Small Business Resources, Business Advice and Forms from AllBusiness.com
 

Cards' spiffy nest is third-generation Busch

By Steve Cameron
Publication: Amusement Business
Date: Saturday, April 1 2006
Except for one piece of legal unpleasantness, the St. Louis Cardinals' move into the new Busch Stadium has been a stunning success — to the point that the club had to cut off season-ticket sales at 27,500 for fear of overselling the place.

"We don't have the capacity

to meet the demand for season tickets that we've experienced," says Cardinals president Mark Lamping, who has promised repeatedly that there will be day-of-game tickets available for every home date.

Obviously, the club's faithful fans are falling over themselves to join the party at this 43,975-seat, $345 million "retro" ballpark, which was built adjacent to the site of its older and now-demolished namesake.

Baseball's newest jewel truly does look spectacular as designers from HOK and its architectural partners have managed to incorporate a terrific view of the St. Louis skyline and Gateway Arch — along with opening up sightlines into the stadium for the business and residential units that ultimately will be built in a unique "Ballpark Village" across Clark Street to the northeast.

The Cardinals are unveiling the first privately financed major league stadium since the San Francisco Giants began construction on its facility in 1997.

To pull it off, the club needed a $45 million long-term loan from St. Louis County, $200.5 million in bonds to be paid off over 22 years, $9.2 million in interest on the construction fund, $90.1 million directly from the team and a 20-year naming rights agreement with former owner Anheuser-Busch.

Lamping says the Cardinals seriously considered other interested companies as naming-rights partners, but in the end everyone was delighted to have the magic Busch name back on the ballpark — the Cards' third straight home since 1953 to carry the brewer's famous logo.

"It just wouldn't be Cardinals baseball without Busch Stadium," says William O. DeWitt Jr., the club's principal owner.

The only potential bobble in the run-up to Opening Day involved the Cardinals' claim for partial reimbursement of the $14 million it cost to clean up petroleum and other contaminants from the stadium construction site.

Greenwich Insurance Co. fired back with a lawsuit based on the counterclaim that the ballclub hid studies that showed the area was contaminated and "made material misrepresentations in the policy application."

Greenwich insisted in its suit that had all facts been divulged, it would not have issued the policy under which the Cardinals are seeking reimbursement.

Lamping and the Cardinals declined comment on specifics because of the ongoing action, except to say the club has a valid claim

In addition, make sure to read these articles:

  • Daktronics Awarded Contract to Provide...
  • BROOKINGS, S.D. -- Daktronics, Inc. (Nasdaq:DAKT) announced today that in late January it was awarded a contract in excess of $5.8 million to design, ......
  • SBC Communications Announces New IP Telephony...
  • SAN ANTONIO -- SBC Communications Inc. (NYSE:SBC) today announced a new contract to provide IP telephony services to the St. Louis Cardinals Major League ......
  • 'Gateway City' Gets a New Hilton: Just...
  • ST. LOUIS -- Situated in the heart of the city's vibrant core, the Hilton St. Louis at the Ballpark opened today next to Busch ......
  • Take Me Out to the Ball Game: TVA Fire &...
  • ST. LOUIS -- TVA Fire & Life Safety, Inc. (TVA), one of the country's leading providers of products and services in fire protection engineering, ......
  • ARGUS
  • * Warren Beatty was asked by California Democrats to run against Arnold Schwarzenegger for governor. No one ' knows who would win this one. Major ......
  • Swirl Stirs Giants' Fans in Bay Area
  • Aiming to boost attendance at 81 home games this season, Swirl has created a multimedia campaign for the San Francisco Giants, with television, radio and ......
  • Cardinals Fans Sought for New MLB ``I Live...
  • Major League Baseball WHAT: Open casting call at Busch Stadium to audition fans for a spot in one of six new "I Live for ......
  • New Retail Planned for Central St. Louis County
  • The Olivette, Mo., city council has approved development of a mixed-use building on four acres in the city that will include about 27,000 square feet ......
  • Former C.E.O. Magowan Retiring from Safeway Board
  • PLEASANTON, Calif. -- Safeway, Inc. said late last week that Peter A. Magowan, managing general partner and president of the San Francisco Giants, and onetime ......
  • Bonds Series On Deck For Espn Slot
  • Now on the verge of possibly breaking the career home run record of Henry Aaron, San Francisco Giants slugger Barry Bonds will be the focus ......
  • Singles score romance at the Giants' SBC Park
  • SAN FRANCISCO -- When the San Francisco Giants play baseball, slugger Barry Bonds and the other players are far from the only ones thinking about ......
  • ESPN's Bonds On Bonds Pulled
  • ESPN put its controversial documentary/reality show, Bonds on Bonds, on hiatus, and will bring it back this season only if Barry Bonds, the San Francisco ......
  • Wins help McCourt sway fans.
  • WHEN Boston real estate developer Frank McCourt took ownership of the Dodgers in February, just days before the start of spring training, he vowed to ......
  • St. Louis County, Missouri Picks Intergraph's...
  • HUNTSVILLE, Ala.--(BUSINESS WIRE)--Dec. 9, 1996--Intergraph Software Solutions announced today that St. Louis County, Mo. has purchased GeoMedia Web Map(R) - Intergraph's new solution for providing ......