$7.5 million per year. Click on the link on the bottom right side of this page: http://www.lsusports.net/vision/investing.htm
OK, the revenue from the current pricing is $3.1 million from priority seating and $1.05 from club seating, for a total of $4.15 million. So, is that $7.5 million, total, up from the the combined $4.15 million, total? Or is that added to the current club seating revenue for a total of $8.55 million? It seams that since club seating requires a TAF donation and will not be changed for the 2004 season, the money it generates would not be included in the change. Am I in left field, here?
And in 2005 when the new West Upper Deck open there will be addtional club seating (approx 3200) at $2000 a seat.
Additional. Keep in mind, the TAF is keeping its 12% and the East Upper. While you will pay LSU $450 for the best seats, the TAF will charge more ($750-1,000). In short, if you haven't owned seats for a long time (or don't know someone who has and is willing to put those seats in your name), the only way to get "prime" seats is through the TAF. So, they'll be able to charge the $750-1,000 EASY and still raise AT LEAST the same $3.1 million they've been raising. Further, if you look at the Q&A portion of the LSU Vision page, the last question states that they will give a certain percentage of the prime seats that open up (because of nonrenewals) to the TAF. This should allow them to raise even more than the $3.1 million they currently raise.
