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Golden Nuggets: An update on the financial status of Memorial Stadium

Is Memorial Stadium just bleeding money?

Thearon W. Henderson

Cal has taken a unique approach to generating several revenue streams using California Memorial Stadium and things are going... well? I thought the sky was falling!

Overall, all sources of revenue generated approximately $2.74 million from July 1 through Dec. 31, 2013, a 20.5 percent increase compared to the same time period during the 2013 fiscal year. Included in the figure for the first time were rental income from long-term lease agreements and philanthropy and partnership revenue.

While net sales for the Endowment Seating Plan remained relatively flat for the first six months of the fiscal year, other portions of the plan showed significant growth. In particular, money collected from premium groups, corporate bundles and perk tickets (non-pledge premium seat revenue) was almost $550,000, or about 2 1/2 times what its total for the first two quarters of FY13.

Um, I burned a lot of bridges because I was told Cal's strategy was awful and going to be the end of it all. Does anyone know if there's a way to delete voicemails I sent a few months ago?

And with plans for even more tenants to rent space, does this mean things can get even better from here? What will all the critics think?!

Berkeley/Cal news

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