Citi Field Revenues Down 30% Since Opening In 2009
Citi Field revenues have dropped more than 30 percent since the New York Mets ballpark opened in 2009, and premium ticket sales are down by nearly 50 percent, according to financial records obtained by Newsday.
Overall attendance declined 26 percent, to 2.3 million, and during that time, revenues for concessions and parking slipped. The financial documents obtained by Newsday show that concession revenue dropped 28 percent since 2009, to $10.9 million in 2011. Newsday reported in its Sunday editions that parking was down 37 percent, to $7 million.
Ticket sales for the 10,635 premium seats also declined from $99.3 million in 2009 to $50.6 million through 2011. The seats are about 25 percent of the 42,000-seat stadium.
“It’s mostly a product of the product on the field,” Smith College sports economist Andrew Zimbalist said, according to Newsday. “To some degree it’s an outcome of the economic situation in the country and, I think, to a smaller degree, it’s affected by the bad publicity the Wilpons have had in connection with the Madoff issue.”
Mets attendance has always been up or down based on how good or bad the team is performing. Attendance would still be down even if they were still playing at Shea Stadium, this is nothing new. Everybody loves a winner.
About the Author: Rob Johnson
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