Venue Detail
Albany Devils
Revenues From Sports Venues Pro Facilities Report
February, 2011
Albany Devils
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51 S Pearl St Albany, NY 12207-1500 Phone: 518-487-2244 Fax: 518-487-2248 URL: www.albanyriverrats.com
Owner
Walter Robb
League
American Hockey League East Division
Venue
Times Union Center, 51 S Pearl St, Albany, NY 12207-1500 Owner: Albany County Managed by: SMG Facility Management Built: 1990 Capacity: 15,000 Permanent concession stands: 5 Concessionaire: Aramark Suite caterer: Aramark Soft drink: Pepsi Cola
Naming rights
Sold to: Albany Times Union Price: $3, 500,000 Term: 10 years Expires: 2017
Ticket prices
Season tickets range from $500 to $500 Single tickets range from $16.00 to $16.00
Attendance
2007 average attendance: 3,966 2008 average attendance: 3,940 2009 average attendance: 3,539
Luxury Suites
Quantity: 25 Term: 3 to 3 years Price: $48,000 to $48,000 Seats: 16 to 16 Includes: Tickets, advertising signage on the back wall of the suite along the concourse.
Formerly the Knickerbocker, Pepsi acquired the naming rights for the facility in 1997. When those expired, the Times Union newspaper purchased the rights in 2006. The arena is home to the AHL Devils. The arena cost $70 million to build, but was budgeted at $36 million.
The arena got a new lounge for fans to use before and after events. The 120-seat Citizens Bank Club in the New York venue opened in July 2005.
The $600,000 cost of construction was covered by sponsors and advertisers. Citizens Bank paid $50,000 for naming rights in a five-year deal.
With chandeliers, cherry wood furnishings and photos of sports events and concerts, the club has 50 stadium-style seats with a view of the floor. That section of seats has been leased for three years by Wurld Media of Saratoga, at a cost of $300,000. The lease covers concerts and events other than Siena College basketball and hockey.
In 2002, the venue posted a profit of more than $112,700, which was the second time the building has been in the black since it opened.
Operating profits were above projections at $1.7 million. Operating costs were put at $3.8 million. At the time, managers expected a down year because of the loss of the arena football Firebirds. Low concert bookings also promised a down year.
That changed in late 2002 when bookings increased and the building hosted such popular acts as Bruce Springsteen and the Dave Matthews Band. The arena hosted a total of 24 concerts. Attendance was up 10 percent to 763,641.
Building officials said a new scoreboard and other amenities helped draw crowds. (Facilities, Financial, Ice Hockey, Professional Sports)