Saints, State Reach New Agreement Through 2025
Concluding nearly a year of negotiations, the State of Louisiana and the New Orleans Saints reached a long-term, wide-ranging agreement that:
- Extended the Saints’ Superdome lease through 2025;
- Included $85 million in upgrades to the Dome by the 2011 season;
- Created a new partnership between the two to develop property adjacent to the Dome.
The announcement was made by Louisiana Gov. Bobby Jindal and Saints owner Tom Benson at a press conference Apr. 30, 2009 in the Superdome.
The upgrades to the Superdome will increase opportunities for more ancillary revenues for the Saints, thereby reducing the state’s obligations to the club under the old agreement.
The plans include a complete lower bowl redesign providing improved sight line and adding 3,100 sideline seats; widening the Plaza Level concourse by 40 ft.; adding more concession areas and restrooms; building new Premium Club lounges under the Plaza Level seating; adding 16 suites on the 300 level and moving the Press Box to the Terrace.
The improvements will benefit all users of the Superdome and will be accomplished in the summers of 2010 and 2011. Added to the more than $200 million facelift the Superdome received following Hurricane Katrina, the upgrades will keep the Dome competitive for future major sports events.
In fact, the proposed additions were an integral part in recent successful bids for the 2012 NCAA Final Four and the 2013 Super Bowl.
The Benson family and the State, through the Louisiana Stadium and Exposition District (LSED), will co-develop property on the downtown side of the Superdome, revitalizing an area that has been dormant since Katrina. The two will turn the area formerly occupied by the New Orleans Centre Mall into a spectacular 70,000-sq. ft. Festival Plaza with a vision of a state-of-the-art entertainment district.
The Benson family will purchase the Dominion Tower office building and the state will lease a portion of the available space to relocate offices that have been scattered since the Hurricane ruined the State Office Building in New Orleans.
The previous Superdome lease agreement with the Saints ended after the 2010 season.
For more information Contact:
Coordinator of Media Relations
Louisiana Superdome/New Orleans Arena
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