Indy Indians chasing bigger crowds, more money

July 15, 2013
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The Indianapolis Indians are red hot again this year. Not only is the team leading its division with a 61-38 record, but it is also chasing a fifth straight year with an attendance gain.

Through the AAA minor league team’s first 49 home games, the team has drawn 388,245 ticket-buying fans through the Victory Field turnstiles. The Indians are slightly behind last year’s 49-game mark of 393,985.

The Indians drew 595,043 for 70 regular-season home games last year, averaging 8,501 fans per game. Two post-season home games pushed total attendance up to 605,575 , which was fifth among 176 Minor League Baseball teams. Last year’s attendance was the team’s second-highest total since 2001.

With a six-game home stand the last week in July, which includes Friday, Saturday and Sunday games, plus weekend games on four of five weekends in August, the Indians still have a solid shot at topping last year’s attendance. The Indians’ likely playoff appearance gives the team an excellent chance of being among the Minor League Baseball attendance leaders again this year.

Attendance has been on a steady rise the past four seasons, hitting 549,552 in 2009; 569,969 in 2010; and 580,082 in 2011.

Ticket sales increased from $4.3 million in 2011 to more than $4.6 million in 2012. Ticket sales are a key indicator of the franchise’s overall financial health, since they directly affect parking, concession, souvenir and other ancillary revenue streams.

The Indians, a farm club of the Pittsburgh Pirates, saw profit grow to $1.57 million on operating revenue of $11 million in 2012, compared with profit of $1.06 million on revenue of $10 million in 2011.

The Indians’ record home attendance was 658,250 in 1999. Victory Field opened July 11, 1996.

 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

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  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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