Ever since I heard that UC Berkeley was going to finance stadium renovations entirely with private money, partly by selling luxury seats, I've wondered what buyers would get for the money and how MUCH money. And also what the hell is inside that huge new structure perched on the western rim of the stadium:
On Sunday afternoon, I got a chance to check it out at a stadium open house. Jerry and I hiked up the hill and wandered around that massive structure, which turns out to be full of lounges and seating and bars for people who buy premium seats through the Endowment Seating Program.
Field Level Club seat |
If you buy a Field Level Club seat, you get to buy food drinks at Field Club restaurant on that level:
Owners of Field Level Club seats use this restaurant. TV screens everywhere. |
Bar in the Stadium Club |
Looking west from the Stadium Club |
Stadium Club, with steps to the mezzanine |
View from University Club seats |
The University Club has a deck with spectacular views across San Francisco Bay to the Golden Gate. And inside are lounges and bars, where the food and alcohol are complimentary. The general public can rent the facilities on a non-game day for $9,750.
View looking west from the terrace of the University Club |
A wall of windows in the University Club |
University Club lounge looking toward the football field |
A bar in the University Club |
Access to the Stadium and University club seats and restaurants/lounges appears to be strictly controlled:
University and Stadium Club seat-holders are issued ID bands |
Yikes. Are people actually paying this kind of money to go to a football game? I wondered. I came home and read up.
People are buying these seats, but not as many as expected. The launch of Endowment Seating Program coincided with the recession. As of June 30, 2012, only 65% of the Endowment Seating was sold. Not surprisingly, more Field Level Club seats had been sold (72%) than Stadium Club (60%) and University Club (25%). And 82% of the buyers elected to make payments rather than pony up the entire fee. Only $40 million had been paid on pledges of $140 million, and buyers can back out at any time.
If the program fails to reach the goal of $270 million from seat sales, there's speculation, per the Wall Street Journal in April, that funds might have to come from the campus to cover the bond payments. This at a time when state funding has be drastically cut and tuition raised annually.
"Grandiose," is how Jerry describes it. You have to wonder if the lavish restaurants and lounges were necessary to sell the expensive seats. Who knows.
After viewing all the fancy amenities, it was comforting to see a few of the old bleacher seats refinished and used to panel the Hall of Fame Room near the Field Level Club:
A plank from an old bleacher, refinished and incorporated into a paneled wall in the Hall of Fame |
Where oaks once stood: newly landscaped path near the Student-Athlete High Performance Center (low building) |
And if anyone's tempted:
Awaiting a buyer |
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