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Packers announce plans to expand Lambeau Field
The Green Bay Packers announced Thursday the addition of a new gate and rooftop viewing platform in the north end zone and approximately 6,600 new seats in the south end-zone area of Lambeau Field. Groundbreaking on the project, which will cost $130 million, has been moved up to Sept 1 and should be completed in time for the 2013 season. The franchise is expected to finance the project, with no cost to taxpayers, but may have to offer a stock sale for just the fifth time in franchise history.
Source:
(AHN Sports)
Reporter:
Kareem Shaker
Location:
Green Bay, WS, United States
Published:
August 28, 2011 02:09 pm EDT
Topics:
Sports, American Football, National Football League
The Green Bay Packers announced Thursday the addition of a new gate and rooftop viewing platform in the north end zone and approximately 6,600 new seats in the south end-zone area of Lambeau Field.
Ground break on the project, which will cost $130 million, has been moved up to Sept 1 and should be completed in time for the 2013 season.
The franchise is expected to finance the project, with no cost to taxpayers, but may have to offer a stock sale for just the fifth time in franchise history.
"With regard to a user fee, the team anticipates a program similar to what was used for the Lambeau Field redevelopment," the team said in a statement. "Additional funding options from the NFL will be explored."
Several improvements will accompany the project, such as two new video boards and new gates to improve the movement of patrons in and out of the stadium.
The new seats will expand the season ticket availability and cost anywhere between $87 and $313.
"The number of new seats available will be equal to the number currently held," the team said. "Those opting for new seats will relinquish their current seats. After that process, members of the waiting list will be approached to purchase any seats remaining in the new sections or seats that have become available in the stadium bowl."
The employment of 1,600 workers for the project over the next two years will provide more than $70 million in wages.
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