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Report: Citi Field Revenues Are Down

NEW YORK (CBSNewYork/AP) — Financial records show that Citi Field revenues have dropped more than 30 percent since the New York Mets ballpark opened in 2009. Premium ticket sales are down almost 50 percent.

The financial documents obtained by Newsday show that concession revenue alone dropped 28 percent since 2009, to $10.9 million in 2011. Newsday reports that parking was down 37 percent, to $7 million.

LISTEN: WCBS 880’s Mike Xirinachs reports

Ticket sales for the 10,635 premium seats declined from $99.3 million in 2009 to $50.6 million through 2011. The seats are about 25 percent of the stadium.

The documents highlight some of team’s financial struggles following the fraud committed by Bernard Madoff. The owners of the Mets are being sued by a bankruptcy trustee trying to recoup some of the $50 billion in Madoff fraud money.

What do you think? Sound off in our comments section below…

Comments

One Comment

  1. revenues says:

    I like reading information about revenues. Are you sure about what you was writing? Best wishes, Eva.

  2. AngryMet says:

    It started before madoff, with the inability to hold a division lead down the stretch. Is it a surprise that the revenues have been mimicking the performance ?????? News? Hardly…..

    1. Blasterific says:

      Bingo!

    2. Jim says:

      The word you’re really looking for, but didn’t have the heart & guts in saying is

      CHOKED, not once, but two straight years. CHOKED, CHOKED, CHOKED.

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