Sunday, May 5, 2024

Alamodome expected to turn a profit for the first time in 21 years, officials say



SAN ANTONIO – For the first time in 21 years, the Alamodome says it’s going to turn a profit.

The remaining time the Spurs referred to as the dome house used to be in 2002, additionally 21 years in the past.

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From the Spurs coming house sport and breaking the NBA attendance file to concert events with big-time performers outdated and new, the Alamodome has been busy in 2023. The dome’s financials are evidence of the stadium’s robust draw.

“It’s not about the building making money. It’s about bringing those events to our city, and the economic impact from those events is really what these buildings are about,” mentioned Stephen Zito, assistant director of leisure at the Alamodome

Zito mentioned that even if a profit of $1.6 million in Fiscal Year 2023 is welcome news, their major function is to carry extra shoppers for all companies in Alamo City. It’s one in every of the major causes the bar Francis Bogside sought after a St. Paul Square location when it opened in May.

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“They bring like 40,000 to 50,000 people to the area and through the streets before the events start. You can see thousands of people walking, and they’ll stop in, and we get a full house as soon as we open the door,” mentioned Gina Buffalo, gross sales director at Francis Bogside.

Those with a longer historical past in the community, like Alibis, have had to take care of the ups and downs of the Spurs leaving the dome again in 2002.

“Things slowing down, and it included what was going on at Sunset Station. It’s been a huge trickle-down for everyone,” mentioned Nick Johnson, proprietor of Alibis.

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Johnson mentioned he’s excited to see the resurgence of the Alamodome and the drastic distinction in industry every time it hosts an tournament.

“In two days, you do as much as you normally do in a week or a week and a half,” mentioned Johnson.

A May 2023 learn about by way of St. Mary’s University presentations the Alamodome has generated just about $4 billion for San Antonio and surrounding companies since opening in 1993.

Zito mentioned the Spurs leaving intended that they had 45 further tournament days to fill. It additionally lets in his crew to carry in various kinds of leisure.

“Disney on Ice, Monster Jam,” mentioned Zito.

“You can’t forget the Pigskin Classic,” mentioned reporter John Paul Barajas.

“That’s exactly right!” added Zito.

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