Finley Stadium Board Approves New Agreement With The Chattanooga Market

Tuesday, December 4, 2018 - by Gail Perry

The past four or five months have been very successful, said Chairman of the Finley Stadium Board Gordon Davenport, at the board meeting on Monday. A great financial report came with the yearly audit and partnerships were secured with two of the facility's primary partners that will join UTC.  

 

Agreements were approved by the board for both the Chattanooga Market and the Chattanooga Football Club (CFC).

The Chattanooga Market is one of the city’s great success stories and the new contract solidifies the relationship with Finley, said Mr. Davenport. The agreement is for 10 years with a five-year option to renew. It includes three Saturdays each year. As with the prior agreement, Finley will receive seven and a half percent in sales commissions, which now includes parking and the Stadium Corporation has become a concessioner at the market, selling specialty drinks and wine. Included is the partnership with the Chattanooga Kitchen, the shared commercial kitchen that is available to local caterers. Operations at the market are self-sustaining with very little direct expenses to the stadium, said Mr. Davenport.

 

Monthly use of the stadium was outlined by Executive Director Chris Thomas, who told the board that from July through October, the stadium is used the most. This year included the CFC playoff games in July and UTC’s football and soccer seasons. A lot of the yearly revenue is packed in during this time, he said. The Chattanooga Market is also invoiced in October and grants from both the city of Chattanooga and Hamilton County were received during this time. There is very little revenue from December through March he said, but the spring season will begin this year with the Chattanooga Marathon at the first of March. In June, the stadium really comes to life, he said, with it being booked every weekend with various uses.

 

Comparisons to previous years show that food and beverage sales in 2018 were similar to the year before. The staff is trying to avoid freeze repairs that have occurred in past winters, and are using heat conservatively by utilizing the Stadium Club as offices and winterizing the upper levels of the building. There has been nice growth in parking, which now includes “passive parking” when nothing is going on at the stadium. There is also monthly permitted parking. New apartments in the area are opening  and residents pay for parking. Kiosks are located in the lots, all which bring  in additional revenue.

 

Activity at the facility has been analyzed and the results were reported to the board. The price guide for non-multi use events has been updated without many significant changes. Rates charged by other venues in Chattanooga were used in establishing the rates charged by Finley. One change was driven by the increased cost of hiring off-duty police officers. Mr. Thomas noted that there are also different rates for non-profit organizations.

 

The stadium is in almost constant use. Last year, there were 475 events including all uses with multiple events on some days. The number of hours for these events totaled 2,381 hours. There were 256 “public events,” such as UTC football and the Chattanooga Market and 219 private events. Sunday is the day of the week the facility is utilized the most followed by Wednesdays, which include the Main Street Farmers Market as well as private use such as practices and training.

 

The stadium is growing and stable and he sees a solid future for it, said Mr. Thomas.

 


Latest Hamilton County Arrest Report

Georgia Coronavirus Deaths Now At 1,848; 43,400 Cases

Get Emailed Headlines From Chattanoogan.com; Like Us On Facebook, Twitter For Instant News


Here is the latest Hamilton County arrest report: AKRIDGE, SHONTEKIA NICHOLE 2803 S Hawthorne St Chattanooga, 374045738 Age at Arrest: 32 years old Arresting Agency: Chattanooga VANDALISM/MALICIOUS ... (click for more)

Georgia state health officials reported on Monday there have been 1,848 people in the state who have died from the coronavirus - 21 more since Sunday. The confirmed cases are now at 43,400 ... (click for more)

We send out headlines each week day of the latest Chattanooga news. Our news headlines have links that take you to the stories with a click. We also send out special emails if there ... (click for more)



Breaking News

Latest Hamilton County Arrest Report

Here is the latest Hamilton County arrest report: AKRIDGE, SHONTEKIA NICHOLE 2803 S Hawthorne St Chattanooga, 374045738 Age at Arrest: 32 years old Arresting Agency: Chattanooga VANDALISM/MALICIOUS MISCHIEF RESISTING ARREST OR OBSTRUCTION OF LEGAL PROCESS DISORDERLY CONDUCT PUBLIC INTOXICATION --- ANDERS, MARGARET NAOMI 407 CHAPMAN ST Athens, 373033828 Age ... (click for more)

Georgia Coronavirus Deaths Now At 1,848; 43,400 Cases

Georgia state health officials reported on Monday there have been 1,848 people in the state who have died from the coronavirus - 21 more since Sunday. The confirmed cases are now at 43,400 up from 42,902 - an increase of 498. Hospitalizations are at 7,507 - up 57 since Sunday. Whitfield County has four new cases for a total of 283, and seven deaths. Walker County ... (click for more)

Opinion

Memorial Day Remembrance 2020

Perhaps the terrible toll that has engulfed the greater world community due to the black wave known as COVID 19 brings about an urgent sense of reflection and recollection on the true meaning of Memorial Day. One of the earliest commentaries was provided by Frederick Douglass at Arlington National Cemetery on Decoration Day 1871. He would extol to the crowd to never forget ... (click for more)

Roy Exum: For Grins & Giggles

We know from many previous experiences that “An Idle Mind Is The Devil’s Workshop.” We also know that not one person in our nation could have been better prepared than our leaders from both parties in this COVID-19 pandemic. Guffaw and cackle all you want but I promise not a person in our state would pick you over Governor Bill Lee. It is terribly disappointing that every day somebody ... (click for more)

Sports

Fulmer Issues Statement On SEC Decision To Allow Return To Activity By Student-Athletes

Tennessee Athletic Director Phillip Fulmer provided the following response to the SEC decision to allow student-athletes to return to campuses: Southeastern Conference leadership on Friday voted to allow voluntary, in-person athletics activities on league campuses starting Monday, June 8. Each SEC institution will make localized decisions regarding when and how student-athletes ... (click for more)

Dan Fleser: Tennessee In Lock Step With New SEC Athletic Guidelines

KNOXVILLE – The Southeastern Conference will make its first move back toward the playing fields when it allows the resumption of voluntary in-person athletic activities on June 8 on campuses. Tennessee will be lockstep with this first step, which was approved via vote of the schools on Friday. “We’ll continue to follow the guidance from medical experts and health officials ... (click for more)