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 Jail Booking Report

Schools Featured In New Book Chattanooga In Old Photos

PHOTOS: Christmas At The Chattanooga Choo Choo


Here is the latest jail booking report from Hamilton County: APPLING STEWART, SHONDRICK CHRISTIAN 4002 LARA LN APT B CHATTANOOGA, 37416 Age at Arrest: 20 years old Arresting Agency: ... (click for more)

Chattanooga schools are featured in the new book Chattanooga in Old Photos, sponsored by Chattanoogan.com. There are scenes of McCallie School in 1910 as well as the 1927 football squad. The ... (click for more)


Breaking News

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: APPLING STEWART, SHONDRICK CHRISTIAN 4002 LARA LN APT B CHATTANOOGA, 37416 Age at Arrest: 20 years old Arresting Agency: Chattanooga DOMESTIC ASSAULT --- BILLINGSLEY, ILLYAN MONTREA 2110 COOLEY ST CHATTANOOGA, 37406 Age at Arrest: 38 years old Arresting Agency: Chattanooga POSS. OF HANDGUN WHILE ... (click for more)

Schools Featured In New Book Chattanooga In Old Photos

Chattanooga schools are featured in the new book Chattanooga in Old Photos, sponsored by Chattanoogan.com. There are scenes of McCallie School in 1910 as well as the 1927 football squad. The Baylor School quadrangle and campus by the river are also included. Other old photos are of Bright School, the old Chattanooga High, Clifton Hills Elementary, Eastside Elementary, Highland ... (click for more)

Opinion

Bill Bennett Was One Of The Best Gentlemen In Politics - And Response (5)

In an era of political haughtiness and ego, we should recognize the life example of public service demonstrated by Hamilton County Assessor Bill Bennett. As I told my friend Bill many times, he and former Governor Winfield Dunn were the best “gentlemen” I knew in politics. He was kind, humble and honest. To honor his legacy, we should all try to carry ourselves a little more ... (click for more)

Roy Exum: The Christmas Sheep

There are a whole lot of reasons I ought to go to hell. It is by the saving grace of an Almighty God that I already have been assured of a place in heaven but, to be real honest, I think even my eternal Savior had reason for pause when it comes to my ‘Christmas Sheep Caper.’ I believe if you recognize a wrong and ask for God’s forgiveness, things work out. But I also believe my ... (click for more)

Sports

Bucs Turn To Jeremy Bosken To Resurrect Football Program

Jeremy Bosken has a reputation of taking down and out football programs and turning them into winners. The Boyd-Buchanan Schoolis hoping that proves to be true again as the Buccaneers announced that Bosken has been hired as the school's new head football coach. Bosken has most recently been the head coach at Knoxville Halls High School where he took a program that was tabbed ... (click for more)

Tim Ensign Wins Wauhatchie Trail Run For 11th Time

Don’t ever let anyone tell you that Tim Ensign isn’t a competitive person. Last year the veteran runner got beat at the Wauhatchie Trail Run in the final stretch by Rodney Stoker and Ensign has never forgotten it. The former UTC standout got his revenge on Saturday as he became an 11-time winner after covering the hilly and challenging 6.7-mile trail run on the side of Lookout ... (click for more)