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Friday, March 14, 2008

Biz of Baseball: Brown: Box Seat at Yankee Stadium Costs 1029% More Than in ‘67

Yea...but just think what Thad Tillotson would cost today!

To place this in perspective, using the Consumer Price Index, $3.50 in 1967 would be worth $22.14 in 2007 dollars. That means that the cost of a box seat at Yankee Stadium has risen 1029 percent since 1967, with inflation accounted for.

Other notes of interest…

--The longest stretch without an increase was from 1968-1975 where the price remained $4.00
--In the last decade alone, the cost of a box seat has increased 332 percent, accounting for inflation.
--The cost of a ticket in 1987 ($10) was less than what a ticket cost in 1967, when accounting for inflation ($12.28)
--From 1967 to 1994 (27 years), the cost for a box seat was under $20.
--The cost for a box seat from 1994 was under $30 for only 2 years (1995-1996), $40 for one year (1997),$50 for one year (1998)
--The largest percentage of price increase is from last year to this: $100.

On the last bullet point, the reason is pretty clear… it’s the last season in Yankee Stadium after 85 years of unparalleled history. The Yankees know that fans will pay more to say goodbye.

Repoz Posted: March 14, 2008 at 10:43 PM | 0 comment(s)
  Related News: GeneralBusinessHistoryNY Yankees

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