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Wednesday, December 14, 2011

Where Does Target Field Concert Cash Go?

$300 to see Kenny Cheney and Tim McGraw? That’s the shitkickingest thing I’ve seen since Elton Britt ran for President in 1960!

If taxpayers pick up the tab for a new sports stadium which later hosts a concert, where does that money go and does the public get a kickback for their investment? That’s a question currently occupying many minds after the first concert at Target Field sold out in only four hours.

FOX 9 News reporter Tom Lyden began looking for the answer after a viewer e-mailed, asking if the team pockets all the profits from the concerts held at the ballpark—but when it comes to the money trail, there are few simple answers with public stadiums.

Baseball may be the game of the summer, but Target Field is now proving that there’s big money to be made beyond baseball. Soon, about 39,000 country music fans will pack the house to see Kenny Cheney and Tim McGraw. Some fans even shelled out $300 per ticket.

So who gets that money? Twins spokesman Keven Smith says he wishes they did, but the concert promoter and performers take in all the money generated at the gate. The Twins keep the concessions cash—but they don’t know how much that will amount to.

“We don’t know how concessions go,” Smith admitted. “We run a baseball team, not a concert venue. Not yet.”

Repoz Posted: December 14, 2011 at 11:08 AM | 6 comment(s) Login to Bookmark
  Tags: business, media, music, twins

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   1. MM1f Posted: December 14, 2011 at 12:20 PM (#4016066)
Soon, about 39,000 country music fans will pack the house to see Kenny Cheney and Tim McGraw. Some fans even shelled out $300 per ticket.


Facepalm.
   2. Leroy Kincaid Posted: December 14, 2011 at 12:25 PM (#4016068)
The Twins keep the concessions cash

I'd hate to be the peanut or cotton candy guy in a mosh-pit.
   3. Nasty Nate Posted: December 14, 2011 at 04:22 PM (#4016231)
So who gets that money? Twins spokesman Keven Smith says he wishes they did, but the concert promoter and performers take in all the money generated at the gate.


I bet ticketmaster gets the biggest cut.
   4. Walt Davis Posted: December 14, 2011 at 06:06 PM (#4016350)
Twins spokesman Keven Smith says he wishes they did, but the concert promoter and performers take in all the money generated at the gate.

And of course there's no charge for use of the venue. :-) Somebody's getting paid by the concert promoter for crying out loud.
   5. Bob Evans Posted: December 14, 2011 at 06:15 PM (#4016357)
Just make sure you get a cut of the t-shirt concession. That's the sweetest plum, you know.
   6. The District Attorney Posted: December 15, 2011 at 02:23 AM (#4016791)
Twins spokesman Keven Smith
This seems like a smart man: proud of his own name so he doesn't really want to change it, but still wants to distinguish himself somehow from Kevin Smith.

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