SUBJECT: Lee Arena Seating
Each year the Athletics Department sells out of blue back seats and has a waiting list for those seats. These individuals are not interested in buying bench back seats. Bench back seats sell for $110.00 per season ticket. Blue back sets sell for $135.00 per season ticket. An excess of bench back seats exist while a waiting list for chair back setas grow. Currently there are 509 bench back seats. This change in seating makes the entire East side of Lee Arena blue back seats. The change from bench back seats to blue back seats will reduce the total number of seats on the East side from 1088 to 1004. However, the replacement of bench backs with 425 additional blue backs will improve income by meeting demand for space not now sold.
The projected cost for making this change in seating is approximately $60,000.00. Capitol Federal Savings has agreed to donate $60,000.00 for this project. This donation will be paid out over 3 years. The breakdown is as follows:
First Year $30,000
Second Year $15,000
Third Year $15,000
Actual quotations for this project have yet to be taken while efforts to find vendors other than the sole source manufacturer continues. It is recommended that the Board authorize a not to exceed project total of $70,000 with all funds over $60,000 provided by the Athletics Department Budget.
President Farley recommends Board approval for the purchase of these seats.
(date) Jerry B. Farley, President