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Encyclopedia > Luxury box

A luxury box or luxury suite is a special seating section in arenas and stadiums. They are typically in the mid-section of the stadium, affording the best views of the sporting event. Some have glass panels that can be retracted, in order for the spectators to feel closer to the action of the sporting event. Most luxury boxes are leased by contract on a yearly basis, though some are bought in a manner similar to that for a condominium. These methods usually grant access to the box by the leaseholder or owner for every event held at the venue. A few stadiums rent them on a per-event basis. Prices vary from $5,000 up to the millions of dollars. An arena is a circular or oval shaped public space (akin to a classical amphitheatre), designed to showcase theater, musical performances, or sporting events. ... The Olympia Stadium: start and finish lines visible, defining the length of one stadium (in this case 192. ... A lease or tenancy is a contract that tranfers the right to possess specific property. ... A condominium is a form of housing tenure. ... Minge. ...


Luxury boxes are a significant source of revenue for most professional sports teams and stadium owners. Therefore, teams often want to build new stadiums so that they can have more luxury boxes. Many new additions to college football stadiums have come with luxury boxes, producing additional income for the schools.


Some have commented that the rise of the luxury box, along with club seating, has degraded the game-day experience for the average fan, because placement of the boxes has moved the upper decks higher and further away from the playing surface. Two venues, Ford Field and Philips Arena, have addressed these concerns by placing all luxury boxes on one side of the field; this allows the other sides of the venue to have closer sightlines than modern stadiums. Ford Field is an indoor American football stadium located in Detroit, Michigan that is the home of the Detroit Lions of the NFL. It is across the street from Comerica Park. ... The Philips Arena is a indoor arena in Atlanta, Georgia. ...


The first luxury box was in the Astrodome in Houston, Texas. The Reliant Astrodome, formerly just the Astrodome, is a domed sports stadium in Houston, Texas, and is part of the Reliant Park complex. ... Downtown Houston Uptown Houston City nickname: Space City Location in the state of Texas Founded   â€” Incorporated 1836 1837 Counties Harris County Fort Bend County Montgomery County Mayor Bill White Area   â€” Land   â€” Water 601. ...


  Results from FactBites:
 
Luxury box - Wikipedia, the free encyclopedia (378 words)
Luxury box or luxury suite is the North American term for a special seating section in arenas, stadiums and other sports venues.
Most luxury boxes are leased by contract on a yearly basis, though some are bought in a manner similar to that for a condominium.
Luxury boxes are a significant source of revenue for most professional sports teams and stadium owners.
Luxury - Wikipedia, the free encyclopedia (228 words)
Luxury goods, an economic good for which demand increases more than proportionally as income rises, contrast with inferior good and normal good.
Luxury box, a term for a special seating section in arenas, stadiums and other sports venues.
Luxury tax (sports), a surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the league.
  More results at FactBites »

 

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