TD Ameritrade Park opens to profitability in its first year
The new home of the College World Series produced a $5.6 million net operating profit for the 2010-2011 fiscal year.
According to a new report, TD Ameritrade Park, located in downtown Omaha, generated a net operating profit of $5.6 million in its first official fiscal year. The report was written by the Metropolitan Entertainment and Convention Authority (MECA) which runs the ballpark.
The $131 million ballpark was built to replace Rosenblatt Stadium and ensure the long-term future of the College World Series in Omaha. In addition to the CWS, TD Ameritrade Park has hosted a college home run derby, an international baseball exhibition game between the United States and Japan, five nights of the Red Sky Music Festival and four Omaha Nighthawks professional football games.
Also noted in the MECA report was the fact that the park was able to cover its contributions to its debt payments as well as its operational expenses and pay its reserve fund as outlined in the financial agreements for the CWS. In addition to facility revenues, the annual debt payment is also being fed by hotel and rental car taxes as well as keno funds.