Crain's Detroit Business reports on the current status of sales of Michigan Stadium suite and Jack Roth Stadium Club seats.
After being marketed for three years, 63 of the 81 luxury suites in Michigan Stadium were leased for three, five or seven years as of Friday, said Joe Parker, senior associate athletic director.
Separately, 84 percent of the 2,952 seats that are part of the Jack Roth Stadium Club have been sold. The club was named after Jack Roth, president and CEO of Los Angeles-based advertising firm Admarketing Inc. and the stadium project's largest donor.
“We have a number of discussions that should lead to additional commitments” before Michigan's first game, Sept. 4, Parker said.
The transactions so far mean sales and leases have topped the 70 percent figure needed to cover debt payments, he said.
The article includes a list of corporate leasees, so here's hoping you work for one of these companies or know one of their high muckety mucks. Also, queue the outrage for customers of some of these companies for the seeming extravagance of this expense.
Sorry, neither Brian Cook Enterprises, LLC nor MGoBlog.com, Inc. are included in the list, so don't expect any MGoSeat contests here.