2012 Budget Summary - Chicago Park District

MillionsDetailed RevenueSoldier FieldThe District contracts with a private vendor to manage and operateSoldier Field. This contractor collects revenue from events at SoldierField, as well as income from non-event parking at the Soldier Fieldparking lots. Revenue collected from Soldier field has steadily increased since 2008 andcontinues to be a profitable venue for the District. On the basis of planned events at SoldierField, it is expected that $24.8 million in gross revenues will be collected in 2012. Currentlythere are 307 events planned including NFL football, NCAA football, international soccer,concerts and facility rental events for 2012.Soldier Field Gross Revenue v. Gross Expense$27$24$21$18$15$12$9$62008 2009 2010 2011 2012Gross RevenueGross ExpenseParking FeesPrior to 2007, parking revenue was primarily income generated from the Downtown ParkingGarage System that is now part of a long-term lease agreement finalized in 2006. The Districtentered into a multi-year agreement with Standard Parking to manage the District’s ParkingSystem in 2009. Standard Parking manages the installation and maintenance of “Pay & Display”units and collection of revenues generated by the District’s parking system. Revenue isbudgeted at $2.9 million for 2012, a 20% increase over 2011 budget.$3,000,000Parking Gross Revenue v. Gross Expense$2,000,000$1,000,000Gross RevenueGross Expense$02008 2009 2010 2011 201246