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The 1975 Lease granted the Mecom Group exclusive use and
occupancy of the Superdome for each day on which a Saints home
game (home game) was scheduled to be played in the Superdome.
It also granted the team access to the playing field during
specified hours on the day before each home game and exclusive
and continuous possession of an equipment and training room in
the Superdome from 1 week prior to the Saints' first home game
until 1 week after the team's last home game for each year of the
lease. Under the 1975 Lease, the Mecom Group was not entitled to
share in any of the receipts from stadium advertising,
concessions, parking, box suites, or other stadium sources. All
of the revenues were retained by LSED. The 1975 Lease was
amended in 1976 to address an issue concerning the seating
configuration in the Superdome.
On February 22, 1984, LSED entered into a lease with the New
Orleans Breakers (the Breakers), a member of the former United
States Football League (USFL) to use the Superdome for football
games. This lease required the Breakers to pay a base rent for
each home game played in the Superdome equal to the greater of
$20,000 or 7 percent of gross ticket sales after taxes, plus 1
percent of all gross revenues received by the Breakers in respect
of television broadcasts or rebroadcasts of any USFL games, plus
the cost of various services. This lease, which became effective
on July 6, 1984, allegedly violated the exclusivity provisions
contained in the 1975 Lease.
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Last modified: May 25, 2011