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City Lands a Good Deal Renting Citrus Bowl to the Rage

ORLANDO-The city is surfacing as one of Downtown's most successful rental property owners after a string of not-so-successful ventures in past years. The new Orlando Rage football team is turning out to be a potential $50,000-a-year revenue-maker for the city.

By Alex Finkelstein | Updated on December 13, 2000

ORLANDO-Few cities today make money from professional sports franchises, but the upstart XFL football league is an exception. The Orlando Rage’s two-year leasing deal at the 70,000-seat Citrus Bowl is turning out to be a potential $50,000-a-year revenue maker.

Not so the leasing deal with Orlando Magic at the TD Waterhouse Centre, which is far less profitable. At the bottom of the money-making ladder for the city are the New Year bowl games at the Citrus Bowl.

The deal with the Rage gives the city a minimum $10,000 per-game rent or 10% of the gross ticket take, which ever is greater, on a 10-game season schedule. The city also gets all parking and concession revenues. Additionally, the Rage pays up to $55,000 in salaries for security offers, cleanup crews and ushers.

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