The expansion of the south end zone will add roughly 6,600 seats to Lambeau Field beginning with the 2013 season, and the Packers won’t be asking for any taxpayer dollars to pay for it.

That’s the crux of the stadium development plans announced by the Packers on Thursday. The expansion of the south end zone will conclude a three-year redevelopment phase of the stadium that began with the installation of a new sound system this year.

For 2012, new video boards will be installed and a new tower will be constructed in the north end zone that will include a new entrance gate and outdoor rooftop viewing platform. The rooftop platform also will be available for special events on non-game days.

Once the new video board is in place in the south end zone next year, the framework for the entire expansion will be in place, with the project being completed in 2013. The 6,600 new seats, all outdoors, will be tiered vertically in four levels above the stadium bowl and will rise as high as the current banks of lights in that end zone.
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Packer.com wrote:

The Green Bay Packers announced Thursday that they will add approximately 6,600 new seats in the south end-zone area of Lambeau Field and will add a new gate and rooftop viewing platform in the north end zone.

The project is expected to cost $130 million. The franchise also announced it would move up its construction plans, and now will schedule a groundbreaking on the project on Sept. 1.

The team had initially said it would break ground after the Super Bowl this season.

As expected, the Packers said they would finance the project, which is expected to be completed in time for the 2013 season, with no public tax dollars. And the team said they were still considering a stock sale; it would be the fifth such time the Packers have offered such a sale.

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10 million a year in added revenue verse a $130 million dollar outlay.. ROI 13 years (on direct investment not "real" value in terms of interest, etc).. hmmm.. And here before the CBA we were worried about them not being able to reink guys with the signing bonuses.. lol.

BTW.. why do I think of the SuperBowl seating issue when I look at those decks.. boy would I be pissed if those became my season tickets.

Originally Posted by: Pack93z 

I believe I read where a team can get up to 50% of the amount with a fund the League has started with the owners. Plus season tickets will surely go up. When all is said and done the payback is likely to be more like 5-7 years, maybe less. If ticket prices go up only about 5% a year in this amount of time they'll be getting 15-17 million a year. With low interest and the economy now is a good time to do it.

Enclosing it may make it a little warmer in September but it will also make it a little warmer in December.

Originally Posted by: PackerTraxx 

If the Packers do get it passed by the NFL to sell shares of the team to help fund this expansion, how much does a share usually go for? I typed it into Google and $200 came up a few times. Does that sound reasonable?

Originally Posted by: G-Force 

A LOOK AT THE PACKERS STOCK OFFERING OVER THE 17 WEEK OFFERING PERIOD

NOVEMBER 1997 - $9.5 million raised In the first 11 days of the sale, about one-third - or $7.8 million - of the $24-plus million total is sold. Paid orders for stock pour in at a rate of over 3500 per day - 38,895 total over the 11-day period - generating about $700,000 per day or an average of $4.9 million per week!
During the week of November 25, following the Packers key victory over the Dallas Cowboys at Lambeau Field, an additional 8315 shares are sold - generating nearly $1.7 million or about $238,000 per day.

thats gonna make alot of people happy waiting for tix, are they gonna be all season tix or general gameday tix ??

Originally Posted by: nyrpack 

In the 70's - 90's you could do that easily. The good ole days. LOL

Originally Posted by: PackerTraxx