Looking for ways to spend all that disposable income this economy has blessed you with? Three words: equity seat rights. That's right, for the price of a modest suburban home -- or just the home theatre -- you can buy a stadium seat.
Via the Wall Street Journal:
Earlier this month, the boards of regents at the University of Kansas and the University of California-Berkeley approved plans to fund stadium expansions and renovations by selling something called "equity seat rights." Fans who are approved for financing can buy their seats and pay for them-with interest, of course-over as long as 50 years. Once the seat is paid for, it's yours, just like a house.It's an interesting idea, especially since it could mitigate the need for public financing for new stadiums. And while the economy might make the timing problematic, WSJ's Kevin Clark writes that, "proponents say the plan is actually a boon for serious fans because it allows them to circumvent the annual pain of rising ticket prices."
Plus, fans facing foreclosure can choose to live in their seats while they search for permanent residence.*
Another benefit: unlike personal seat licenses, equity seat rights don't requite an up-front payment for the opportunity to buy season tickets. And just like a home mortgage, you can sell your seat to the highest bidder, which should spawn a whole network centered around the new and lucrative world of seat flipping.
via TSB
* In case it's not obvious: not true.
