UC Berkeley: The Stadium That Seat Licenses Built

A new football stadium is in the works for the University of California, Berkeley. School officials plan to pay for the $200 million project by selling seat licenses. Instead of buying a ticket to a game, a fan owns the right to that seat for 50 years. Each seat costs up to $250,000.

Ethan Lindsey reports for Oregon Public Broadcasting.

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Correction Dec. 18, 2008

The story neglected to point out that the long-term seat licenses, which will range from $40,000 to $225,000, are being offered only for 3,000 of the 72,000 seats in the stadium. Prices for the vast majority of season-ticket holders will not change.

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