|
|
Article: Minute Maid Makes $170 Million Name Deal for Houston Astros Stadium.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 6, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Joseph Duarte, Houston Chronicle Knight Ridder/Tribune Business News
Jun. 6--Now being served at Minute Maid Park: peanuts, Cracker Jack and orange juice?
Houston-based Minute Maid Co. agreed Wednesday to pay the Astros an estimated $170 million over 28 years for naming rights to the team's 3-year-old downtown ballpark plus an array of other advertising and marketing opportunities. The festive ceremony included a fireworks display and the team's vintage locomotive pulling a cart of giant "oranges" along the left-field railroad tracks.
Astros owner Drayton McLane Jr. called the agreement with the Minute Maid Co. a "new partnership but an old ...