Hokie fans will now pay taxes on an estimated 25,000 sodas, 8,000 bottles of water, 4,000 pretzels, 2,000 slices of pizza and 2,000 servings of nachos consumed in a football season.
That's about 18 cents for a hot dog. 7,000 hot dogs were sold last year at Lane Stadium for $3.00. So remember some extra change if you want a hot dog. $3.18, please.
With the economy still struggling, the City of Blacksburg will take all the money they can get. On the short list for improvements are road construction and stronger police force. If you've already done the numbers you might want to factor in the food and drinks sold to fans of men's and women's basketball, men's and women's soccer, wrestling, indoor track, baseball, softball and lacrosse.
Athletic Food Services is managed by Centerplate, a contracted private sport and entertainment, food and beverage company headquartered in Massachusetts. According to the contract VA Tech gets $500,000 guaranteed through 2012 and $525,000 in 2013.
Although there is nothing in state code that allows a state agency to collect a local tax, most on-campus food facilities collect 5% state sales tax on meals unless you have a student dining plan. The heat is coming from the town restaurant owners because they must collect 11% (5% state and 6% city).
The clear advantage is on-campus. Only two vendors besides Centerplate collect both state and local taxes (Seattle's Best and Subway).
The city and university have to have a strong working relationship to make it work best for both sides. Other projects they are collaborating on are the transit bus system and the new Center for the Arts.
Subscribe to Sport Venue News - Yardbarker by Email
Sign up for our FREE e-newsletter!