The University of Minnesota has reworked its contract with concessionaire Aramark after taking plenty of criticism for losing money on alcohol sales at TCF Bank Stadium last year, the Star Tribune reports.
Despite generating nearly $1 million from selling beer and wine at the four-year-old football stadium for the first time last season, the school lost nearly $16,000.
University officials told the newspaper the new tentative agreement would raise the university’s percentage from 22.5 percent of net sales to 35 percent of net sales up to $475,000 and 40 percent of sales above $475,000 in the stadium’s general seating area.
Under the new contract, the school says it would make $110,000 this football season based on last year’s sales.
Aramark also pledged a one-time $37,000 payment to help erase the U of M’s first-year losses.
