(01-12-2017 09:46 PM)billybobby777 Wrote:  

(01-12-2017 04:20 PM)panama Wrote:  

(01-12-2017 12:15 PM)billybobby777 Wrote:  

(01-11-2017 11:33 PM)panama Wrote:  No, really asking. I can see if we had to raise $x for phase I and phase ll, but the Foundation is writing a check. Now we do go before the BOR to have phase ll approved this fall, but they generally concern themselves with can the school afford the cost. Shouldn't be a problem since the real estate purchase and stadium renovation combined for both phases will cost less than $75M.


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I've been doing this for a long time and you wouldn't believe how many paintings and water color sketches of proposed Stadiums/Arenas/campuses I've seen over the years. Over the past 20 years 95% of those have not actually happened. I won't name the schools that were unable to get funding for their plans as their fans will be offended, but off the top of my head I can name several schools who put big facility plans on the news and internet and quietly faded away when they weren't able to fund those plans. Recently: Houston got it done. Nice 40k OCS. Tulane' orginal ideas (paintings, sketches, capacity) don't match the end result, but they have a nice OCS that sits around 25k. Colorado St is the next school to unveil a new OCS. I could be wrong, but I think they are putting as much as 200 or 300 million into it. It's scheduled to start hosting games next year and dill seat around 35k I think. 40k max. . Those are samples of the recent successes. It's very hard to get it done. San Diego St will finally be in a position to get an OCS built now that the Chargers are leaving. Mighty Miami plays in the Dolphins stadium, they can't afford an OCS. Pitt plays with the Steelers. Temple and USF and UAB have wanted OCS's for a long time, but haven't been able to do it. You say it shouldn't be a problem for you guys because the total "cost of the renovation and real estate purchase combined costs less than 75 million" I would say 75 mil is a lot of money, and are you certain it's not going to be more than 75 million? Are their any fees/taxes in there? Do students have to pay any fees for this? Essentially, who's paying the bulk of the 75 million?

Cheers!

No fees. No taxes. Nothing from students. The first check was already written to purchase the stadium and property for $30M. The first Phase breaks ground next month and we are playing there on Sept 2nd with 23K seats. As I said the only possible hiccup would be from the BOR this Fall for Phase II after the season. But the funding is coming from the Foundation and is in place. I agree there are a great many schools who have put out renderings and nothing happens. The difference in this case is that its a renovation of an existing building, the funding is in place and there is pressure from the city and state to build out all 67 acres of this property ASAP.

Who is paying for it? Who's name is on the check that was written for $30 million?
Cheers!