I wonder if our little brother even understands the humor we find in his statement.
Now you've upset me.
I've been taking my boy to Color Me Mine every week to develop my skills and qualify for an advanced degree from CSU. You guys suck! Stop pissing on my dreams!
Overall, reading between the lines, it sounds like private donations
are not as settled as once thought. Further, it sounds as though CSU
season ticket holders are not enthusiastic about paying for premium
seating (Is this right?). Finally, it sounds like Frank has reasons
for pushing back the announcement, which usually has to do with $$$.
guarandamntee you Gasm is gonna be in here soon telling us all that the money is all there and this is all for politics.Sounds like the stadium meeting in fort fun didn't go as most would've hoped.
:lol:
guarandamntee you Gasm is gonna be in here soon telling us all that the money is all there and this is all for politics.
Either way, apparently quite a few people don't think much of their current situation.
http://bleacherreport.com/articles/1145292-power-ranking-all-124-college-football-stadiums/page/7
Not even top 115
Jellyderp Stadium
(Stolen from skiddy)
Either way, apparently quite a few people don't think much of their current situation.
http://bleacherreport.com/articles/1145292-power-ranking-all-124-college-football-stadiums/page/7
Not even top 115
Either way, apparently quite a few people don't think much of their current situation.
http://bleacherreport.com/articles/1145292-power-ranking-all-124-college-football-stadiums/page/7
Not even top 115
If revenue streams aren't sufficient, CSU would have to use general fund money to pay on the debt. At a July 31 public forum, Frank admitted that he was "struggling to figure out where my feeling is at on the financing issue." He emphasized that having to dip into the general fund would mean giving the go-ahead to the stadium project was a mistake. In a private interview afterward, Frank noted: "If you're saying we have the funding streams and we've got to backstop $10 million, $20 million, that's a very different proposition than if you have to backstop $120 million."
In the report issued last week, the consulting firms also identified additional sources of funding, including: corporate naming rights and sponsorships: $3.45 million to $4.8 million; premium seating: $3.7 million to $6.7 million; event, facilities development fee and other revenue: $440,000 to $4.4 million; ticket revenue: $4.3 million to $9.8 million; concessions, merchandise, tailgate and parking: $960,000 to $3.2 million.
Part 2 from Terry Frei
This one is a little more critical
In the report issued last week, the consulting firms also identified additional sources of funding, including: corporate naming rights and sponsorships: $3.45 million to $4.8 million; premium seating: $3.7 million to $6.7 million; event, facilities development fee and other revenue: $440,000 to $4.4 million; ticket revenue: $4.3 million to $9.8 million; concessions, merchandise, tailgate and parking: $960,000 to $3.2 million.
http://www.denverpost.com/csu/ci_21298620/csu-leaders-weigh-moving-forward-new-football-stadium
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Part 2 from Terry Frei
This one is a little more critical
http://www.denverpost.com/csu/ci_21298620/csu-leaders-weigh-moving-forward-new-football-stadium
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If I'm CSU I would take the low number off every projection, knock another 15% off it and that will give you an idea on how much you actually have.
Those are some wide ranges on additional funding. A $3mm in premium seat revenues, $2mm+ in tailgate/parking revenue, ticket revenue with a $5mm+ range, and the revenue stream Gasm is so fond of has a $4mm range for "other" revenue.
If I'm CSU I would take the low number off every projection, knock another 15% off it and that will give you an idea on how much you actually have.
Bottom line is CSU is still a long, long way away from making the new stadium a reality.
The AD who is driving this just wants his stadium built. He does not care if the university has to come up with an additional $10 or $20 million a year in AD funding in order to pay for loans. Simply does not care. He will use whatever projections he has to in order to sell his monorail.
So true. The question is if the University President whose job is to make sure it is feasible and responsible for the University as a whole will make the appropriate decision given all of the most accurate information available.
I just don't see how you are going to get any sort of significant income from moving the stadium on campus. Seems like BS to me. Only part of Folsom that is used regularly is the club box floor. That's it.I think the most important thing to come out of the meetings last week, is that it is going to cost roughly $130 Million to bring Hughes up to date. Upgrading Hughes without the ability to leverage additional revenue streams and facility uses would be far more risky. IMO. I have a feeling that is going to weigh heavily in any decision Frank makes. I just don't see how Hughes is a viable option at all at this point.
I just don't see how you are going to get any sort of significant income from moving the stadium on campus. Seems like BS to me. Only part of Folsom that is used regularly is the club box floor. That's it.
I just don't see how you are going to get any sort of significant income from moving the stadium on campus. Seems like BS to me. Only part of Folsom that is used regularly is the club box floor. That's it.
Again, I think the last concert at Folsom was now over 10 years ago. Residential groups just won't stand for it. And how will the on campus facility not be near homes? Other than football, Folsom gets maybe 10 uses a year. Maybe. And only a few of those actually generate revenue.They have talked about concerts, for example, in an effort to leverage the facility as best they can. Those are things that cannot be done at Hughes given its close proximity to residential homes. Plus you lose out on any opportunity relating to the preimium seating revenue.
I just don't see how anyone could possibly justify $130 million to renovate Hughes with no significant exapansion. That, to me, would be the worst possible decision the university could make.
They have talked about concerts, for example, in an effort to leverage the facility as best they can. Those are things that cannot be done at Hughes given its close proximity to residential homes. Most of the close proximity housing next to the newly proposed stadium is student based housing. Plus you lose out on any opportunity relating to the preimium seating revenue.
I just don't see how anyone could possibly justify $130 million to renovate Hughes with no significant exapansion. That, to me, would be the worst possible decision the university could make.