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Started By
Message
Days after LSU’s credit outlook lowered, national investors pull out of bond sal
Posted on 4/24/15 at 4:32 pm
Posted on 4/24/15 at 4:32 pm
LINK
quote:
Updated at 1:28 p.m. — Funding for a new student health center and residence halls at LSU has been threatened amid a state budget crisis that has put Louisiana colleges and universities at risk of deep cuts in the coming year.
National investors pulled out of a large portion of a $114 million bond deal for LSU this week, citing concerns over LSU’s financial outlook, according to state Treasurer John Kennedy.
“We’re trying to sort out the facts. This is obviously not a welcome development,” Kennedy said Friday in a news release. “It could have ramifications for other universities in Louisiana and for the state’s overall bond rating, and it could impact the interest rate on future state bond issues, including an upcoming $300 million state general obligation bond issue.”
LSU, meanwhile, has blamed “inaccurate media reports” for the fallout. This week, inaccurate reports circulated that LSU had begun the paperwork for exigency, a process that is the functional equivalent of academic bankruptcy. LSU President and Chancellor F. King Alexander said in a statement Wednesday that the university had “decided to begin contingency planning for exigency” because of the potential budget threat. Other higher education leaders also said they also were examining the process out of caution.
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Posted on 4/24/15 at 4:32 pm to Jim Rockford
:itshappeninggif:
Posted on 4/24/15 at 4:37 pm to Jim Rockford
tDecline is real.
Posted on 4/24/15 at 4:38 pm to Jim Rockford
that is what they get for acting like they are going to file for bankruptcy...
wow...they let they let that girls underarm show...
wow...they let they let that girls underarm show...
Posted on 4/24/15 at 4:39 pm to Jim Rockford
I bought LSU when it was 14 cents a ton
Now it's 16 cents a ton
That's a profit of... Well you figure it out
Now it's 16 cents a ton
That's a profit of... Well you figure it out
Posted on 4/24/15 at 4:40 pm to Jim Rockford
F. King Alexander has no one to blame but himself. He spent so much time exaggerating and fear mongering that he scared away his own investors. The guy is an absolute clown.
Posted on 4/24/15 at 4:43 pm to Jim Rockford
Fire Les Miles
Hire rookie coach
Save ~4 million/year, apply that towards general funding.
Raise football ticket prices by $10, apply that towards general funding.
Raise tuition $100 per student.
Problem solved. Better solution than screaming scare tactics in every microphone in the state when it's really not as draconian as he's making it out to be.
Hire rookie coach
Save ~4 million/year, apply that towards general funding.
Raise football ticket prices by $10, apply that towards general funding.
Raise tuition $100 per student.
Problem solved. Better solution than screaming scare tactics in every microphone in the state when it's really not as draconian as he's making it out to be.
This post was edited on 4/24/15 at 4:45 pm
Posted on 4/24/15 at 4:43 pm to kingbob
quote:
F. King Alexander has no one to blame but himself. He spent so much time exaggerating and fear mongering that he scared away his own investors. The guy is an absolute clown.
No shite, run around like chicken little claiming you are bankrupt then act surprised when no one wants to lend you money. fricking genius he is.
Posted on 4/24/15 at 4:46 pm to Horsemeat
quote:
Save ~4 million/year, apply that towards general funding.
I'd be insanely surprised if monies collected by the TAF and such for sports weren't barred from being used for this kind of situation.
Posted on 4/24/15 at 4:47 pm to kingbob
Solid post
Posted on 4/24/15 at 4:47 pm to Horsemeat
quote:
Fire Les Miles
Hire rookie coach
Save ~4 million/year, apply that towards general funding.
wrong....
his salary paid by tax payers is only $300,000...
Posted on 4/24/15 at 4:48 pm to Horsemeat
quote:
Fire Les Miles
Hire rookie coach
Save ~4 million/year, apply that towards general funding.
Sure Les would be cool with letting LSU keep the money left on his contract.
Posted on 4/24/15 at 4:51 pm to Horsemeat
quote:
Horsemeat
You so dumb.
Posted on 4/24/15 at 4:51 pm to Jim Rockford
First of all...the funding was for a student health center, family dorms, and the like. Hardly essential things that have to be done....
Second of all, like I said would happen, Alexander and his sky is falling bullshite won't get him what he wants AND it's hurting the unversity...anyone still wanna claim he's right to do what he's doing? Dude is an arse clown.
Second of all, like I said would happen, Alexander and his sky is falling bullshite won't get him what he wants AND it's hurting the unversity...anyone still wanna claim he's right to do what he's doing? Dude is an arse clown.
Posted on 4/24/15 at 4:51 pm to Horsemeat
(no message)
This post was edited on 10/20/21 at 1:03 pm
Posted on 4/24/15 at 4:52 pm to The Pirate King
Were those the new dorms that were supposed to be part of the Nicholson Gateway project? If so, it's a pretty big deal.
Posted on 4/24/15 at 4:53 pm to Horsemeat
I just had to go back to this.
Les has a massive buy out, honestly it's one of the reasons he's still LSU's coach.
If you fired Les and hired a rookie coach, there's a huge chance people would boycott the season.
Boosters would pull back their donations, you would never get another solid coaching hire, assistant coaches would probably all leave, and you'd put LSU football, and all the sports that rely on the monies, almost out of business for atleast 15 years.
This has got to be one of the stupidest things I have ever read on this site.
quote:
Save ~4 million/year, apply that towards general funding.
Les has a massive buy out, honestly it's one of the reasons he's still LSU's coach.
quote:
Raise football ticket prices by $10, apply that towards general funding.
If you fired Les and hired a rookie coach, there's a huge chance people would boycott the season.
Boosters would pull back their donations, you would never get another solid coaching hire, assistant coaches would probably all leave, and you'd put LSU football, and all the sports that rely on the monies, almost out of business for atleast 15 years.
This has got to be one of the stupidest things I have ever read on this site.
Posted on 4/24/15 at 4:54 pm to The Pirate King
quote:
Dude is an arse clown.
While I agree that this isn't setting up in his favor. What does that make Jindal?
Posted on 4/24/15 at 4:56 pm to Jim Rockford
LSUsual
Posted on 4/24/15 at 4:57 pm to The Pirate King
quote:I'll claim it if it'll piss you off.
anyone still wanna claim he's right to do what he's doing?
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