re: LSU AD Clearly Does Not Understand Economic Substitution: Parking

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And you are incorrectly assuming everyone is going to substitute LSU related expenditures to make up for the ne cost.

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I understand that it won't be everyone. Was simply making the point that it won't be a complete revenue generation to make up for these "budget cuts".

Life ain't fair sometimes. Lol. It's ironic how you only cry that bullshite phrase out when it doesn't affect you or if it doesn't bother you. Most of the people on this board are Republicans. I'm assuming if you had to pay for my healthcare then I should just be able to tell you to shut the hell up because life ain't fair sometimes.

LSU is making PLENTY of money and it is a travesty that they take it out on football fans to supplement other failures across the university budgets.

Here's a thought, quit giving HUGE raises to coaches who underperform! (GC for one)

And also, NO DOUBT concession sales could be raised 50% if we would get better service and get in and out of the shoebox restrooms.



There is not enough business logic being applied here. Sooner or later fans will simply stop coming unless it is a huge game and this will hurt overall attendance which will paralyze the revenue.

How many people you think are gonna leave their home to go watch LSU play ULM if they know parking will set them back AT LEAST $20? It will take the casual fan out of the game and therefore lower ticket sales and concession sales , etc.

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There is not enough business logic being applied here. Sooner or later fans will simply stop coming unless it is a huge game and this will hurt overall attendance which will paralyze the revenue.

How many people you think are gonna leave their home to go watch LSU play ULM if they know parking will set them back AT LEAST $20? It will take the casual fan out of the game and therefore lower ticket sales and concession sales , etc.

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After reading this, I have a few questions for you:

1. How much money did LSU make off of John Doe and his 60 person tailgate if none of the members go into the game?

2. LSU will continue to sell out the stadium for a long, long time. Ticket sales account for the largest portion of their per game revenue. While they will surely miss the concession sales if there are empty seats, those empty seats were still a paid ticket. Do you know how much the net profit was for the ULM game, despite the low stadium attendance?

3. You talk about the casual fan of the game. How much money do you think LSU is making off of the casual fan? The casual fan does not have season tickets. The casual fan will STILL buy the LSU sweater at Wal-Mart. The $20 fee is not going to stop the revenue streams from the casual fan.

4. Are you trying to say that LSU athletics will take in more or less revenue next year?

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After reading this, I have a few questions for you:

1. How much money did LSU make off of John Doe and his 60 person tailgate if none of the members go into the game?

2. LSU will continue to sell out the stadium for a long, long time. Ticket sales account for the largest portion of their per game revenue. While they will surely miss the concession sales if there are empty seats, those empty seats were still a paid ticket. Do you know how much the net profit was for the ULM game, despite the low stadium attendance?

3. You talk about the casual fan of the game. How much money do you think LSU is making off of the casual fan? The casual fan does not have season tickets. The casual fan will STILL buy the LSU sweater at Wal-Mart. The $20 fee is not going to stop the revenue streams from the casual fan.

4. Are you trying to say that LSU athletics will take in more or less revenue next year?

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ITs a very poor business model you are folowing. If you are correct, than they should charge $100 per car. What's teh difference. Your thought process is price increases don't matter. Hmmmmm. You just took the demand out of the supply and demand logic that every single business in the world follows and it is simply fact that as price rises demand decreases after some point.
And your half assed assessment of the 60 man group tailgating would make sense if they were the only ones having to park.

So in short, if your logic holds true, they can charge $25 per car for people to attend girls volleyball games and it not effect attendance? Or any other LSU sport for that matter.

Im saying that the football tradition is so great because it is accessable to so many fans in so many ways. If the university continues to take every one of those many ways, it sooner or later will show up in a big way.

And I think revenues will go up next year becasue of this, but it will increase per fan also which will cause may fans to think twice before buying more expensive LSU products.

And yes, wehn a game like McNeese is televised and a "casual" fan can stay at home even though the tickets are bought, ABSOLUTELY parking prices will factor into that decision to go or stay and therefore other areas will lose out on revenue.

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Posted by bee Rye
I am just wondering how poorly run all these tailgates are that they can't afford to pay for the parking. our tailgate is looking like we will end the year with a $2000 surplus. shouldn't be that hard to cover costs to park a few trailers

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Yoy guys charge your guests?

We spend all of our money budgeted.

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If you are correct, than they should charge $100 per car

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If they thought they could charge $100 per car before demand starts to drop faster than the price increase, they would.

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ITs a very poor business model you are folowing

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Are you kidding me? Why do you think utilities are regulated? It is because they are very few suppliers and demand is relatively inelastic. That means that, if left unregulated, the customers would be at the mercy of whatever cost the utilities charged since there are no alternatives.

LSU's parking prices are not regulated, therefore they can charge whatever they want per spot. The $40 and $20 prices are nice round numbers, but they are very near what LSU believes is the cost that will maximize profits. Surely there will be a few people that do not pay the fees, but if you think these prices are going to make the lots look like a graveyard then you are naive. Realistically, there may be a 20% drop off in tailgating for the affected areas. LSU will more than compensate for that lost revenue with the new fees. Even if you buy less beer or meat in order to afford the price, LSU was not making any money off of that beer or meat anyways, so they will still profit.

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So in short, if your logic holds true, they can charge $25 per car for people to attend girls volleyball games and it not effect attendance?

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Not even close. I have never seen someone tailgating for an LSU volleyball game. They give you free admission to the games if you bring your football ticket stub. LSU knows that the demand for volleyball games is very sensitive, or elastic. Therefore, there is not much LSU can do in order to increase the revenue from volleyball. Football is completely different. There is significant portions of untapped revenue for football games that LSU will now try to capitalize.

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Im saying that the football tradition is so great

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If it is so great, people would carpool and split the $20 4 ways. Honestly, if it is that enjoyable and it is such a tradition, its amazing that it would all vanish if people had to pay $20 bucks for it. It must not be THAT great.

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If the university continues to take every one of those many ways, it sooner or later will show up in a big way.

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Lets say you are right and that tailgating will plummet next year. How much of that will affect LSU's pocketbooks? Not much. How much money did LSU make off of your BBQ pit, charcoal, propane burner, 100 lbs of ground meat, 8 kegs, 4 tents, and 40 lawn-chairs? None. How much money did LSU make when your wife came by to eat with the kids on a Saturday afternoon? None. If NO ONE tailgates for a game, not one person, how much money do you think LSU would lose? None. In fact, the money they save from trash clean up probably leaves them with a higher profit once you deduct loss sales form vendors outside the stadium. LSU knows this. They know that NO ONE is going to stop buying season tickets because of a parking fee. They know that NO ONE is going to stop being a fan of the team because of a parking fee. LSU will have the same amount of fans next year, if not more. LSU will sell the same amount of merchandise nationwide, if not more. LSU will have the same amount of ticket sales revenue per game next year, if not more. LSU will now have roughly $350,000 of per game income from parking fees in 2011. If you think that is a terrible business decision, I hope you do not run a company, especially a publicly traded company. If your real world identity is discovered, your company's stock price would plummet if investors found out that you are not profit-driven.

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And yes, wehn a game like McNeese is televised and a "casual" fan can stay at home even though the tickets are bought, ABSOLUTELY parking prices will factor into that decision to go or stay and therefore other areas will lose out on revenue

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Not exactly LSU's problem, now is it?

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If LSU knows that nobody is going get rid of their tickets because of a parking fee, why not put the fee on season ticket holders for everyone. Including the reserved seats that fraternities get. Give the season ticket holders a pass good for all of the games. Anyone who doesn't have a pass to park in the designated lots pays $10.

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Why don't you run that idea by the LSU AD.