re: Yulman Stadium Capacity-24,000

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a. I don't need to prove anything

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Wasn't asking for you to prove anything, just want to know where you are getting your information.

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b. it's low compared to about every other stadium that has been built from scratch and many other facilities projects that are usually 100% bonded out, guaranteed by future revenues.

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Thanks for bringing some figures and specific examples to back this up.

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It easily pays for itself, paid primarily through donated money, secondarily through suites and seat sales that require 2K donations, although it obviously infuriates you that it does

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Calm down guy, I'm not infuriated. To me, there looks to be at the minimum of a $25M deficit. If its not collected, it is already paid for with borrowed money, which will therefore need to be paid back. That's all I am trying to say. And since there is a shortfall, thats nearly $50M in borrowed funds, at an interest rate of nearly 4% that has not been paid back before they even play a game.

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And even if there was zero donations, it wouldn't be a strain.

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Right, a 24k seat stadium that costs $75M, that houses an historically shitty football team, won't be a financial strain, because its got some suites that require $2k donations. I was giving you the benefit of assuming you might know what you are talking about, but that statement is ridiculous.

And I hate to break it to you, but all those revenues will have to cover operating expenses as well. Its not like they just built this cash cow on campus that is nothing but profit rolling in.

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The 40-50 Million was collected/pledged over a year ago.

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Big difference between pledged and collected.

I'm sure a project that went 50% over budget is no biggie. Its not like they thought about the investment cost when comparing to potential revenues.

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Indeed, 25 million is no strain at all with a billion dollar endowment.

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Yeah, go ahead and sell some of those restricted assets to cover that cost. Its all just money right?

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But beyond some basics, schools bond out their projects, usually on the come with future revenues.

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You do understand this is exactly what Tulane did, right? I mean you have said as much in previous posts. They have spent money they borrowed which they are hoping to pay back with future collections on pledges.

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Their ticket sales were 2.5 mill last year even with their 20K attendance. Run those numbers.

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Can you run them for me? I'm not sure what you are getting at.

Look, for the last time, I believe there will be a deficit between pledges received and the cost of the project, the remainder is made up of debt. You initially said there would be no debt service, I was simply arguing that there will indeed be debt service, based upon what we know now.

The project also went over budget. This means more than expected borrowed cash will need to be used for the stadium. Just bc Tulane has a $1B endowment does not mean they don't have other debts and are just swimming in cash. I take it that you know about the other major projects going on uptown and the failing hospital system.

I live a half mile from the stadium; I think it is great that Tulane is going in this direction to make progress for their football program. I have no quarrels with their decision to build, and it really barely effects my life at all.

Also, just because you have a T next to your name does not mean you are the only one with any knowledge of the University.

One last thing, you gonna be sitting in those $50k skyboxes?

We would do a one year in Tiger Stadium and a return in the Superdome since our home stadium is to small for the expected LSU and Tulane fans only when we enter the top 25 teams in the nation in the next 2 to 3 years. We need and want to be competitive before we play LSU.

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No it had more to do with the neighbors initially complaining about non-Tulane events being held there and "strangers" wandering their neighborhood

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NIMBY's won't complain if Brother Martin plays Jesuit there

It's going to be a nice stadium for the high school soccer finals

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I still think if tulane ever hosts another powerhouse, it has to be in the Dome. p5 programs won't agree to play there

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they already have two games w/Georgia Tech, one w/Duke, and one w/Wake Forest set up for Yulman.

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Bc when i think of the big boys i think of duke and wake forest....

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Who gives a shite what you think about their programs?

Like it or not, they are P5 teams which means you were flat wrong about saying they would not agree to play there.