FSU announces $65 million stand-alone football facility
- Thread starter BMF
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- Apr 17, 2018
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It is the best long term UF decision. Mac's 3 story facility at the opposite end of the practice field would be less efficient. Building taller is more expensive and harder to get around. The planned new 2 story facility will be 30,000 feet bigger than Mac's and the new one will be attached to the Indoor Practice Field unlike Mac's. More efficient long term.
The NCAA limits your time with the athletes and this configuration will save time. UF football's land footprint will now be much larger. More important to have the football facilities near the Swamp than the baseball facilities.
UF football will no longer be crammed next to the baseball field like FSU. UF could possiby build a nice athlete dorm right next to the stand alone facility in the future in that small park. area. UF already has the parking garage nearby. FSU is having to cover existing parking areas to build their facility WHEN they get the money.
Plus our national champion UF baseball team will get a much bigger footprint and we catch up with the other top SEC teams in baseball facilities. Plus UF baseball fans no longer will be looking into the sun for entire games and baseball will have an extra field on the side for warm ups.
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- Apr 17, 2018
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They got the money from crook Al Dunlap. Being Criminoles they don't mind having a crook's name on their IPF. Supposedly he is a pain in the ass to deal with when he attends FSU games and wants to be treated like a King.
Albert John Dunlap (born July 26, 1937[1]) is an American disbarred corporate executive. He is best known as a turnaround specialist and professional downsizer, although it was later discovered that his reputed turnarounds were elaborate frauds. The ruthless methods he employed to streamline failing companies, most notably Scott Paper, won him the nicknames "Chainsaw Al" and "Rambo in Pinstripes". However, his career was effectively ended after he engineered a massive accounting scandal at Sunbeam Products, now Sunbeam-Oster, that ultimately cost that company its independence. He is barred from serving as an officer of a publicly traded corporation in the United States. His widespread layoffs and accounting frauds have put him on several lists of worst CEOs.
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Does FSU have the money now? Doubt it after seeing their President talk. This is just a wish list for FSU.
FSU prez opens up about facilities, Fisher
" Thrasher said Thursday in an interview with The Associated Press. "I'm OK with that to a point but I'm also not going to put Florida State at risk in terms of debt and the responsibility to other programs. Him and I had an understanding about that."
They will move when they get the alum money. Easier said than done.
FSU prez opens up about facilities, Fisher
" Thrasher said Thursday in an interview with The Associated Press. "I'm OK with that to a point but I'm also not going to put Florida State at risk in terms of debt and the responsibility to other programs. Him and I had an understanding about that."
They will move when they get the alum money. Easier said than done.
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- Jun 9, 2014
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Yeah but we've been saving money instead so we're going to be better when the Great Recession comes and Trailerbama goes out of business.
- Apr 17, 2018
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On March 6, FSU's Board of Trustees unanimously approved issuing up to $85 million in bonds to pay for an anticipated $79.5 million project to add a new premium outdoor seating section, make structural repairs, repaint the stadium and the update sky box suites.
https://www.tallahassee.com/story/s...nning-doak-campbell-stadiums-future/25094325/
- Apr 17, 2018
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We dont save all our profits. We either give our over flow profits to the University to make UF better academically or put it in the recent upgrades or coach expenses. We do have conservative reserves as the UAA is run like a business and not like a spendthrift government. UF does take on less debt which does pay off when you hit a recession.
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- Jun 9, 2014
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Exactly! We were the only football program to make it through the last eight years of recession!
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Around every ten years the US gets another liquidity crisis and the last one was 10 years ago. The problems are getting worse over time as the global debt bubble is off the charts. Fortunately the UAA spends like business men and not politicians. How much debt and reserves you have when it hits counts.
We are spending now so it is not like we are idle. We just do it with less debt. UGA has also done things with less debt and they are very healthy. The key is hire the right head coach. Because UF was not in high debt we could financially survive our last 2 failed coaching hires and still give money to the school and add an IPF, Athlete academic center and do an over due major renovation of the O'Connell center.
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- Jun 9, 2014
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Oh so it isnt a Great Recession we are worried about but a Really Really Great Recession?
We are ready for that.
We are ready for that.
- Jun 9, 2014
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I've read that last graph three times and I still don't know what you're trying to say.
- Apr 17, 2018
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If you think like a politician borrowing and spending other people's money this is foreign to you. Off the chart central bank borrowing has put things off the last 10 years.
The central bankers are running out of juice. The amount of bonds the Italians are having to buy to keep their rates down continues to grow. It will start in Europe and Emerging markets first but the whole world is linked and it will eventually hit us.
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Of course not. Bankers have been doing this for centuries. They put the loans out with low rates then bring the loans back in with higher rates. When the suckers who over borrowed cannot pay they lose their assets which the bankers pick up for pennies on the dollar. Rinse recycle.
Sports is discretionary spending behind things like food and shelter and when people cut back on contributions to the school it makes it harder to cover a big debt service and the program has to cut back on expenses which hurts recruiting. The smart football programs with reserves and manageable debts will prosper while others suffer.
UGA has very manageable debts and strong reserves so they will likely thrive when hard part of the cycle repeats. FSU will have issues especially if they borow again for their stand alone facility.
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- Jun 14, 2014
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All this expansion is to accommodate the uptick in attendance from "the coming of age" of so many illegitimate children of former Nole players.
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FSU is more out of the way and you need to get a hotel to see games and they are not cheap. A recession will push people towards watching the game on TV and not contributing. The new tax law takes deductibility away from seat donations which is another straw on the back of big stadium debt.
- Jun 14, 2014
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And do the expansion-minded ever give such thinking sway ?
- Apr 17, 2018
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Governments borrow with no intentions of paying back. The UAA is private and has to pay back.
- Jun 14, 2014
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Wouldn't the State Gov be committing fraud dishing out taxpayers' funds for stadium expansions ?
Those are bottomless pockets. So, there should never be much of a hold up on starting expensive constructions --
except for the generic holdup that most Govment expenditures are.??
Those are bottomless pockets. So, there should never be much of a hold up on starting expensive constructions --
except for the generic holdup that most Govment expenditures are.??
