- Jun 11, 2014
- 16,754
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Founding Member
Coming from a banker perspective the recent SEC/ESPN announcement makes the facility improvements very easy to justify.
With interest rates at historical low's a $500,000,000 note would run around $2,500,000 per month or $30,000,000 year. The SEC/ESPN deal increases the SEC payout per team to $66,000,000 per year. It's a no brainier.
What on earth would make you think that UF would pay 6%. Institutional lending is dirt cheap right now. We stopped bidding on institutional months ago. I'd think the bonds at UF would start with a 2, but I'm not sure it wouldn't be lower.