Viniks Give another $5m for stadium!

[Jim Johnson]

6 hours ago, bulloni said:

Sounds like you're familiar with the process. What if USF Health had training centers built into the stadium/lockers that could be used by students in a sports medicine program, would state funds then be eligible to build the locker rooms?

JSU is doing a stadium renovation right now that involves attaching dorms to the stadium and it looks like that got them 80 million, which they are using to expand the stadium as well. Wonder if we'll have any dorms attached, even if they're athlete only

Training centers from USF would be a stretch for the use of PECO funds.  They have to be generally available classroom or faculty offices. (Coaches are not faculty). 

FAU built their stadium along with a bunch of other buildings... that doesn't allow for state funds, but it makes debt service easier - the retail and residence halls can help offset the stadium revenue shortfall.

Basically when the state issues bonds for constructions - for any purpose - there has to be a source of revenue to pay the monthly payments... basically like a bank asks you to prove your income for a mortgage...

If we think about a stadium... there are various sources of revenue.  Some USF has already with RayJay - ticket sales, donor levels, some parking fees, limited advertising revenue (on the scoreboard or the banner wraps) - and others USF doesn't have - naming rights, fixed signage advertising, concessions, ticket surcharges, rental fees for other events.  Figure any existing revenue streams will be used for athletic operations, but the new revenue streams could be tapped into for deb service... and remember, USF has to pay interest on the bonds, like you do with a mortgage.

[DELdaBull]

Let's hit up these people

Check out this story: Seven Tampa Bay billionaires make Forbes' richest people list https://flip.it/M4SGTH from Flipboard.

[E.T.]

USF football stadium plans inching closer to goal line

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When it comes to the planning stages of an on-campus stadium at USF, there is now a potential location, a planning committee and two major donations to jumpstart the...

 

[bulloni]

Collin was breaking down how this will be funded on some daily stampede thing. Jim Johnsons breakdown of things seems pretty in line with what he was saying regarding CITF and what not.

Says in terms of fundraised cash we'll probably need around 50-60 million, not the whole 250 million. That seems obvious, just saw a lot of responses to the Vinik's donation on twitter of people saying "only 245 million more to go" and sentiment that USF will never get this fundraised

 

[E.T.]

2 hours ago, DELdaBull said:

Let's hit up these people

Check out this story: Seven Tampa Bay billionaires make Forbes' richest people list https://flip.it/M4SGTH from Flipboard.

Hair Care guy dropped outta High School. Congrats to him!

[86atlbull]

I recall hearing that there was $10M in the bank for the football operation building when it was separated from the IPF.  So with the two $5M donations we should have $20M for the stadium / football operation facility.  $50M sounds about right for the private donation goal to get the project started so $30M to go.   

[NewEnglandBull]

Ok, how do we get to $50 mil? 

[Friscobull]

35 minutes ago, NewEnglandBull said:

Ok, how do we get to $50 mil? 

We could all chip in 50 bucks like the IPF, we raised 3 or 4K that way. We would then only need 49,999,996,000 more, who is with me.