Board passes $22M for stadium design

[Dave_Glaser]

USF approves $22 million to design Bulls’ on-campus football stadium

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The decision came during a vote at Tuesday’s board of trustees meeting.

 

[Bullrush33]

So we are paying $22 million just for the plans?

[GoBulls84]

So renders by next week, shovels in the ground by April. Got it.

[79 Bull]

$2 million dollar penalty per home game penalty if not open for '26 season.  $12 million in penalties seems really low if the stadium opens a year late.  This encourages the contractor to do a benefit/analysis on the futre purchase of materials.  It should be higher.

[350_BULL]

49 minutes ago, 79 Bull said:

$2 million dollar penalty per home game penalty if not open for '26 season.  $12 million in penalties seems really low if the stadium opens a year late.  This encourages the contractor to do a benefit/analysis on the futre purchase of materials.  It should be higher.

Agreed. That's weak sauce. This wouldn't even put a dent in their profit margin.

[mj796]

Do you have a lot of experience in construction contracts with specific monetary penalties for being late? If so, can you share what is more 'normal'?

[79 Bull]

I am not a contractor or a construction finance guy so I have no idea. Just a casual observer making comments. Probably stirring the pot, but it just sounds like a small amount.

[2000bull]

22 minutes ago, mj796 said:

Do you have a lot of experience in construction contracts with specific monetary penalties for being late? If so, can you share what is more 'normal'?

but he did stay in a holiday inn last night  

[Who'sYourData?]

23 minutes ago, 350_BULL said:

Agreed. That's weak sauce. This wouldn't even put a dent in their profit margin.

For a $200 mil stadium, the "profit" made by the firm that is subcontracting out all of the work cannot possibly be that high.  All the people they hire need to make a profit also, stadiums ain't cheap to build.  And $2mil is $2mil.  No one wants to pay that.

[USF_Bullsharks]

Ok so who is our official source for rendering leaks over the next 12 months?