Knightfan41 Posted March 18, 2013 Group: Member Topic Count: 9 Content Count: 83 Reputation: 26 Days Won: 0 Joined: 07/21/2003 Share Posted March 18, 2013 Now that the Big East is dead and dreams of a lucrative television deal with it, how is the $35 million Sun Dome makeover going to pay for itself? Rent it out for birthday parties. Search for an upcoming televangalist to lease it to for Sundays. Trampolines: Jump in the Sun Aftercare facility. 3000 3-7 graders hooping and hollering. Car shows every 3rd Saturday Battle of the Bands Venue Any ideas? I'm really hoping USF takes a significant portion of the windfall we are receiving from the defections and uses it to pay down debt. That being said, I don't know how much debt USF Athletics has, but I think it would be smart to reduce it as much as possible. We may be having some long years ahead and having some potentially big bills raking up and needing to be paid may not help us much. Debt is extremely cheap at the moment. USF should be leveraging it up, not paying it down. One caveat, though. Any assets taken on with debt must create their own revenue streams to pay off that debt. This ^^ Only they will secure the debt with future increases in student athletic fees, so there will always be an income stream for this. Link to comment Share on other sites More sharing options...
BaltoBull Posted March 18, 2013 Group: Member Topic Count: 35 Content Count: 490 Reputation: 13 Days Won: 1 Joined: 07/19/2006 Share Posted March 18, 2013 (edited) Aren't USF's student athletic fees like, amongst the highest in the nation? In the top 10, right? Will the debt secured with future increases in student athletic fees be worth it if we ultimately don't land in a 'power' conference? What will everyone be saying about Doug Wollard, about the administration and about athletics in general if we continue to pay higher fees than most, including 'power' schools, are we are where we are in a non-power conference, respectively and without an OCS? I'm not trying to be difficult, I guess I'm just playing a little more conservatively. Edited March 18, 2013 by BaltoBull Link to comment Share on other sites More sharing options...
wiltznucs Posted March 19, 2013 Group: Member Topic Count: 7 Content Count: 60 Reputation: 11 Days Won: 1 Joined: 09/06/2011 Share Posted March 19, 2013 Pretty funny.... Perhaps we can host an NCAA regional as clearly home field advantage isn't going to be a problem.... Link to comment Share on other sites More sharing options...
cmhatter Posted March 19, 2013 Group: Member Topic Count: 576 Content Count: 8,174 Reputation: 268 Days Won: 6 Joined: 09/02/2007 Share Posted March 19, 2013 pull a cypress and sift 10% off of all donors savings accounts Link to comment Share on other sites More sharing options...
Skingraft Posted March 19, 2013 Group: Member Topic Count: 743 Content Count: 13,357 Reputation: 2,482 Days Won: 63 Joined: 12/11/2006 Share Posted March 19, 2013 pull a cypress and sift 10% off of all donors savings accounts Lol... Already called that one... I like the way you think sir Link to comment Share on other sites More sharing options...
cmhatter Posted March 19, 2013 Group: Member Topic Count: 576 Content Count: 8,174 Reputation: 268 Days Won: 6 Joined: 09/02/2007 Share Posted March 19, 2013 lol i just read through.... nice Link to comment Share on other sites More sharing options...
USFishin Posted March 19, 2013 Group: Member Topic Count: 584 Content Count: 2,277 Reputation: 13 Days Won: 0 Joined: 07/10/2003 Share Posted March 19, 2013 Wasn't most or all of the money used for the renovations raised prior to them starting? Link to comment Share on other sites More sharing options...
Mike Stuben Posted March 19, 2013 Group: Member Topic Count: 74 Content Count: 2,468 Reputation: 1,139 Days Won: 19 Joined: 04/08/2012 Share Posted March 19, 2013 Wasn't most or all of the money used for the renovations raised prior to them starting? No. Some donations covered some of the other facilities (but they were still mostly debt) I do not believe any of the Sun Dome money was in place prior to construction, I think the increased revenue and naming rights were the plan to pay for the Sun Dome. Link to comment Share on other sites More sharing options...
Gismo Posted March 19, 2013 Group: Member Topic Count: 417 Content Count: 9,688 Reputation: 1,237 Days Won: 8 Joined: 09/24/2009 Share Posted March 19, 2013 WWF! Lol they actually have this at Texas A&M Arena every year. I remember the SunDome always having some MMA fights when I was at USF. Link to comment Share on other sites More sharing options...
mviusa Posted March 19, 2013 Group: Member Topic Count: 5 Content Count: 751 Reputation: 17 Days Won: 2 Joined: 06/23/2012 Share Posted March 19, 2013 (edited) Wasn't most or all of the money used for the renovations raised prior to them starting? No. Some donations covered some of the other facilities (but they were still mostly debt) I do not believe any of the Sun Dome money was in place prior to construction, I think the increased revenue and naming rights were the plan to pay for the Sun Dome. USF contributed $8.5 of the $35 million renovation.from auxiliary reserves. Edited March 19, 2013 by mviusa Link to comment Share on other sites More sharing options...
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