OCS Revenue?

[Cow Pie]

 

 

Dang, another OCS thread, just what we needed.

In case you were not sure, USF does not equal UF.

To think moving to an OCS would help us is crazy. We had 22k at a home game in RJS so taking on $150M in debt to support 22k attendees is an idiodic move. Just saying.

Wish these stupid OCS threads would die. And this one wasn't even from one of the trolls from the east.

I have to tell you that MANY kids base part of their decision on where to go to college on what the "experience" is like on campus. The excitement level during the football season appears much greater at more traditional schools (FSU, UF, UGA, Ole Miss, Auburn, etc) that have an OCS than at USF. During the week there are events at the stadium, you can "hear" it all over campus, etc. I've taken both my kids on visits to these schools and that was their comment. Sure, there are TONS of other reasons but having a few drinks before the game and walking over to the stadium is pretty cool.

Just trying to show a little different perspective on the benefit of an OCS as a tool to attract students.

The schools you mention have 50 - 100 years of football tradition. Those campuses have a lot more than USF and it isn't just an OCS, when looking at tradition. We are a young university with an even younger football program. Not apples to apples.

Furthermore, we have over 45k students and are top 13ish for total enrollment in US. We are not having any problem attracting students. And students don't pay for OCS, donors and athletics revenue does. Don't see any of the reasons stated which truly apply to our situation.

 

 

A fair amount of student fees go into the construction of stadiums. They would pay of a small % of it.

[Sellular1]

Dang, another OCS thread, just what we needed.

In case you were not sure, USF does not equal UF.

To think moving to an OCS would help us is crazy. We had 22k at a home game in RJS so taking on $150M in debt to support 22k attendees is an idiodic move. Just saying.

Wish these stupid OCS threads would die. And this one wasn't even from one of the trolls from the east.

I have to tell you that MANY kids base part of their decision on where to go to college on what the "experience" is like on campus. The excitement level during the football season appears much greater at more traditional schools (FSU, UF, UGA, Ole Miss, Auburn, etc) that have an OCS than at USF. During the week there are events at the stadium, you can "hear" it all over campus, etc. I've taken both my kids on visits to these schools and that was their comment. Sure, there are TONS of other reasons but having a few drinks before the game and walking over to the stadium is pretty cool.

Just trying to show a little different perspective on the benefit of an OCS as a tool to attract students.

The schools you mention have 50 - 100 years of football tradition. Those campuses have a lot more than USF and it isn't just an OCS, when looking at tradition. We are a young university with an even younger football program. Not apples to apples.

Furthermore, we have over 45k students and are top 13ish for total enrollment in US. We are not having any problem attracting students. And students don't pay for OCS, donors and athletics revenue does. Don't see any of the reasons stated which truly apply to our situation.

A 17 year old kid doesn't give a crap about that. Only what's happening on campus. BTW, USF has 50 years of tradition, and 15 years of football.

[IncrediBULL]

Tiny portion at best, which is for the free price of admission that USF allows. They do it today too. Point being, it is extremely small. Stadium funded by donations, bonds and loans (against potential future surplus)

[Damon]

 

 

Since you brought up UF, how much debt do you think they have on the Swamp?  How much debt would we have with our own OCS?  I assure you it would be a hell of a lot more than UF.

 

They probablly pay a fraction in upkeep of the Swamp, as we do in rental fees and lost revenue to the TSA to play in Rutgers Stadium.

 

Also we are leasing space at Ray Jay vs buying something outright, paying it off, and owning it.

 

 

 I agree .... renting sucks. We should be in the business of flipping stadiums.

 

This was absurdly funny to me. 

[Dogma]

I know they haven't done it with the Sun Dome because USF doesn't own it, but another factor to consider in helping to pay off any financing of an OCS is that we could easily sell naming rights for a couple of million a year.  Throw in the ability to rent it out to the FHSAA for high school games, playoffs, state championships too.

 

I don't know how/why this became conventional knowledge or how it originated, because I've heard it several times here in the past.  But:

 

USF OWNS the Sun Done.

It is managed by Global Spectrum

[JTrue]

I'm not sure about the financing for something of this magnitude, but using simple amortization, financing $150 million, for 30 years, at 4% interest would require $8.6 million a year in debt payments.

We wouldn't need to finance anything... last season USF brought in $600 million in donations, which adds to the billion or so they have in the bank.

We have the $$.

Those donations were for a variety of areas. Don't you think that if we had $200 - $300 million available to us for a stadium, we wouldn't jump on it? If we didn't have to finance any of it, then yes, you're correct, it would be better than what we currently have.

Well we can borrow the money from ourselves... USF has done this before. I know they have and was told that they do it from time to time on special projects, as long as they can pay it back. They borrow the funds from themselves to pay for a capital project and then repay it over X amount of fiscal years.

That X in your equation is about 50 years, at best. Not happening.

We collected $600 million in one year... we can do it again, especially with sponsorships and such.

The Unstoppable Campaign you're referring to started when you were in elementary school. So it was $600+ million in 8 years. You just missed on the facts for that one.

[Dogma]

 

 

 

 

 

 

I'm not sure about the financing for something of this magnitude, but using simple amortization, financing $150 million, for 30 years, at 4% interest would require $8.6 million a year in debt payments.

We wouldn't need to finance anything... last season USF brought in $600 million in donations, which adds to the billion or so they have in the bank.

We have the $$.

Those donations were for a variety of areas. Don't you think that if we had $200 - $300 million available to us for a stadium, we wouldn't jump on it? If we didn't have to finance any of it, then yes, you're correct, it would be better than what we currently have.

Well we can borrow the money from ourselves... USF has done this before. I know they have and was told that they do it from time to time on special projects, as long as they can pay it back. They borrow the funds from themselves to pay for a capital project and then repay it over X amount of fiscal years.

That X in your equation is about 50 years, at best. Not happening.

We collected $600 million in one year... we can do it again, especially with sponsorships and such.

The Unstoppable Campaign you're referring to started when you were in elementary school. So it was $600+ million in 8 years. You just missed on the facts for that one.

 

 

 

The campaign, publicly launched in October of 2009... So that's 4 years.

[JTrue]

I'm not sure about the financing for something of this magnitude, but using simple amortization, financing $150 million, for 30 years, at 4% interest would require $8.6 million a year in debt payments.

We wouldn't need to finance anything... last season USF brought in $600 million in donations, which adds to the billion or so they have in the bank.

We have the $$.

Those donations were for a variety of areas. Don't you think that if we had $200 - $300 million available to us for a stadium, we wouldn't jump on it? If we didn't have to finance any of it, then yes, you're correct, it would be better than what we currently have.

Well we can borrow the money from ourselves... USF has done this before. I know they have and was told that they do it from time to time on special projects, as long as they can pay it back. They borrow the funds from themselves to pay for a capital project and then repay it over X amount of fiscal years.

That X in your equation is about 50 years, at best. Not happening.

We collected $600 million in one year... we can do it again, especially with sponsorships and such.

The Unstoppable Campaign you're referring to started when you were in elementary school. So it was $600+ million in 8 years. You just missed on the facts for that one.

The campaign, publicly launched in October of 2009... So that's 4 years.

http://www.usforacle.com/mobile/unstoppable-campaign-meets-600m-goal-1.2830339

I must have read this wrong.

Edited September 6, 2013 by JTrue

[Dogma]

 

 

 

 

 

 

 

I'm not sure about the financing for something of this magnitude, but using simple amortization, financing $150 million, for 30 years, at 4% interest would require $8.6 million a year in debt payments.

We wouldn't need to finance anything... last season USF brought in $600 million in donations, which adds to the billion or so they have in the bank.

We have the $$.

Those donations were for a variety of areas. Don't you think that if we had $200 - $300 million available to us for a stadium, we wouldn't jump on it? If we didn't have to finance any of it, then yes, you're correct, it would be better than what we currently have.

Well we can borrow the money from ourselves... USF has done this before. I know they have and was told that they do it from time to time on special projects, as long as they can pay it back. They borrow the funds from themselves to pay for a capital project and then repay it over X amount of fiscal years.

That X in your equation is about 50 years, at best. Not happening.

We collected $600 million in one year... we can do it again, especially with sponsorships and such.

The Unstoppable Campaign you're referring to started when you were in elementary school. So it was $600+ million in 8 years. You just missed on the facts for that one.

 

 

 

The campaign, publicly launched in October of 2009... So that's 4 years.

 

 

 

Read up on it..

 

Apparently they had a first "quiet" phase beginning in 2005..

However they didn't kick off the big public push until 2009.  That's when the big money started pouring in,  $111 million in 2010-11 alone. 

[BDYZR]

 

 

Since you brought up UF, how much debt do you think they have on the Swamp?  How much debt would we have with our own OCS?  I assure you it would be a hell of a lot more than UF.

 

They probablly pay a fraction in upkeep of the Swamp, as we do in rental fees and lost revenue to the TSA to play in Rutgers Stadium.

 

Also we are leasing space at Ray Jay vs buying something outright, paying it off, and owning it.

 

 

 I agree .... renting sucks. We should be in the business of flipping stadiums.

 

I hear there may be one over in St. Pete...