LSU $2.5 million Weight Room Renovation

LSU, UNO, Loyola, ULL, ULM, Louisiana Tech, Southeastern, Delgado, Northwestern, McNeese, Nicholls St., Southern, Grambling, Centenary, Dilliard, Xavier, etc.
Post Reply
User avatar
NOLABigSteve
Riptide
Posts: 4976
Joined: Wed Dec 01, 2010 12:00 am
Location: New Orleans, LA
Contact:
Status: Offline

Just another example of how far behind we truly are...

http://www.saturdaydownsouth.com/lsu-fo ... enovation/


Roll Wave!
Tulane University c/o 2003
Football Defensive End '99, '00, '01, '02
2002 Hawaii Bowl Champions
School of Engineering (Computer Science)
User avatar
tpstulane
Top of the WAVE
Posts: 26665
Joined: Thu Dec 02, 2010 11:56 pm
Status: Offline

NOLABigSteve wrote:Just another example of how far behind we truly are...

http://www.saturdaydownsouth.com/lsu-fo ... enovation/
The gap grows wider between the haves and the have nots
Be proactive, being reactive is for losers..
Tulane Class of 1981
jonathanjoseph
Green Wave
Posts: 9299
Joined: Wed Dec 01, 2010 5:54 pm
Status: Offline

tpstulane wrote:
NOLABigSteve wrote:Just another example of how far behind we truly are...

http://www.saturdaydownsouth.com/lsu-fo ... enovation/
The gap grows wider between the haves and the have nots
Not really sure this has to do with haves/have nots. We had $2.5M to spend on a weightroom but chose to do something else. Rick Dickson said we had what needed to win championships.

A few years ago with the Fire Dickson banner etc there was pushback from the fanbase. Cowen literally laughed at the pushback and continued supporting Dickson.

The Board has legal liability for this. "I didn't know he was utterly clueless and incompetent for 15 years despite all the evidence" does not all under the extremely broadly defined duty of care.
User avatar
tpstulane
Top of the WAVE
Posts: 26665
Joined: Thu Dec 02, 2010 11:56 pm
Status: Offline

jonathanjoseph wrote:
tpstulane wrote:
NOLABigSteve wrote:Just another example of how far behind we truly are...

http://www.saturdaydownsouth.com/lsu-fo ... enovation/
The gap grows wider between the haves and the have nots
Not really sure this has to do with haves/have nots. We had $2.5M to spend on a weightroom but chose to do something else. Rick Dickson said we had what needed to win championships.

A few years ago with the Fire Dickson banner etc there was pushback from the fanbase. Cowen literally laughed at the pushback and continued supporting Dickson.

The Board has legal liability for this. "I didn't know he was utterly clueless and incompetent for 15 years despite all the evidence" does not all under the extremely broadly defined duty of care.
Yes true but it's in a multi-million dollar football operations building something that we still don't have. Here's a telling quote:
"For a brief time, it’ll be the best of its kind,” Moffitt said. “Someone will top it soon after we’re done.”
It's just LSU's attempt to keep pace in this on-going facilities arms race playing out in the Southeastern Conference.
Be proactive, being reactive is for losers..
Tulane Class of 1981
User avatar
RobertM320
Green Wave
Posts: 9887
Joined: Thu Mar 10, 2011 8:18 pm
Location: Covington, LA
Contact:
Status: Offline

I did read an article somewhere that a lot of these schools are building up massive amounts of debt in their athletic depts. Tennessee in particular. LSU was also mentioned as being well over $100M. Its money owed on debt service for bonds issued to build a lot of these facilities. One concern is, what happens when the revenue dollars start declining and yet there's still all this debt to pay?
"That mantra is the only consistent thing that never needs to ever change for the rest of this program’s existence because that is all that matters & as long as that keeps occurring, everything will handle itself" -- Nick Anderson
jonathanjoseph
Green Wave
Posts: 9299
Joined: Wed Dec 01, 2010 5:54 pm
Status: Offline

RobertM320 wrote:I did read an article somewhere that a lot of these schools are building up massive amounts of debt in their athletic depts. Tennessee in particular. LSU was also mentioned as being well over $100M. Its money owed on debt service for bonds issued to build a lot of these facilities. One concern is, what happens when the revenue dollars start declining and yet there's still all this debt to pay?
Not sure it's relevant. For starters, there is no evidence that revenue will decline. It may or may not come from new sources but that's a different discussion. LSU Athletics is profitable and the university can easily justify financing that amount.
DfromCT
Wild Pelican
Posts: 13003
Joined: Tue Dec 27, 2011 1:50 pm
Location: Stamford, CT
Status: Offline

jonathanjoseph wrote:
tpstulane wrote:
NOLABigSteve wrote:Just another example of how far behind we truly are...

http://www.saturdaydownsouth.com/lsu-fo ... enovation/
The gap grows wider between the haves and the have nots
Not really sure this has to do with haves/have nots. We had $2.5M to spend on a weightroom but chose to do something else. Rick Dickson said we had what needed to win championships.

A few years ago with the Fire Dickson banner etc there was pushback from the fanbase. Cowen literally laughed at the pushback and continued supporting Dickson.

The Board has legal liability for this. "I didn't know he was utterly clueless and incompetent for 15 years despite all the evidence" does not all under the extremely broadly defined duty of care.
Cowen was no longer President when the "Fire Dickson" banner flew over Yulman. He stepped aside in July of 2014, that was November of 2014.
" If you laugh, you think, and you cry, that's a full day.." Jimmy V
exflash
High Tide
Posts: 332
Joined: Mon Nov 04, 2013 9:36 am
Status: Offline

Think our UL facility could be just as big and good ---not sure but ours is very nice---BTW it was pretty cool that McN got to do pre game warmups in our IPF when lightning strikes cleared the field--0--see you guys on the 26th I think it is!!!
Post Reply