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USF announces $340 million FB stadium to be ready July ‘26
Posted: Thu May 25, 2023 6:21 am
by tpstulane
They currently play in an large NFL stadium off campus (Tampa Bay Bucs Raymond James Stadium)
Big commitment here:
USF would spend $140 million under the plan, with another $200 million borrowed over 20 years. The school would source $50 million from donations to the USF foundation, $31 million from its capital improvement fund, and an estimated $59 million from selling broadband equipment and licenses.
Re: USF announces $340 million FB stadium to be ready July ‘26
Posted: Thu May 25, 2023 9:02 pm
by Greeniegb
tpstulane wrote: ↑Thu May 25, 2023 6:21 am
They currently play in an large NFL stadium off campus (Tampa Bay Bucs Raymond James Stadium)
Big commitment here:
USF would spend $140 million under the plan, with another $200 million borrowed over 20 years. The school would source $50 million from donations to the USF foundation, $31 million from its capital improvement fund, and an estimated $59 million from selling broadband equipment and licenses.
May not happen academia on campus are complaining that money should be for academics not athletics, sound familiar!!!
USF’s plan to build $340M stadium met with criticism
https://www.msn.com/en-us/sports/other/ ... 7a2f&ei=39
Re: USF announces $340 million FB stadium to be ready July ‘26
Posted: Thu May 25, 2023 9:59 pm
by RobertM320
And notice, it only seats 35,000. They days of building 60K+ seat stadiums is over for college.
Re: USF announces $340 million FB stadium to be ready July ‘26
Posted: Thu May 25, 2023 10:07 pm
by tpstulane
Greeniegb wrote: ↑Thu May 25, 2023 9:02 pm
tpstulane wrote: ↑Thu May 25, 2023 6:21 am
They currently play in an large NFL stadium off campus (Tampa Bay Bucs Raymond James Stadium)
Big commitment here:
USF would spend $140 million under the plan, with another $200 million borrowed over 20 years. The school would source $50 million from donations to the USF foundation, $31 million from its capital improvement fund, and an estimated $59 million from selling broadband equipment and licenses.
May not happen academia on campus are complaining that money should be for academics not athletics, sound familiar!!!
USF’s plan to build $340M stadium met with criticism
https://www.msn.com/en-us/sports/other/ ... 7a2f&ei=39
It’s already approved. Negotiation tactic to get academic side something down the road.
Yet, some faculty have an issue with how the money will be spent. They want it used in other ways, but the Board of Trustees Finance Committee unanimously approved the plan to build the new 35,000-seat stadium.
Re: USF announces $340 million FB stadium to be ready July ‘26
Posted: Fri May 26, 2023 7:27 am
by Show Me
Greeniegb wrote: ↑Thu May 25, 2023 9:02 pm
tpstulane wrote: ↑Thu May 25, 2023 6:21 am
They currently play in an large NFL stadium off campus (Tampa Bay Bucs Raymond James Stadium)
Big commitment here:
USF would spend $140 million under the plan, with another $200 million borrowed over 20 years. The school would source $50 million from donations to the USF foundation, $31 million from its capital improvement fund, and an estimated $59 million from selling broadband equipment and licenses.
May not happen academia on campus are complaining that money should be for academics not athletics, sound familiar!!!
USF’s plan to build $340M stadium met with criticism
https://www.msn.com/en-us/sports/other/ ... 7a2f&ei=39
Do you realize much of Tulane’s athletic struggles were due to the anti-athletic opposition from the faculty. How has that worked out for us? It probably cost us billions and definitely had an impact on us withdrawing from the SEC and the de-emphasis in the 1950’s that led to that decision. Hopefully USF gets its Stadium.
Re: USF announces $340 million FB stadium to be ready July ‘26
Posted: Thu Sep 07, 2023 4:42 am
by Greeniegb
USF is building a $340M on-campus football stadium despite concerns academics are being left behind
How they are doing it???
Yet there are some doubts about financing the stadium with a $200 million loan and a variety of other sources that school officials point out do not rely on taxpayer dollar. These include: $50 million in advances from future capital gifts, $31 million from the school’s Capital Improvement Trust Fund, $34 million in proceeds from a 2017 FCC auction and an estimated $20-$24 million from the sale of educational broadband service licenses.
“It's a huge endeavor. We build buildings without something like this. And so the funds being diverted from other academic sources are very concerning to us,” said Jenifer Jasinski Schneider, a literacy studies professor who is president of the Faculty Senate and voted against the debt plan at a June meeting.
All on borrowed money, not gifts loans, something that sounds foolish and Tulane would never do!!!