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Mardi Gras at Cajun Field
There’s been a lot of talk about how much UL makes from the Mardi Gras festival. Here are the numbers.
I have all of the contracts for this year between the University and the Greater Southwest Louisiana Mardi Gras Association. There is a contract for rental of Blackham and French House exterior, and another contract for rental of Cajun Field parking lots.
1. Blackham Grounds and French House: total cost for the rental (minus security) is $7,224.00,
- Blackham Grounds Cost: $728 per day (regular $1,300 less 44 percent discount) for 9 days = $6,552
- French House Exterior Cost: $168 per day (regular $300 less 44 percent discount) for 4 days = $672.00
2: Cajun Field Parking Lots: total cost for rental of various lots (minus security) is $12,880.00. The cost per lot is $280 per day, which represents $500 less 44 percent discount.
- Feb. 12-14: only Lot 2
- Feb. 15-16: Lots 1, 2, and 3
- Feb. 17-21: Lots 1, 2, 3, 4, 5, and Lite Center
- Feb. 22: Lots 1, 2, 3, 4, and 5
- Feb. 23: Lot 2 only
So total rental of space is $20,104. Additionally, the university takes 5 percent of the total parking revenue and 5 percent of the total RV parking revenue. The association hasn’t turned in the revenue statement yet but I have requested it be sent to me when it becomes available.
This does not include security, which is $70 per hour. There’s 22.5 security hours for Blackham/French House and 2,079 security hours for Cajun Field. Grand total for security = $147,105.
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Re: Mardi Gras at Cajun Field
Does each department of the university that usually operates the rented properties receive the proceeds or do the funds go to a general fund or similar?
It’s not a lot of money in the overall scheme of things, just curious about the paper trail.
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Re: Mardi Gras at Cajun Field
Now do the Car Show, so we can all laugh at how ridiculous that deal is.
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Re: Mardi Gras at Cajun Field
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Originally Posted by
ULvictory
Now do the Car Show, so we can all laugh at how ridiculous that deal is.
Does the car show even exist anymore?
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
ULvictory
Now do the Car Show, so we can all laugh at how ridiculous that deal is.
For 2020 (was cancelled due to Covid), the cost for the car show was $12,750. This included $1,650 per day for the five day sale, and $500 for nine days to move in and out.
However, I think the rate was dropped to $8,600.
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Re: Mardi Gras at Cajun Field
My own personal wedding venue's rental cost for a few hours was more than Blackham Grounds, French House, and Cajun Field combined lol.
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Re: Mardi Gras at Cajun Field
And UL bends over once again...this time its a dry plung...
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Re: Mardi Gras at Cajun Field
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Originally Posted by
LouisianaB
Grand total for security = $147,105.
How much of this is University Police?
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
Turbine
How much of this is University Police?
That's a question sparky should ask...
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
LouisianaB
For 2020 (was cancelled due to Covid), the cost for the car show was $12,750. This included $1,650 per day for the five day sale, and $500 for nine days to move in and out.
However, I think the rate was dropped to $8,600.
Yup, around $12k was what I was told. Laughable.
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
Turbine
How much of this is University Police?
Believe it is all
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
LouisianaB
There’s been a lot of talk about how much UL makes from the Mardi Gras festival. Here are the numbers.
I have all of the contracts for this year between the University and the Greater Southwest Louisiana Mardi Gras Association. There is a contract for rental of Blackham and French House exterior, and another contract for rental of Cajun Field parking lots.
1. Blackham Grounds and French House: total cost for the rental (minus security) is $7,224.00,
- Blackham Grounds Cost: $728 per day (regular $1,300 less 44 percent discount) for 9 days = $6,552
- French House Exterior Cost: $168 per day (regular $300 less 44 percent discount) for 4 days = $672.00
2: Cajun Field Parking Lots: total cost for rental of various lots (minus security) is $12,880.00. The cost per lot is $280 per day, which represents $500 less 44 percent discount.
- Feb. 12-14: only Lot 2
- Feb. 15-16: Lots 1, 2, and 3
- Feb. 17-21: Lots 1, 2, 3, 4, 5, and Lite Center
- Feb. 22: Lots 1, 2, 3, 4, and 5
- Feb. 23: Lot 2 only
So total rental of space is $20,104. Additionally, the university takes 5 percent of the total parking revenue and 5 percent of the total RV parking revenue. The association hasn’t turned in the revenue statement yet but I have requested it be sent to me when it becomes available.
This does not include security, which is $70 per hour. There’s 22.5 security hours for Blackham/French House and 2,079 security hours for Cajun Field. Grand total for security = $147,105.
Whatever the university makes is icing on the cake.
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
lafman1
Whatever the university makes is icing on the cake.
icing on what cake? I'm willing to bet UL budgets this income every year...there is no cake....
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
fanof71
icing on what cake? I'm willing to bet UL budgets this income every year...there is no cake....
The cake of the property not being used for the majority of the year.
100% of 0 = 0.
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Re: Mardi Gras at Cajun Field
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Originally Posted by
ZoomZoom
Does the car show even exist anymore?
How can they have a car show when most of them have very little inventory and don’t budge off of sticker?
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
lafman1
The cake of the property not being used for the majority of the year.
100% of 0 = 0.
Poor logic. Just because the properties are unused at other times during a be year, it doesn’t devalue them at Mardi Gras.
There is no other option, and the university should charge as such.
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Re: Mardi Gras at Cajun Field
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Re: Mardi Gras at Cajun Field
So to use Cajun Field’s parking lot for the car show and Mardi Gras equals a combined total of a little over $25,500.
We really know how to create value in our properties. LOL.
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Re: Mardi Gras at Cajun Field
Don't the local car dealerships donate cars to the coaches to use?
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Re: Mardi Gras at Cajun Field
I remember when we used to let the Christmas tree guy use a piece of prime real estate facing Congress in exchange for a couple plate lunches at Dwyer’s…
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Re: Mardi Gras at Cajun Field
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Originally Posted by
CajunStros
I remember when we used to let the Christmas tree guy use a piece of prime real estate facing Congress in exchange for a couple plate lunches at Dwyer’s…
In their defense, those are some damn good plate lunches. Especially Thursday
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Re: Mardi Gras at Cajun Field
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Originally Posted by
LouisianaB
In their defense, those are some damn good plate lunches. Especially Thursday
Was that meatball stew on Thursday?
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
CajunStros
Was that meatball stew on Thursday?
No. It’s smothered steak over jambalaya (or white rice, however I feel), with green beans and potato au gratin and a white bread roll.
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Re: Mardi Gras at Cajun Field
Quote:
Originally Posted by
lafman1
The cake of the property not being used for the majority of the year.
100% of 0 = 0.
What an idiotic take. Maybe you helped write the contract. Or maybe you just have no idea what value of assets mean. Or maybe you're just a troll...
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Re: Mardi Gras at Cajun Field
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Originally Posted by
BabbForHeisman
Poor logic. Just because the properties are unused at other times during a be year, it doesn’t devalue them at Mardi Gras.
There is no other option, and the university should charge as such.
Perhaps they could use the former location for the car show before they started using Cajun field