Jay getting ready to talk Tigue

[CajunRebel]

And the cost rose to 17 million because of our decisions not Lemoine

What decisions?

Are we paying $10 million more and getting $10 million more worth of stadium? Or are you saying that the price rose by 125% because of incompetence?

[duggie85]

I know everyone is mad at Jay and hates Scott. I just would like for them to tell us what happens to the season ticket holders. I know we have more STH than Fabacher's capacity.

My guess: point system leaders first.

[Turbine]

I can answer this...

$3MM in hand right now
$4MM to be given in $1MM amounts over 4 years ($5MM from Russo @ $1MM/yr for 5 yrs)

$3MM + $4MM = $7MM (70% of $10MM)

Yeah, not unusual, more the norm actually.

UL still doesn't have the money "in hand" to pay for certain campus dorms built a few years ago. It's just not how they were financed.

[cajunhawk]

Yeah, not unusual, more the norm actually.

UL still doesn't have the money "in hand" to pay for certain campus dorms built a few years ago. It's just not how they were financed.

Then why not explain that to us? Why string us along until it's too late?

[basinbear]

What decisions?

Are we paying $10 million more and getting $10 million more worth of stadium? Or are you saying that the price rose by 125% because of incompetence?

The project was a 17 million dollar project in the end.

[CajunRebel]

Yeah, not unusual, more the norm actually.

UL still doesn't have the money "in hand" to pay for certain campus dorms built a few years ago. It's just not how they were financed.

This was certainly the case with every major project I've donated to. You don't need money in hand to secure a loan and start building.

[CajunT]

Nope. I remember Tony speaking about it about halfway through the season.

Tony didn't say there would be delays after the Super Regionals to my memory. He did say that the project may cause some inconveniences for us and there were only 9 days of weather delays in the contract. He did say there could be some construction running into the season.

[Dad04]

So we never got out of the silent phase, nobody was ever asked for money....and now we don't have the money....and some people don t see a problem with this

Quiet phase capital campaigns undoubtedly work better in P5, and/or top 20 MSA locations. We ain't that.

[raginsaints]

My guess: point system leaders first.

There a lot of people (myself included) who only have baseball season tickets. If that's the case, there's going to be a lot of ____ed off people (myself included).

[basinbear]

That's because it wasn't a rumor

[IHateLaState]

We are faceless buffoons, no one cares what we think. We are small potatoes. We ain't small enough for that bald-headed ____ to stop reading what we are saying. A bully pulpit is an easy medium to demean and belittle what you want silenced.

mmmm... ok

[Cajun Monkee]

Then why not explain that to us? Why string us along until it's too late?

Because some of the money (the Russo $5 million) was gonna be incremental, the University/Athletic Program would necessarily have had take out a loan or bonded some of the project out.

If even just $10 million worth of work was done between now and next spring, Russo will only make its money available over the next 5 years.

UL would/will need an additional avenue to pay Lemoine for $10 (or 17 or 21 or whatever) million worth of work it does in the next year.