Jay getting ready to talk Tigue

[CajunEXPRESS]

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

Well poor SF said 10 million about A MONTH ago according to Jay. Too bad he didn't talk to Robe months and months ago and time and again. Even using Jay's numbers seven million collected or promised and 13-27 million needed isn't 70%.

[cajunhawk]

Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

I think you might be mistaken here.

What did Scott tell you?

[Cajun Monkee]

Back to the original point...why not tell us that?

Fair enough. Hell, yeah, a conversation we should have had.

I'm gonna suggest this.

Originally a $10 million project.

There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

This put us at about $7 million. 70% of the original cost.

And the University was gonna have to get a loan to pay Lemoine in the interim.

Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?

[CajunAmos]

Well poor SF said 10 million about A MONTH ago according to Jay. Too bad he didn't talk to Robe months and months ago and time and again. Even using Jay's numbers seven million collected or promised and 13-27 million needed isn't 70%.

The $17M number was not mentioned at any of the meetings I attended even up to the end of the season. The last number I remember mentioned was $11M for the stadium, other than a separate project for a new club house.

[ManAboutTown]

Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

I think you might be mistaken here.

Good hell man, can you read? Farmer said that 70% of the original amount ($10 Mil) was secured..

[CajunT]

Is the University pursuing a loan on the increased cost of the $7 million above the original cost of $10 million?

Or is the University pursuing a loan of $14 million because there is only $3 million available for a $17 million project?

The cost was not $10 million, that has been clear since December when Coach Robichaux presented the drawings to us in the Diamond Club Fall Social. The final approval from the Dr. Savoie on the renderings we were shown was around $16 mil or $17 million. The addition of the brick façade for the entire grandstand and adjacent bleachers on both sides was an additional $3 million. The other cost included building concessions on both levels rather than waiting until 2018 to complete the other concessions area as stated on the LeMoine web site. The original plans estimate was $10 million, but the discussion of more cost became public back in fall.

[cajunhawk]

Fair enough. Hell, yeah, a conversation we should have had.

I'm gonna suggest this.

Originally a $10 million project.

There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

This put us at about $7 million. 70% of the original cost.

And the University was gonna have to get a loan to pay Lemoine in the interim.

Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?

It might as well be, but they won't tell us anything. We have to hear everything second hand, so they can turn their bald mouthpiece on and run us down for being rumor-mongering ____heads behind a keyboard.

[CajunT]

The $17M number was not mentioned at any of the meetings I attended even up to the end of the season. The last number I remember mentioned was $11M for the stadium, other than a separate project for a new club house.

Did you attend the fall Diamond Club Social?

[ManAboutTown]

Fair enough. Hell, yeah, a conversation we should have had.

I'm gonna suggest this.

Originally a $10 million project.

There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

This put us at about $7 million. 70% of the original cost.

And the University was gonna have to get a loan to pay Lemoine in the interim.

Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?

BOOM.
$7 Mil PLEDGED, and when time came to pay, $3 Mil was available to actually use.

[Turbine]

The Russo money is $1 million per year for five.

Thank you Mr. Russo and family.

[cajunhawk]

Thank you Mr. Russo and family.

You mean Laguna Oil Tools?

[CajunT]

Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

I think you might be mistaken here.

Are you telling me UL System Board members are lying? He told them that it would be donor funded and there was no discussion of a loan.