Jay getting ready to talk Tigue

[CajunAmos]

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.

I think my response was to a comment about putting in bids for regionals/supers prior to the season.

[VObserver]

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?

My guess: $14,000,000; secured by a combination of moneys pledged, not yet received, and the good credit of the U.

Not a big deal, except that it should have been done months ago.

[cajunhawk]

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?

Man, that's a really good question that should be easily communicated to people who want info on the project.

[CajunRebel]

But you didn't secure a loan, he was given approval by the UL System Board to move forward on the project based upon the fact that Farmer stated to them 70% of the donations were secured. UL is now securing the loan to move forward on the project because the majority of those funds have not been made. They are doing so through the Ragin'Cajuns Facility Foundation which we require payment of the funds secured.

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.

[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.