Cajun Field Renovation Plans

[cajun_lannister]

I guess you'll have to pull the toenails off of donors who decided to personally fund baseball and softball renovations.

Hopefully another company needs to laundry stolen funds real soon

The football stadium could be funded by blood diamonds IDC just get it done

[CajunVic]

My understanding was that Russo made a 5M donation for the baseball stadium and the rest was funded by Rcaf and bonds because we wouldn’t start on stadium until the 5M was marched and it never was even though Farmer said it was. If the baseball stadium cost 15m total then it would be nice to have that extra 10 for the football stadium and to tell Russo we couldn’t do the baseball stadium at this time unless he wanted to double his investment because we were wanting to use the rcaf money for football renovations

If I’m wrong correct me, cause this is just what I heard

I’m not sure what the exact facts are, but it’s not those. While there was no other money as big as Russo’s available for baseball, there was a substantial amount of committed money over and above Russo. The problem came in when Russo’s money plus the additional money was not enough to fund the entire project. They were not able to get started until the difference was funded through a loan. So, without the seed money, there would have been no loan. I don’t think the loan is as high as $10mm. Either way, you don’t just get to move the money borrowed to another project if you don’t do baseball.

[CajunAmos]

My understanding was that Russo made a 5M donation for the baseball stadium and the rest was funded by Rcaf and bonds because we wouldn’t start on stadium until the 5M was marched and it never was even though Farmer said it was. If the baseball stadium cost 15m total then it would be nice to have that extra 10 for the football stadium and to tell Russo we couldn’t do the baseball stadium at this time unless he wanted to double his investment because we were wanting to use the rcaf money for football renovations

If I’m wrong correct me, cause this is just what I heard

Yep. Just like Ray.

[Professor]

Yep. Just like Ray.

That is not my opinion just what I was told and like I said it could be wrong

I do think we shouldn’t have put rcaf money or whatever towards a baseball stadium before the football stadium was renovated. That was a bad decision

[GeauxLouisiana]

My understanding was that Russo made a 5M donation for the baseball stadium and the rest was funded by Rcaf and bonds because we wouldn’t start on stadium until the 5M was marched and it never was even though Farmer said it was. If the baseball stadium cost 15m total then it would be nice to have that extra 10 for the football stadium and to tell Russo we couldn’t do the baseball stadium at this time unless he wanted to double his investment because we were wanting to use the rcaf money for football renovations

If I’m wrong correct me, cause this is just what I heard

The original budget was for a $10 million facility. Dr. Savoie gave Farmer the green light on any project once he had 50% of the budget pledged. That's why the Russo's agreed to the $5 million donation. Obviously, the cost ballooned to around $17 million and we didn't have that amount stored up anywhere, which led to the delays in construction.

[ZoomZoom]

Russo stadium will be paid off before you see anything to do with this.

Pull up the state audit of the department and check out the bond schedule. The realities of it all is quite an eye opener. I'll leave it to everyone to form their own opinion.

[fanof71]

Erect a statue of Ray among the rubble ruins of Cajun Field, with inscription
"Never has one man done so little with so much from so few"

[CharlieK]

Pull up the state audit of the department and check out the bond schedule. The realities of it all is quite an eye opener. I'll leave it to everyone to form their own opinion.

wow

[CajunVic]

Pull up the state audit of the department and check out the bond schedule. The realities of it all is quite an eye opener. I'll leave it to everyone to form their own opinion.

Can you post a link?

[cajun_lannister]

Can you post a link?

https://www.lla.la.gov/PublicReports...E/000179B3.pdf

[cajun_lannister]

If im reading this right We will end up paying 20 mill in intrest ... We are trying to pay for a Bugatti on a McDonalds salary

[GeauxLouisiana]

If im reading this right We will end up paying 20 mill in intrest ...

52 ___KING MILLION .... all that while the sport that drives the bus is in a stadium that can't even meet code

Wrong. Bonds on the baseball stadium project will cost us about $3 million in interest.

The real waste is paying off debt and interest because we did the SEZ project.