2020 UL Development

[Cajunrunner]

Seems T Joe is more worried about retirement and image after. I mean when Dr A retired we had a national wide search and we picked from cajun mafia. Head scratcher for sure.

Hrm....I seem to remember a certain poster who said this same thing when the hiring announcement was made, maybe even started a thread about it, and was chastised.

Interesting....

[angeleast]

Hrm....I seem to remember a certain poster who said this same thing when the hiring announcement was made, maybe even started a thread about it, and was chastised.

Interesting....

and who is the poster you allegedly talking about....

[VObserver]

Hrm....I seem to remember a certain poster who said this same thing when the hiring announcement was made, maybe even started a thread about it, and was chastised.

Interesting....

You and me, too Runner. Just sayin

[CajunT]

Sorry but those numbers are NOT realistic. You are talking a lease payment of 83K per DAY!! If you assume a very good margin of 30% profit on sales you are looking at yearly sales revenue of 100 million just to pay the rent.

Not buying it. The figures just aren't adding up.

You don't have to buy anything because we don't have information on what the entire deal, including stadium improvements and infrastructure would be involved. Again the number thrown out was around $30m in total dollars. That could include a number of things beyond leases. It wasn't defined for me and a few others.

[CajunVic]

I believe the land for the Costco Develepment was sold to the developer for $30mm

[BrockMeaux]

As mentioned earlier as well, this was a complete development. Also included stadium renovations and naming rights b

They could’ve leased it for $1 a year if a complete stadium renovation was included for all I care. That’s, like, THE pressing money matter facing our athletic department.

[cajun4life]

They could’ve leased it for $1 a year if a complete stadium renovation was included for all I care. That’s, like, THE pressing money matter facing our athletic department.

100% true

[CajunVic]

Sorry but those numbers are NOT realistic. You are talking a lease payment of 83K per DAY!! If you assume a very good margin of 30% profit on sales you are looking at yearly sales revenue of 100 million just to pay the rent.

Not buying it. The figures just aren't adding up.

You don’t know the numbers and we don’t know the numbers but the sad thing is that the President of our University chose not to know the numbers.

Passing on a development opportunity without effort and supporting BLM - obviously without checking into what they are - are both unacceptable results from the leader of our university.

[ULvictory]

Sorry but those numbers are NOT realistic. You are talking a lease payment of 83K per DAY!! If you assume a very good margin of 30% profit on sales you are looking at yearly sales revenue of 100 million just to pay the rent.

Not buying it. The figures just aren't adding up.

Let’s take away the numbers for just a second.

The fact of the matter is that we had people with some massive financial prestige in the business world that showed interest in investing in our university and community, and we sat on it by not returning a phone call.

[Rainman66]

Let’s take away the numbers for just a second.

The fact of the matter is that we had people with some massive financial prestige in the business world that showed interest in investing in our university and community, and we sat on it by not returning a phone call.

I agree 100%. It also feeds into a stereotype that our people may not be the brightest or most educated. I would walk away thinking, ‘If a deal that sounds this good can’t even generate a meeting with a university president, these are not serious people.’