2020 UL Development

[facelessjonmoon]

The person that tried to help facilitate the deal resigned from the university because of this event. I doubt seriously if they are willing to come back to the table after not even getting a meeting.

Who resigned over this? Stewart or Harris?

[CajunT]

Who resigned over this? Stewart or Harris?

Over their pay grade.

[facelessjonmoon]

Over their pay grade.

Gotcha

[facelessjonmoon]

You can start with guys like Alden, Rick Jones and a few others. These guys have sat with these type of people and run in the same circles when it comes to private capital investment. An hour conversation isn't enough to get all the details, but the group was legit. But someone like Savoie that lacks vision are the want to grow hasn't a clue. I used to think it was incompetence, but when you have brought in consultants to advise you on what should be done and how to raise the revenue and you delay or completely ignore it, it's a lack of will and vision period. He needs to take his $375K retirement and walk-away in the sun.

I can see the Missouri ties with Alden and Greinke

and obviously Bass Pro is a Missouri company

[BananaHammock]

I'm not into real estate nor am I a developer, but I don't see how $30mm per year makes sense if it was proposed. I would be all for that kind of development if it was real and I think those of you focusing just on Bass Pro and the location are missing the big picture. You have to look at the total development and the uniqueness that it would bring to the table.

Admittedly I would not be a person to say it would work or not but I think our President owes it to the community and alumni to meet with these folks at a MINIMUM. Anything else is unacceptable in my eyes.

[ULvictory]

I'm not into real estate nor am I a developer, but I don't see how $30mm per year makes sense if it was proposed. I would be all for that kind of development if it was real and I think those of you focusing just on Bass Pro and the location are missing the big picture. You have to look at the total development and the uniqueness that it would bring to the table.

Admittedly I would not be a person to say it would work or not but I think our President owes it to the community and alumni to meet with these folks at a MINIMUM. Anything else is unacceptable in my eyes.

They met maybe a few times and said “We will get back with you.”

Also, the project would’ve also included another shopping promenade with condos.

Not to mention, the Lourdes property were also in these conversations. Pass by there today, and you will see the weeds growing in the air.

[BananaHammock]

They met maybe a few times and said “We will get back with you.”

Also, the project would’ve also included another shopping promenade with condos.

Not to mention, the Lourdes property were also in these conversations. Pass by there today, and you will see the weeds growing in the air.

But do you really think $30mm/year could be recouped by the developers or was this a good idea but the numbers wouldn't have worked anyway?

[cajun4life]

But do you really think $30mm/year could be recouped by the developers or was this a good idea but the numbers wouldn't have worked anyway?

Yes, split between 12 prominent business isn’t that unfathomable.

[SlappyCajun]

Yes, split between 12 prominent business isn’t that unfathomable.

As a lease payment, I don’t think it makes any sense. That’s almost 300k a month. For rent

[Turbine]

As a lease payment, I don’t think it makes any sense. That’s almost 300k a month. For rent

Turning down Three Quarter of a BILLION dollars with no loss of ownership when you gave away 100 acres for six million?

This doesn't add up. 1.2 million a year makes more sense and I could see him maybe saying no if he learned from his first mistake.

Even at the low rate Louisiana would make more money in 6 years than they made from the Horse Farm.