For those who did not listen to Jay's interview with Dr. Maggard, there is a huge elephant in the room: that being the unprecedented rise in the prices of materials. I think the price of the stadium improvements has risen like 30% in the last year. I can attest to this fact because I have been trying to build an outbuilding at my house and I have been watching materials rise. This is moving the target for fund raising. I think it will get started in 2023 but it will require more funding than originally was thought. Dr. Maggard also stated that fund raising did not end because of the departure of RCAF people.
I think we are due for a recession and the cost of materials will go down. Unfortunately, raising money won't get easier because of it.
This will only get worse…gotta ____ now or get off the pot.
I was thinking about the state of the economy today and it landed me on this project. With the rising cost of fuel and materials the price tag of this project will increase. An increase in cost will mean a need for more donations. How many businesses and donors can donate more? The rising costs are hitting businesses and consumers alike. I'm not saying it isn't possible to get this project moving, I just think the current state of the economy will make it even more challenging.
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