Mardi Gras at Cajun Field

[LouisianaB]

How much of this is University Police?

Believe it is all

[lafman1]

There’s been a lot of talk about how much UL makes from the Mardi Gras festival. Here are the numbers.

I have all of the contracts for this year between the University and the Greater Southwest Louisiana Mardi Gras Association. There is a contract for rental of Blackham and French House exterior, and another contract for rental of Cajun Field parking lots.

1. Blackham Grounds and French House: total cost for the rental (minus security) is $7,224.00,
- Blackham Grounds Cost: $728 per day (regular $1,300 less 44 percent discount) for 9 days = $6,552
- French House Exterior Cost: $168 per day (regular $300 less 44 percent discount) for 4 days = $672.00

2: Cajun Field Parking Lots: total cost for rental of various lots (minus security) is $12,880.00. The cost per lot is $280 per day, which represents $500 less 44 percent discount.
- Feb. 12-14: only Lot 2
- Feb. 15-16: Lots 1, 2, and 3
- Feb. 17-21: Lots 1, 2, 3, 4, 5, and Lite Center
- Feb. 22: Lots 1, 2, 3, 4, and 5
- Feb. 23: Lot 2 only

So total rental of space is $20,104. Additionally, the university takes 5 percent of the total parking revenue and 5 percent of the total RV parking revenue. The association hasn’t turned in the revenue statement yet but I have requested it be sent to me when it becomes available.

This does not include security, which is $70 per hour. There’s 22.5 security hours for Blackham/French House and 2,079 security hours for Cajun Field. Grand total for security = $147,105.

Whatever the university makes is icing on the cake.

[fanof71]

Whatever the university makes is icing on the cake.

icing on what cake? I'm willing to bet UL budgets this income every year...there is no cake....

[lafman1]

icing on what cake? I'm willing to bet UL budgets this income every year...there is no cake....

The cake of the property not being used for the majority of the year.
100% of 0 = 0.

[KajunKrazy]

Does the car show even exist anymore?

How can they have a car show when most of them have very little inventory and don’t budge off of sticker?

[BabbForHeisman]

The cake of the property not being used for the majority of the year.
100% of 0 = 0.

Poor logic. Just because the properties are unused at other times during a be year, it doesn’t devalue them at Mardi Gras.

There is no other option, and the university should charge as such.

[CajunStros]

This is a joke right?

[ULvictory]

So to use Cajun Field’s parking lot for the car show and Mardi Gras equals a combined total of a little over $25,500.

We really know how to create value in our properties. LOL.

[CajunAmos]

Don't the local car dealerships donate cars to the coaches to use?

[CajunStros]

I remember when we used to let the Christmas tree guy use a piece of prime real estate facing Congress in exchange for a couple plate lunches at Dwyer’s…