UL has big decision to make on Cajun Field renovation

[cajun_lannister]

Because we had to pay the contractor the whole of the project and only a couple million of the $5,000,000 pledge had been paid at the time. Also, other larger pledges were probably like the Russo one where they were pledged to be made over time. The contractor will not wait over time to be paid.

So we had 5 mill laying around to pay the contractor while we waited for it to be paid ?

[Turbine]

So we had 5 mill laying around to pay the contractor while we waited for it to be paid ?

Contractors don't collect everything up front.

[CajunVic]

So we had 5 mill laying around to pay the contractor while we waited for it to be paid ?

I have no clue what the contractor was paid and when. That is of no moment. The contractor did minimal work and would not really start until a mechanism was put in place to pay the contractor. Thus the late start. Then when Farmer when to put this in place, it was realized that he did not have enough money raised.

The other side of the equation was how the University is going to get the money to pay the loan. That comes from the pledges, sale of suites and loge boxes and revenue to be earned from the facility into the future. Until you understand both sides of the transaction, your posts will continue to be meaningless.

[cajun_lannister]

I have no clue what the contractor was paid and when. That is of no moment. The contractor did minimal work and would not really start until a mechanism was put in place to pay the contractor. Thus the late start. Then when Farmer when to put this in place, it was realized that he did not have enough money raised.

The other side of the equation was how the University is going to get the money to pay the loan. That comes from the pledges, sale of suites and loge boxes and revenue to be earned from the facility into the future. Until you understand both sides of the transaction, your posts will continue to be meaningless.

What I'm getting at is we keeping falling back on well suites and boxes will pay off the loan well same for football stadium just that $12 mill loan could jump start a project that drives the bus in college athletes

[CajunVic]

What I'm getting at is we keeping falling back on well suites and boxes will pay off the loan well same for football stadium just that $12 mill loan could jump start a project that drives the bus in college athletes

I have absolutely no clue what you are saying here.

[cajun_lannister]

I have absolutely no clue what you are saying here.

Football stadium good!

baseball no matter

[CajunVic]

I would think that when $20mm to $25mm of seed money pledges are in place for the football stadium, we will get one.

[Geaux]

If we were close to the $20M in seed money, we would have seen a marketing push to reach the necessary number. This tells me we are no where close to the seed money number.