So yet another non responsive response. Put a number on it. Everyone here is _____ing about it being too low. What’s it supposed to be?
It’s a 5 day festival if I’m not mistaken. Friday, Saturday, Sunday, Monday, and Tuesday. They paid $7k a day. What should it have been?
Only a non response if someone lost track of the overall thread.
You presented specifics on what the Mardi Gras Association is charging.
I said UL should run their own show as part of Hospitality Management and make a donation to the Mardi Gras Association.
So, I think fair market value rental of a Cajun Field parking lot is what the Mardi Gras Association is charging. I just think UL should be the one doing the charging.
I fully expect to see a MG float next year cancelling Ragin Pagin...
But they don’t, nor have they. The association accepts the risk, both from a liability standpoint and financial standpoint. There’s been years in the past where Mardi Gras has been terrible due to weather. I don’t know if I would want the university to accept that risk, or even put resources towards putting on a festival.
Using your logic, any function that uses university property could pretty much be done by the university, so why rent space out?
Unless one thinks "work" rhymes with "liability" that is not my logic.
The university accepts the type of liability on topic every home football game.
My logic is quit out sourcing every single function that resembles work, especially when you are giving away money.
If the positive financials dictate, I have no problem with out sourcing or renting properties.
I am saying what the MGA is charging is fair market value. (that answered your question) what the university is charging the MGA is not fair market value.
Having said that, it is very hard to constrict an allowance, once given freely.
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