Jay getting ready to talk Tigue

[cajunhawk]

Fair enough. Hell, yeah, a conversation we should have had.

I'm gonna suggest this.

Originally a $10 million project.

There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

This put us at about $7 million. 70% of the original cost.

And the University was gonna have to get a loan to pay Lemoine in the interim.

Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?

It might as well be, but they won't tell us anything. We have to hear everything second hand, so they can turn their bald mouthpiece on and run us down for being rumor-mongering ____heads behind a keyboard.

[CajunT]

The $17M number was not mentioned at any of the meetings I attended even up to the end of the season. The last number I remember mentioned was $11M for the stadium, other than a separate project for a new club house.

Did you attend the fall Diamond Club Social?

[ManAboutTown]

Fair enough. Hell, yeah, a conversation we should have had.

I'm gonna suggest this.

Originally a $10 million project.

There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

This put us at about $7 million. 70% of the original cost.

And the University was gonna have to get a loan to pay Lemoine in the interim.

Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?

BOOM.
$7 Mil PLEDGED, and when time came to pay, $3 Mil was available to actually use.

[Turbine]

The Russo money is $1 million per year for five.

Thank you Mr. Russo and family.

[cajunhawk]

Thank you Mr. Russo and family.

You mean Laguna Oil Tools?

[CajunT]

Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

I think you might be mistaken here.

Are you telling me UL System Board members are lying? He told them that it would be donor funded and there was no discussion of a loan.

[CajunAmos]

Did you attend the fall Diamond Club Social?

Yep

[CajunEXPRESS]

The stadium hasn't been less than 13 million for months. Guess FarmerBROWN missed the diamond club multiple meetings.

[Dad04]

Johnny Moon is full of crap. He's giving spotty information. They had 70% pledged of the 10 million dollar price tag. Well, the stadium is going to cost more now. Whether it's 13, 14 or 18 million where is that money going to be financed? Where was the 3 million going to be financed when the price tag was 10 million?

Is it true that T-Joe has walked into multiple banks in the last ten days trying to get financing? If so, why wasnt this legwork done a year or six months ago?

Birdpoop better hope every brick of that stadium is built with cajun fannies sitting in the seats next spring or he should go ahead and retire.

Birdpoop knew there was a problem two weeks ago which is why he picked up his ball and went home. Why Turbine deleted posts associated with his thin skinned retorts is beyond me. He's no friend of this forum and it only contributes to the wishes of "cajun elites" (if there is such a thing) who prefer that all negative news regarding UL be swept under the rug and kept quiet. That's why BirdPoop hit the road and got into a tizzy about Turbine deleting his account from this sites history, he's embarrassed because he's part of the problem.

He was very definitive as to the completion of the entire project by next spring.

[CajunT]

Yep

He clearly stated Dr. Savoie approved the renderings for project costing between $16 million to $17 million because he wanted done right. The addition cost for the brick façade runs the cost up to $13 or $14 million, the other coast I don't have all the details but they are definitely not building concessions on one level, but both at the same time. Coach Robichaux was willing to move forward without the brick façade originally.