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No, I am not in construction. However I can read and see that Oregon State dropped their west side to the ground and is rebuilding something modern and beautiful. The estimated total cost, including interest and all, is $325 million.
Oregon State's athletic budget has been $10-30 million less per year than Mississippi State for the last 7 years. Mississippi State's athletic budget will probably exceed Oregon States by $50-60 million when new TV deals are negotiated.
Oregon State estimates that adding more premium seating will generate enough addition income to cover cost to repay loans and interest. However Oregon State has raised approximately $90 in private funds for the project.
I just don't get why MSU would pour $40-50 million into renovating an 100 year old structure. Especially when your revenue is at an all time high and is likely to increase by $30 million per year in the next two years.
Last edited by Maroonthirteen; 08-24-2022 at 05:41 PM.
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Originally Posted by
Maroonthirteen
...I just don't get why MSU would pour $40-50 million into renovating an 100 year old structure. Especially when your revenue is at an all time high and is likely to increase by $30 million per year in the next two years.
But but but but, while most other SEC universities "invest" in their athletic facilities and programs, we at MSU (under Cohen and Keenum's leadership tutelage) had a healthy "rainy day fund" of $25+M when the pandemic hit that helped us survive when no other SEC institutions could -- oh, wait, they all survived and arguably did not succumb the futility the Cohen-led 2021-22 teams endured.
I hope my sarcasm above is detectable by all.
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Originally Posted by
WSOPdawg
But but but but, while most other SEC universities "invest" in their athletic facilities and programs, we at MSU (under Cohen and Keenum's leadership tutelage) had a healthy "rainy day fund" of $25+M when the pandemic hit that helped us survive when no other SEC institutions could -- oh, wait, they all survived and arguably did not succumb the futility the Cohen-led 2021-22 teams endured.
I hope my sarcasm above is detectable by all.
Sorry, only if you add ******* Hail State!
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Originally Posted by
Maroonthirteen
No, I am not in construction. However I can read and see that Oregon State dropped their west side to the ground and is rebuilding something modern and beautiful. The estimated total cost, including interest and all, is $325 million.
Oregon State's athletic budget has been $10-30 million less per year than Mississippi State for the last 7 years. Mississippi State's athletic budget will probably exceed Oregon States by $50-60 million when new TV deals are negotiated.
Oregon State estimates that adding more premium seating will generate enough addition income to cover cost to repay loans and interest. However Oregon State has raised approximately $90 in private funds for the project.
I just don't get why MSU would pour $40-50 million into renovating an 100 year old structure. Especially when your revenue is at an all time high and is likely to increase by $30 million per year in the next two years.
I know nothing about the numbers you are quoting, but keep in mind, Oregon has Phil Knight writing checks left and right and he could fund that whole amount by himself.
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Originally Posted by
AlSwearengen
I know nothing about the numbers you are quoting, but keep in mind, Oregon has Phil Knight writing checks left and right and he could fund that whole amount by himself.
Phil Knight is a tennis shoe salesman. We have "cigar boys" and $ is no object! Seriously, I would like to see something done to the South end zone and chair backs in the lower sections at least. 60K or so seats should be fine in today's & future sports climate. Went to practice last Saturday and interested to see how the new sections in upper deck West work out.
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Originally Posted by
AlSwearengen
I know nothing about the numbers you are quoting, but keep in mind, Oregon has Phil Knight writing checks left and right and he could fund that whole amount by himself.
Does Phil Knight give to Oregon State as well as Oregon? The construction is being done by Oregon State.
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Originally Posted by
magrooder
Does Phil Knight give to Oregon State as well as Oregon? The construction is being done by Oregon State.
Oregon/Oregon State, Mississippi/Mississippi State, what's the difference?**** Most of America gets us all mixed up.
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Originally Posted by
magrooder
Does Phil Knight give to Oregon State as well as Oregon? The construction is being done by Oregon State.
I’ll go mind my own business for the rest of the night and quit being a dumbass in public.
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