The unofficial online home for fans of the UAB Blazers. Part of Collegiate Sports Nation (CSN).

(04-21-2015 06:26 PM)the_blazerman Wrote:  When will the fans & supporters stop being ******* & start to destroy stuff?

The administration building has nice windows.

You lead the way. And take your tooth brush with you.

At least that was a real study with tangible conclusions that still valid to this day. This just proves the Carr report was really a shame from start to finish.

(04-21-2015 06:26 PM)the_blazerman Wrote:  When will the fans & supporters stop being ******* & start to destroy stuff?

The administration building has nice windows.

There's a "red wave" by the business building that would look better in a nice shade of green. I am not condoning vandalism, simply an artistic observation.

Thank goodness the minutemen weren't a bunch of *******.

The first study was done in 2008 and it reaffirmed UAB football due and in 2014 a shame job was done to discredit UAB Football. It couldnt get any stranger even if it was a prime-time TV drama.

It cost a hair under $12 million to make UAB Football competitive in 2008. How much have we paid the Board's friends to make crappy advertisements during those years?

Seriously. UAB always has the worse advertisements. And we paid that group how much?

(04-21-2015 05:59 PM)ATTALLABLAZE Wrote:  The projection was $75 million and we had pledges for $15 million. We wanted to finance $60 million. We sold out luxury boxes and attendance needed to be 18,500 average to pay for the facility.

Actually we only had pledges of a few million (very short time to raise) ((memory is a funny thing)) and also needed about 2,000 people to pay a blazer pride fee. I still think we could have done it

(04-21-2015 10:25 PM)uabbean Wrote:  

(04-21-2015 05:59 PM)ATTALLABLAZE Wrote:  The projection was $75 million and we had pledges for $15 million. We wanted to finance $60 million. We sold out luxury boxes and attendance needed to be 18,500 average to pay for the facility.

Actually we only had pledges of a few million (very short time to raise) ((memory is a funny thing)) and also needed about 2,000 people to pay a blazer pride fee. I still think we could have done it

We had $15 million in financial commitments when we proposed the stadium.

(04-21-2015 10:33 PM)demiveeman Wrote:  

(04-21-2015 10:25 PM)uabbean Wrote:  

(04-21-2015 05:59 PM)ATTALLABLAZE Wrote:  The projection was $75 million and we had pledges for $15 million. We wanted to finance $60 million. We sold out luxury boxes and attendance needed to be 18,500 average to pay for the facility.

Actually we only had pledges of a few million (very short time to raise) ((memory is a funny thing)) and also needed about 2,000 people to pay a blazer pride fee. I still think we could have done it

We had $15 million in financial commitments when we proposed the stadium.

Plus all the eighteen proposed luxury boxes were sold out for five years and with attendance of about 20K a game (someone may need to correct me on this number) we would have been able to pay off the proposed 30 year bond on time. The OCS proposal had one of the most solid financial plans I have ever seen. There could have been only one reason why the proposal never saw the light of day at a BOT meeting.....

Thanks for the link, FNblazer

(04-21-2015 11:14 PM)CajunBlazer Wrote:  There could have been only one reason why the proposal never saw the light of day at a BOT meeting.....

I've always wondered if there was more than one reason, if a failure by Mackin and Garrison to play ball with the "right" construction, cement and financing firms (or shells shielding those firms) also played a role.

(04-22-2015 06:26 AM)58-56 Wrote:  I've always wondered if there was more than one reason, if a failure by Mackin and Garrison to play ball with the "right" construction, cement and financing firms (or shells shielding those firms) also played a role.

Mere speculation, of course, but such behavior would be entirely characteristic of the people/institutions involved.

(04-22-2015 06:26 AM)58-56 Wrote:  

(04-21-2015 11:14 PM)CajunBlazer Wrote:  There could have been only one reason why the proposal never saw the light of day at a BOT meeting.....

I've always wondered if there was more than one reason, if a failure by Mackin and Garrison to play ball with the "right" construction, cement and financing firms (or shells shielding those firms) also played a role.

Well, they were probably trying to find something affordable. If we went with the right people, that stadium may have been $125 million.

(04-21-2015 10:25 PM)uabbean Wrote:  

(04-21-2015 05:59 PM)ATTALLABLAZE Wrote:  The projection was $75 million and we had pledges for $15 million. We wanted to finance $60 million. We sold out luxury boxes and attendance needed to be 18,500 average to pay for the facility.

Actually we only had pledges of a few million (very short time to raise) ((memory is a funny thing)) and also needed about 2,000 people to pay a blazer pride fee. I still think we could have done it

We had $15 million for pledges. Our debt service was $60 million.

We had 31 total luxury boxes. 27 were pre-sold. 4 were held back for University use.

Naming rights were estimated conservatively at $500K per year. ( I was told we had an offer for a million)
Assumes new premium seating revenue of $1.6M per year which includes 31 new premium
suites (27 for lease, 4 designated use), which generates new premium seating donations in
addition to generating season ticket sales. All universities with new stadiums indicated that
suites are consistently in high demand and they would have added more suites in hindsight.
 Naming rights revenue estimated at $500K per year. UCF earns $1M per year, Akron $750K
per year from naming rights.


Net revenue projected for 10 years (conservative estimates)
$817,723
$834,405
$853,087
$873,829
$896,694
$1,082,745
$1,160,048
$1,239,669
$1,321,679
$1,406,149

• Revenue Forecast
• Season Ticket Revenue/Premium Seating Detail
Season ticket revenue is estimated based on 6 levels of commitment and a 6 home game schedule:
• Suites - The stadium will have a projected 31 suites of which 4 will be designated as follows: Naming Rights Sponsor (1), UAB Athletic Director (1),
visiting athletic director (1) IMG to fulfill contractual obligation (1). 27 suites will be available to sell to corporations/individuals. A projected
80% of these suites (22) will be sold in the first year. Suites will be offered on a 1, 3 or 5 year commitment at a sales price of $30,000, $25,000 (We actually bettered the projection and sold them out.)
and $20,000 per year, respectively. In addition to the suite annual cost, each suite will have the capacity for the purchase of 20 season tickets at a
cost of $150 each. Therefore, each box will generate between $23,000 and $33,000 annually. For purposes of the pro forma and to be
conservative, it was assumed that each box will sell at $23,000 annually.
• Loge Box – 24 loge boxes will be available for corporations/individuals who would like a premium game experience at a lower price point. All 24 loge
boxes will have 4 seats at a donation level of 6,000 per box (plus $600 for season tickets) A projected 80% of these suites (19) will be sold in the
first year.
• Club Seating – Outside premium seating, with access to a luxury club level, will be available at a total of $1,150 per seat ($1,000 scholarship donation
and $150 season ticket price). Stadium is projected to have 946 club seats with 80% (756) sold in the first year.
• Premium Stadium Seating – The stadium will have approximately 2,500 premium seats located in prime locations and 80% (2,000) are projected to be
sold in the first year. There will be three levels of premium stadium seating and the donation for each seat will be dictated by the location of the
seat within the stadium ($500.00, $350.00 and $250.00). Therefore, for purposes of the pro forma, it was assumed sales would be 500 seats at
$500.00; 250 seats at $350.00; and 1,250 seats at $250.00.
• Non-Priority Seating – Season tickets will be available in areas that will not require scholarship donations. Each season ticket will sell for $150 each.
Based on current season ticket sales for both football and men’s basketball, the projection assumes 2,500 season tickets will be sold in non-priority seating areas. (We pre-sold over 4,000 in 24 hours at the C-USA tournament for perspective and we projected 2,500.)
• Student Season Tickets - Students will have the ability to purchase season tickets at a discounted rate. For purposes of the pro forma, we have
estimated 1,500 participating in this program at an average cost of $25 per ticket ($37,500 annual revenue).

Backup for Luxury Boxes:

UAB FOOTBALL STADIUM
PREMIUM SEATING- SUITES (31)
1 YEAR COMMITMENT - $ 30,000 PLUS 14 SEASON TICKETS @ $150 EACH
3 YEAR COMMITMENT - $ 25,000 PLUS 14 SEASON TICKETS @ $150 EACH
5 YEAR COMMITMENT - $ 20,000 PLUS 14 SEASON TICKETS @ $150 EACH
CORPORATE COMMITMENTS TO DATE: (14.5)
Buffalo Rock 5 Years
Robins & Morton 5 Years
Hoar Construction 5 Years
Brasfield & Gorrie 5 Years
Thompson Tractor 5 Years
O’Neal Steel 3 Years
BBVA Compass 5 Years
Sterne Agee & Leach 5 Years
Bayer Properties (Share) 5 Years
EBSCO 5 Years
Alabama Power 5 Years
Saginaw Pipe 5 Years
Trinovas 5 Years
Limbaugh Toyota 5 Years
Red Diamond 5 Years
GROUP/FAMILY/INDIVIDUAL COMMITMENTS TO DATE: (6.5)
Luc Frennette 5 Years
Cohen/Putt/ Huey 5 Years
Jimmy Filler 5 Years
Harold Ripps 5 Years
Mike Stephens (Share) 5 Years
Dr. Tim Baker 5 Years
Bill Ireland 5 Years
RELATED ORGANIZATIONS: (2)
UAB National Alumni Society 5 Years
UABHS/VIVA 5 years
SET ASIDE:
1 FOR ATHLETIC DIRECTOR
1 FOR VISITING ATHLETIC DIRECTOR
1 FOR IMG- SPORTS MARKETING (CONTRACTUAL)
1 HELD FOR STADIUM RIGHTS NAMING SPONSOR

What else does anyone want to know? I'll tell you how it was going to be built over lunch including manpower estimates, concrete, brick, how many caissons, and anything else you would like to know.

(04-22-2015 07:42 AM)blazers9911 Wrote:  

(04-22-2015 06:26 AM)58-56 Wrote:  

(04-21-2015 11:14 PM)CajunBlazer Wrote:  There could have been only one reason why the proposal never saw the light of day at a BOT meeting.....

I've always wondered if there was more than one reason, if a failure by Mackin and Garrison to play ball with the "right" construction, cement and financing firms (or shells shielding those firms) also played a role.

Well, they were probably trying to find something affordable. If we went with the right people, that stadium may have been $125 million.

And would have been greenlighted immediately, haha.

(04-22-2015 12:07 AM)Native Georgian Wrote:  Thanks for the link, FNblazer

I appreciate it, too. People toss around the Black Friday incident a lot, and I was embarrassed to ask about it since everyone else always seems to know about it already :) Great quotes from the article that resonate so well today, including:

''Thank goodness we have a very good football program. If we hadn't done well, if we were 1-10, 2-9 or 3-8 and just not doing anything, it might well be gone today. But because we've got such a strong program, I think people rallied behind it.'' - Watson Brown

''In a state where football is King Kong, I can't imagine a university really growing and getting people to come to its campus without football -- especially this state. Maybe you can go to Kentucky and have that not be true. In the state of Alabama, I think it's needed desperately.'' - Athletic Director Herman Frazier.

Attalla, thanks much for the real financial scope on the OCS. The income estimates at the time (and now) always appeared to me to be very conservative, but what is the bottom line? The initial $15M committed would have brought down the amount to be financed to $60M. Given the prevailing interest rates at the time, what were the prospects of paying off the $60M bond issue in the usual 30 years?

Still good. the numbers would change some but we would have adjusted ok as all our projections were VERY conservative.

I honestly think within ten years we would be looking to expand the stadium as the bowl would want to move there and we would max it out with success.

(04-22-2015 08:55 AM)ATTALLABLAZE Wrote:  Still good. the numbers would change some but we would have adjusted ok as all our projections were VERY conservative.

I honestly think within ten years we would be looking to expand the stadium as the bowl would want to move there and we would max it out with success.

Am I reading the projection correctly that it assumes zero revenue from non-football uses?

(04-22-2015 08:38 AM)thebernreuter Wrote:  

(04-22-2015 12:07 AM)Native Georgian Wrote:  Thanks for the link, FNblazer

I appreciate it, too. People toss around the Black Friday incident a lot, and I was embarrassed to ask about it since everyone else always seems to know about it already :) Great quotes from the article that resonate so well today, including:

''Thank goodness we have a very good football program. If we hadn't done well, if we were 1-10, 2-9 or 3-8 and just not doing anything, it might well be gone today. But because we've got such a strong program, I think people rallied behind it.'' - Watson Brown

''In a state where football is King Kong, I can't imagine a university really growing and getting people to come to its campus without football -- especially this state. Maybe you can go to Kentucky and have that not be true. In the state of Alabama, I think it's needed desperately.'' - Athletic Director Herman Frazier.

And here's the thing about that quote, even in Kentucky they play football, and at Louisville (which I think everyone could agree is as close to a match for UAB as a peer institution as you can get) they're pretty decent at both.