(07-22-2015 09:10 AM)T_Won1 Wrote: (07-22-2015 08:56 AM)eager eagle Wrote: (07-21-2015 05:19 PM)TechAlum05 Wrote: With Conference USA Football Media Day coming up this week, we want to give everyone a review of Louisiana Tech’s football program since the victory over Illinois at the Heart of Dallas in late December 2014.
http://latechreport.com/2015/07/21/louis...he-future/
Tech is tossing around a $22mil figure for their new end zone project. The structure cost was $14mil and I wonder if any of you can tell us where the other $8mil was used.
Do you have a link showing it was $14 million? I don't know how one would prove the cost without actually seeing the receipts.
This is all I've got: "$22 million is great, but what we got for $22 million when it's all said and done is incredible." Tech AD Tommy McClelland.
Capital improvements (building const, etc) on any campus in the University of Louisiana System must be approved by the Board of Supervisors. To gain approval the school must present an explanation of the project as a whole, the projected cost, the sources of the funds, and how any loans are to be repaid.
La Tech, after long efforts, secured all the necessary info and officially presented their project as a package for approval to the Board of Supervisors at their Dec 13, 2013 meeting (see attached link). One can start at about page 6 or 7 where La Tech officials described the project, uses, etc, then outlined sources of funds (slightly less than half from donors and slightly more than half from student fee), then disclosed a breakdown on how the funds would be spent. The breakdown listed the building cost as $14,000,000 and others such as $700,000 furnishings, $1,400,000 reserve for future maintenance, $1,000,000 for contingencies, $1,600,000 for architect, and $200,000 bond issue cost for a total of $18,900,000.
My question is if they now say the cost was $22mil then where did they get the additional $3,100,000 and on what was it spent since everything was already covered in the original package?
http://ulsystem.edu/assets/docs/searchab...6%2013.PDF