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Backers of new UAB football stadium hope to get project back on track
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WesternBlazer Online
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Post: #1
Exclamation Backers of new UAB football stadium hope to get project back on track
10-06-2017 06:16 PM
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mixduptransistor Offline
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RE: Backers of new UAB football stadium hope to get project back on track
If this thing falls apart because someone can't come up with $3 million a year then just shut the whole place down
10-06-2017 06:20 PM
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WesternBlazer Online
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RE: Backers of new UAB football stadium hope to get project back on track
(10-06-2017 06:20 PM)mixduptransistor Wrote:  If this thing falls apart because someone can't come up with $3 million a year then just shut the whole place down

+infinity
10-06-2017 06:21 PM
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hooverblazer Offline
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RE: Backers of new UAB football stadium hope to get project back on track
$3M/yr is all we're lacking??? That shouldn't be some huge problem.

I'm assuming this will be on a 30 year bond. So the city can get a $175M new stadium done with only a $90M investment spread over 30 years? That should be a no brainer. That only leaves the city picking up 51% of the cost.
(This post was last modified: 10-06-2017 07:51 PM by hooverblazer.)
10-06-2017 07:47 PM
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mixduptransistor Offline
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RE: Backers of new UAB football stadium hope to get project back on track
(10-06-2017 07:47 PM)hooverblazer Wrote:  $3M/yr is all we're lacking??? That shouldn't be some huge problem.

I'm assuming this will be on a 30 year bond. So the city can get a $175M new stadium done with only a $90M investment spread over 30 years? That should be a no brainer. That only leaves the city picking up 51% of the cost.

The city's contribution is $3m. That's on top of what the BJCC and Jefferson County would be putting in towards the bonds
10-06-2017 08:29 PM
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hooverblazer Offline
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RE: Backers of new UAB football stadium hope to get project back on track
(10-06-2017 08:29 PM)mixduptransistor Wrote:  
(10-06-2017 07:47 PM)hooverblazer Wrote:  $3M/yr is all we're lacking??? That shouldn't be some huge problem.

I'm assuming this will be on a 30 year bond. So the city can get a $175M new stadium done with only a $90M investment spread over 30 years? That should be a no brainer. That only leaves the city picking up 51% of the cost.

The city's contribution is $3m. That's on top of what the BJCC and Jefferson County would be putting in towards the bonds

Exactly. My point was if the BJCC and Jeffco are putting in enough to make the city's investment only $3m/yr it should get done no question.
10-06-2017 09:33 PM
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rook360 Offline
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Post: #7
RE: Backers of new UAB football stadium hope to get project back on track
$3mil is still $3,000,000.00 it'll be awesome if they can budget.
10-07-2017 06:48 AM
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WesternBlazer Online
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RE: Backers of new UAB football stadium hope to get project back on track
0.7% of Birmingham budget...
10-07-2017 07:59 AM
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ATTALLABLAZE Offline
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Post: #9
RE: Backers of new UAB football stadium hope to get project back on track
It's more than that.

Stadium - 174 mil
Renovation - 123 mil

That's old numbers too. The project price tag will be over 300m. Waiting keeps costing more money. Woodfin also wants UAB to pay for a portion of this project and that's not happeneing. Let's see what happens. Initial conversions with RW and the foundation were positive I heard but we still have a field to plow.

Birmingham is actually getting a bigger bang for its buck with only a 3 mil a year investment.
(This post was last modified: 10-07-2017 08:42 AM by ATTALLABLAZE.)
10-07-2017 08:39 AM
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rook360 Offline
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RE: Backers of new UAB football stadium hope to get project back on track
(10-07-2017 08:39 AM)ATTALLABLAZE Wrote:  It's more than that.

Stadium - 174 mil
Renovation - 123 mil

That's old numbers too. The project price tag will be over 300m. Waiting keeps costing more money. Woodfin also wants UAB to pay for a portion of this project and that's not happeneing. Let's see what happens. Initial conversions with RW and the foundation were positive I heard but we still have a field to plow.

Birmingham is actually getting a bigger bang for its buck with only a 3 mil a year investment.

Attalla, in your opinion if UAB contributes to building it would that mean UAB would have some say in it as far as scheduling and revenue from events at the stadium?
10-07-2017 09:07 AM
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