Yep. $75,000,000 total. Debt service for $60,000,000 of that amount. Projected operating revenue ranged from $5,782,723 in the first year to $6,875,635 in the 10th year. The ticket revenue portion was based on season ticket sales of 7,272 and single-game ticket sales of 16,060.
27 individuals and corporations made the five-year, $100,000 commitments for suites.
So 23,332 PAID attendance was used for the ticket revenue ... good luck with that. That's not including students and comps.
Yep. $75,000,000 total. Debt service for $60,000,000 of that amount. Projected operating revenue ranged from $5,782,723 in the first year to $6,875,635 in the 10th year. The ticket revenue portion was based on season ticket sales of 7,272 and single-game ticket sales of 16,060.
27 individuals and corporations made the five-year, $100,000 commitments for suites.
So 23,332 PAID attendance was used for the ticket revenue ... good luck with that. That's not including students and comps.
And UAb only hit that number a handful of times over their first 20 years of existence.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 01:58 PM)Usajags Wrote: Does this mean the end to Ladd???
I have always disliked the idea of bowl games at OCS's everywhere. I would hope they keep those games at Ladd and continue to improve that stadium. After all, high schools will still need a place to play.
Ladd will be paid a paltry 45,000 by the Mobile County Public School system in rent for home games. The cost of operation of Ladd-Peebles is between 250,000 and 410,000 (depending upon whom you ask). Assuming that the stadium can be operated with appropriate allowances for maintenance at the 250,000 a year level, then I see no need to tear down infrastructure that has uses. Add 30% to the cost charged to the High Schools, and eat the rest while looking for other uses. The Senior Bowl will most definitely move to USA's stadium as they've been screaming about how bad the old stadium was for years. Go Daddy....might stay there.
Besides Four High Schools in the Mobile County School System use the stadium. Maybe we could just sell the stadium to the School System. Or just GIVE it to them.
(This post was last modified: 07-07-2015 02:35 PM by Tom in Lazybrook.)
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 02:32 PM)Tom in Lazybrook Wrote:
(07-07-2015 01:58 PM)Usajags Wrote: Does this mean the end to Ladd???
I have always disliked the idea of bowl games at OCS's everywhere. I would hope they keep those games at Ladd and continue to improve that stadium. After all, high schools will still need a place to play.
Ladd will be paid a paltry 45,000 by the Mobile County Public School system in rent for home games. The cost of operation of Ladd-Peebles is between 250,000 and 410,000 (depending upon whom you ask). Assuming that the stadium can be operated with appropriate allowances for maintenance at the 250,000 a year level, then I see no need to tear down infrastructure that has uses. Add 30% to the cost charged to the High Schools, and eat the rest while looking for other uses. The Senior Bowl will most definitely move to USA's stadium as they've been screaming about how bad the old stadium was for years. Go Daddy....might stay there.
Besides Four High Schools in the Mobile County School System use the stadium. Maybe we could just sell the stadium to the School System. Or just GIVE it to them.
The school system was offered a chance to purchase Ladd for the princely sum of $1 a couple of years ago. They declined.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
With South playing at Ladd, I understand that being the main focus of Ladd. Now that we may be leaving, I wish they would find a way to utilize that stadium more. International soccer matches, motorcross, spring football league(if another one ever starts), concerts, anything to bring use and keep it updated.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
Quote:The University of South Alabama has initiated a preliminary exploration of the financial, logistical and infrastructural requirements associated with the possible construction of an on-campus football stadium. At this time, no decision has been made about whether or not the University will proceed with plans for construction of a football stadium.
“Construction of a football stadium is an extremely complex undertaking that requires significant due diligence on the part of the University leadership, and we are at the very beginning of a process that will examine all the issues we must considerbefore a decision can be made,” said USA President Tony Waldrop.
I hope USA gets their on-campus stadium but the quote and bolded parts just represent some of the things I see wrong with higher-ed. How non-committal can you be? Is this so the faculty or students don't revolt? So they can demonstrate shared governance? So they can justify raising student athletic fees? What kind of politics are going on there?
I know many schools do athletic related studies but seems like they are just a show to tell them what they want to hear.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 02:48 PM)rokamortis Wrote:
Quote:The University of South Alabama has initiated a preliminary exploration of the financial, logistical and infrastructural requirements associated with the possible construction of an on-campus football stadium. At this time, no decision has been made about whether or not the University will proceed with plans for construction of a football stadium.
“Construction of a football stadium is an extremely complex undertaking that requires significant due diligence on the part of the University leadership, and we are at the very beginning of a process that will examine all the issues we must considerbefore a decision can be made,” said USA President Tony Waldrop.
I hope USA gets their on-campus stadium but the quote and bolded parts just represent some of the things I see wrong with higher-ed. How non-committal can you be? Is this so the faculty or students don't revolt? So they can demonstrate shared governance? So they can justify raising student athletic fees? What kind of politics are going on there?
I know many schools do athletic related studies but seems like they are just a show to tell them what they want to hear.
But we are not UAb, our BoT and president are behind us, not setting up a roadblock in front of us.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 02:40 PM)AtlantaJag Wrote:
(07-07-2015 02:32 PM)Tom in Lazybrook Wrote:
(07-07-2015 01:58 PM)Usajags Wrote: Does this mean the end to Ladd???
I have always disliked the idea of bowl games at OCS's everywhere. I would hope they keep those games at Ladd and continue to improve that stadium. After all, high schools will still need a place to play.
Ladd will be paid a paltry 45,000 by the Mobile County Public School system in rent for home games. The cost of operation of Ladd-Peebles is between 250,000 and 410,000 (depending upon whom you ask). Assuming that the stadium can be operated with appropriate allowances for maintenance at the 250,000 a year level, then I see no need to tear down infrastructure that has uses. Add 30% to the cost charged to the High Schools, and eat the rest while looking for other uses. The Senior Bowl will most definitely move to USA's stadium as they've been screaming about how bad the old stadium was for years. Go Daddy....might stay there.
Besides Four High Schools in the Mobile County School System use the stadium. Maybe we could just sell the stadium to the School System. Or just GIVE it to them.
The school system was offered a chance to purchase Ladd for the princely sum of $1 a couple of years ago. They declined.
I think two schools use it for their home games, Murphy and Williamson. I think McGill-Toolen plays built its own stadium recently.
Yep. $75,000,000 total. Debt service for $60,000,000 of that amount. Projected operating revenue ranged from $5,782,723 in the first year to $6,875,635 in the 10th year. The ticket revenue portion was based on season ticket sales of 7,272 and single-game ticket sales of 16,060.
27 individuals and corporations made the five-year, $100,000 commitments for suites.
The bowl games will probably move to the new stadium. Does that include revenue from hosting the Senior Bowl and GoDaddy Bowl.
Of course not.
Why in the world would UAB have done projections that included the Senior Bowl and the GoDaddy Bowl?
I thought you were projecting revenues for USA based upon UAB projections.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 02:48 PM)rokamortis Wrote:
Quote:The University of South Alabama has initiated a preliminary exploration of the financial, logistical and infrastructural requirements associated with the possible construction of an on-campus football stadium. At this time, no decision has been made about whether or not the University will proceed with plans for construction of a football stadium.
“Construction of a football stadium is an extremely complex undertaking that requires significant due diligence on the part of the University leadership, and we are at the very beginning of a process that will examine all the issues we must considerbefore a decision can be made,” said USA President Tony Waldrop.
I hope USA gets their on-campus stadium but the quote and bolded parts just represent some of the things I see wrong with higher-ed. How non-committal can you be? Is this so the faculty or students don't revolt? So they can demonstrate shared governance? So they can justify raising student athletic fees? What kind of politics are going on there?
I know many schools do athletic related studies but seems like they are just a show to tell them what they want to hear.
I'm fairly sure it's just a politically correct way of saying "We're building a friggin' stadium, y'all."
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 04:06 PM)FloridaJag Wrote:
(07-07-2015 02:40 PM)AtlantaJag Wrote:
(07-07-2015 02:32 PM)Tom in Lazybrook Wrote:
(07-07-2015 01:58 PM)Usajags Wrote: Does this mean the end to Ladd???
I have always disliked the idea of bowl games at OCS's everywhere. I would hope they keep those games at Ladd and continue to improve that stadium. After all, high schools will still need a place to play.
Ladd will be paid a paltry 45,000 by the Mobile County Public School system in rent for home games. The cost of operation of Ladd-Peebles is between 250,000 and 410,000 (depending upon whom you ask). Assuming that the stadium can be operated with appropriate allowances for maintenance at the 250,000 a year level, then I see no need to tear down infrastructure that has uses. Add 30% to the cost charged to the High Schools, and eat the rest while looking for other uses. The Senior Bowl will most definitely move to USA's stadium as they've been screaming about how bad the old stadium was for years. Go Daddy....might stay there.
Besides Four High Schools in the Mobile County School System use the stadium. Maybe we could just sell the stadium to the School System. Or just GIVE it to them.
The school system was offered a chance to purchase Ladd for the princely sum of $1 a couple of years ago. They declined.
I think two schools use it for their home games, Murphy and Williamson. I think McGill-Toolen plays built its own stadium recently.
Murphy, Williamson, and Davidson use it exclusively for home games. LeFlore uses it periodically. Where does BC Rain play?
(This post was last modified: 07-07-2015 06:45 PM by Tom in Lazybrook.)
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 02:48 PM)rokamortis Wrote:
Quote:The University of South Alabama has initiated a preliminary exploration of the financial, logistical and infrastructural requirements associated with the possible construction of an on-campus football stadium. At this time, no decision has been made about whether or not the University will proceed with plans for construction of a football stadium.
“Construction of a football stadium is an extremely complex undertaking that requires significant due diligence on the part of the University leadership, and we are at the very beginning of a process that will examine all the issues we must considerbefore a decision can be made,” said USA President Tony Waldrop.
I hope USA gets their on-campus stadium but the quote and bolded parts just represent some of the things I see wrong with higher-ed. How non-committal can you be? Is this so the faculty or students don't revolt? So they can demonstrate shared governance? So they can justify raising student athletic fees? What kind of politics are going on there?
I know many schools do athletic related studies but seems like they are just a show to tell them what they want to hear.
That is just how USA is and how USA has always been. Even during realignment when being interviewed or asked questions, DJE was very middle-of-the-road with respect to his opinion of our current home and his opinion of the possibility of moving somewhere else.
Even so, they do have to play a lot of politics when discussing an OCS. The USA system does not only fund the University but also the medical center.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 04:08 PM)FloridaJag Wrote:
(07-07-2015 01:52 PM)AtlantaJag Wrote:
(07-07-2015 01:43 PM)FloridaJag Wrote:
(07-07-2015 10:56 AM)BeliefBlazer Wrote:
(07-06-2015 07:48 PM)HCJag Wrote: Did you ever hear any estimates on this?
Yep. $75,000,000 total. Debt service for $60,000,000 of that amount. Projected operating revenue ranged from $5,782,723 in the first year to $6,875,635 in the 10th year. The ticket revenue portion was based on season ticket sales of 7,272 and single-game ticket sales of 16,060.
27 individuals and corporations made the five-year, $100,000 commitments for suites.
The bowl games will probably move to the new stadium. Does that include revenue from hosting the Senior Bowl and GoDaddy Bowl.
Of course not.
Why in the world would UAB have done projections that included the Senior Bowl and the GoDaddy Bowl?
I thought you were projecting revenues for USA based upon UAB projections.
It wasn't me. BeliefBlazer was answering a question about their proposed stadium.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-07-2015 02:44 PM)GaSouthern Wrote: I'm sure I missed it but what kind of target capacity would the stadium have? 30K?
Between 35,000 and 45,000 if the GoDaddy Bowl and Senior Bowl are going to vacate Ladd-Peebles Stadium and play there. Word is that the community doesn't want to lose either bowl game. This OCS stadium will not be of the erector set variety and will be quite expensive to build, thus the study by the University to determine the feasibility where and how large. Friends in Mobile close to USA say that one will be built soon.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-10-2015 12:43 PM)Beltfan Wrote:
(07-07-2015 02:44 PM)GaSouthern Wrote: I'm sure I missed it but what kind of target capacity would the stadium have? 30K?
Between 35,000 and 45,000 if the GoDaddy Bowl and Senior Bowl are going to vacate Ladd-Peebles Stadium and play there. Word is that the community doesn't want to lose either bowl game. This OCS stadium will not be of the erector set variety and will be quite expensive to build, thus the study by the University to determine the feasibility where and how large. Friends in Mobile close to USA say that one will be built soon.
Doesn't need to be any larger than 35,000 and I doubt USA would allow it to be as they want the stadium to be nearer to capacity for most games. I think 30,000 is the most favorable number, but we'll see what the other parties involved get. The visiting fanbases for the GoDaddy Bowl need no more than 20,000 seats in a typical year - the rest of the tickets are freebies given away to locals. The Senior Bowl is much more concerned about making the NFL and ESPN happy so that the game stays in Mobile as opposed to the folks who attend the game. Besides, Ladd is only 38,000 now, so they could easily lose 3,000 seats and not cause an uproar.
You're right that this stadium is going to be a top-notch facility and I'm sure there will be a growth of nearby amenities as part of the project.
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
(07-10-2015 01:37 PM)AtlantaJag Wrote:
(07-10-2015 12:43 PM)Beltfan Wrote:
(07-07-2015 02:44 PM)GaSouthern Wrote: I'm sure I missed it but what kind of target capacity would the stadium have? 30K?
Between 35,000 and 45,000 if the GoDaddy Bowl and Senior Bowl are going to vacate Ladd-Peebles Stadium and play there. Word is that the community doesn't want to lose either bowl game. This OCS stadium will not be of the erector set variety and will be quite expensive to build, thus the study by the University to determine the feasibility where and how large. Friends in Mobile close to USA say that one will be built soon. Now, does that include the SBC, well we will have to wait and see.
Doesn't need to be any larger than 35,000 and I doubt USA would allow it to be as they want the stadium to be nearer to capacity for most games. I think 30,000 is the most favorable number, but we'll see what the other parties involved get. The visiting fanbases for the GoDaddy Bowl need no more than 20,000 seats in a typical year - the rest of the tickets are freebies given away to locals. The Senior Bowl is much more concerned about making the NFL and ESPN happy so that the game stays in Mobile as opposed to the folks who attend the game. Besides, Ladd is only 38,000 now, so they could easily lose 3,000 seats and not cause an uproar.
You're right that this stadium is going to be a top-notch facility and I'm sure there will be a growth of nearby amenities as part of the project.
Personally, I would like to see the Jaguars' new stadium seat at the very least 35,000. We couldn't get another SEC to do another 2 for 1 with anything less, IMO. 40,000 would not be out of reach due to the rapid growth and interest in CFB. I'm quite aware of the slight downslide in attendance is recent years, but the "experts" are predicting an increase in the next few years.
(This post was last modified: 07-10-2015 06:01 PM by JoeJag.)
RE: University of South Alabama Initiates Exploratory Process for Football Stadium
I'm hoping for 32-36K. That might satisfy the Senior Bowl and still get us a few P5 games. Also, Troy's done OK with getting MSU, Duke, Navy and NCSU to visit there with a similar sized stadium, and we'd still trim a few seats from the Ladd number to give us a better atmosphere.
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University of South Alabama Initiates Exploratory Process for Football Stadium
