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Monarchblue Offline
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Post: #601
RE: NEW stadium construction
(03-04-2018 09:06 AM)monarx Wrote:  If they haven’t ordered the steel yet, does anyone think the admin uses the tariff price hikes as an excuse to abandon the project? Seems with the lack of progress, they are either working to find a way to make something good in spite of the challenges, or looking for a way out. This steel issue could be the latter.
I know they are still meeting regularly with Populous, and that they clearly don't think Foreman is structurally sound enough to continue using, so I doubt it.

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03-04-2018 05:09 PM
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Monarchblue Offline
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Post: #602
RE: NEW stadium construction
(03-04-2018 09:19 AM)T-Mac Wrote:  What about automatically enrolling every student into ODAF and setting up a per semester donation. It would increase ODAF membership and allow the students to start gaining status with ODAF earlier. If anyone adamantly opposes, they can file an application to not be charged. Obviously, there are legal hoops to jump through which may make this plan unfeasible, but it's maybe worth looking into.

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That's interesting. I was also wondering if the school is REQUIRED to make teams pay for their scholarships, or if there is any way around that cost coming from the athletics budget.

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03-04-2018 05:11 PM
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panama Offline
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Post: #603
RE: NEW stadium construction
(03-04-2018 10:49 AM)ODUDrunkard13 Wrote:  
(03-04-2018 10:21 AM)panama Wrote:  
(03-04-2018 12:52 AM)ODUDrunkard13 Wrote:  
(03-04-2018 12:05 AM)ODUalum78 Wrote:  
(03-03-2018 09:52 PM)ODUDrunkard13 Wrote:  So, why was GSU at 77.74% in 2016? ODU has until 2021 to get to 55% and is on track. But that limit clearly restricts their ability to add too much long-term debt to the athletic department.

Edit; I did a quick search and couldn't find anything about student athletic fee limit laws in Georgia. Could you send a link? I'd like to see how it compares to Virginia.

65% in Georgia
https://www.huffingtonpost.com/entry/geo...96c1825fca

So, my point remains. No G5 is working with the same restrictions as ODU. Thanks for confirming.
You're not paying for a stadium with student fees

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You're going to cover the debt service on the stadium with your athletic budget. And when the majority of your budget is subsidized by student fees, a lot of your stadium will be paid for with student fees.
Naw...

GSU Foundation wrote a check

True story

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03-04-2018 10:15 PM
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ODUDrunkard13 Offline
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Post: #604
RE: NEW stadium construction
(03-04-2018 10:15 PM)panama Wrote:  
(03-04-2018 10:49 AM)ODUDrunkard13 Wrote:  
(03-04-2018 10:21 AM)panama Wrote:  
(03-04-2018 12:52 AM)ODUDrunkard13 Wrote:  
(03-04-2018 12:05 AM)ODUalum78 Wrote:  65% in Georgia
https://www.huffingtonpost.com/entry/geo...96c1825fca

So, my point remains. No G5 is working with the same restrictions as ODU. Thanks for confirming.
You're not paying for a stadium with student fees

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You're going to cover the debt service on the stadium with your athletic budget. And when the majority of your budget is subsidized by student fees, a lot of your stadium will be paid for with student fees.
Naw...

GSU Foundation wrote a check

True story

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Yeah, that's usually what happens when someone takes a loan out. They use it. By the way, this discussion was started with what was different about ODU and Coastal, a program that is subsidized more than any other FBS program. And you have yet to prove out your initial point.
(This post was last modified: 03-05-2018 12:10 AM by ODUDrunkard13.)
03-05-2018 12:02 AM
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panama Offline
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Post: #605
NEW stadium construction
The Foundation writing a check down not equal a loan.

My only point for ANY program is that where the President, endowment foundation board and board of Regents/Trustees are in accord then things get done and fast. Coastal is great example. Everyone quickly got on board and their only hangup was the state. Once they cleared that hurdle we can see how quickly they have put together two phases. What's happening with ODU's stadium makes no sense unless someone in the chain is providing opposition.

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03-05-2018 09:16 AM
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ODUDrunkard13 Offline
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Post: #606
RE: NEW stadium construction
(03-05-2018 09:16 AM)panama Wrote:  The Foundation writing a check down not equal a loan.

My only point for ANY program is that where the President, endowment foundation board and board of Regents/Trustees are in accord then things get done and fast. Coastal is great example. Everyone quickly got on board and their only hangup was the state. Once they cleared that hurdle we can see how quickly they have put together two phases. What's happening with ODU's stadium makes no sense unless someone in the chain is providing opposition.

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I read the article announcing the purchase. They discussed how they would fund the cost of the stadium and the renovations. That's a loan. If they had the cash on hand, they wouldn't have to discuss how they would pay for it.

Quote:The school plans to fund the project with proceeds from its bookstore, parking operations, housing and other sources, as well as private fundraising.
Link; http://www.espn.com/college-football/sto...28-million

Coastal is subsidized at 83.92%. They dont have to worry about funding a stadium when their subsidy ratio doesn't matter. We do. It's the biggest difference between the two programs. Couch as something else all you want, but it's the reason they can move swiftly.
(This post was last modified: 03-05-2018 09:45 AM by ODUDrunkard13.)
03-05-2018 09:37 AM
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monarx Offline
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Post: #607
RE: NEW stadium construction
(03-05-2018 09:16 AM)panama Wrote:  What's happening with ODU's stadium makes no sense unless someone in the chain is providing opposition.

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That would be the state government because we have no representation or clout.
03-05-2018 10:06 AM
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Monarchblue Offline
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Post: #608
RE: NEW stadium construction
(03-05-2018 09:16 AM)panama Wrote:  The Foundation writing a check down not equal a loan.

My only point for ANY program is that where the President, endowment foundation board and board of Regents/Trustees are in accord then things get done and fast. Coastal is great example. Everyone quickly got on board and their only hangup was the state. Once they cleared that hurdle we can see how quickly they have put together two phases. What's happening with ODU's stadium makes no sense unless someone in the chain is providing opposition.

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Yep. Coastal fought the state legislature and won. We just complain about the legislature.
03-05-2018 10:29 AM
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ODUalum78 Offline
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Post: #609
RE: NEW stadium construction
(03-05-2018 10:29 AM)Monarchblue Wrote:  
(03-05-2018 09:16 AM)panama Wrote:  The Foundation writing a check down not equal a loan.

My only point for ANY program is that where the President, endowment foundation board and board of Regents/Trustees are in accord then things get done and fast. Coastal is great example. Everyone quickly got on board and their only hangup was the state. Once they cleared that hurdle we can see how quickly they have put together two phases. What's happening with ODU's stadium makes no sense unless someone in the chain is providing opposition.

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Yep. Coastal fought the state legislature and won. We just complain about the legislature.

What fight with the legislature do you recommend?

1. The Virginia law that prohibits public colleges and universities from using tuition dollars or state funds to support intercollegiate athletics?
All money for these programs must be raised from student fees, ticket sales, media revenues, product sales, licensing agreements, user fees, and private donations, period. No re-allocations of left over monies from other budget catagories, no use of non athletic rainy day funds, no renamed or hidden fees, etc.

2. Or the Cox law that caps our use of student fees at 55%?
That was just enacted two or three years ago, and with the enthusiasm the Cox bill received, No. 1 will be a tough nut to crack.

Barring some sort of special waiver, those are our legislative options.

04-cheers
(This post was last modified: 03-05-2018 11:41 AM by ODUalum78.)
03-05-2018 11:38 AM
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ODUBB35 Offline
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Post: #610
RE: NEW stadium construction
I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)
03-05-2018 11:47 AM
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cmett003 Offline
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Post: #611
RE: NEW stadium construction
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

I think they are raising student fees for the project because the project was grandfathered in. They announced the project before all of the state legislature stuff.

I am glad they are spending a bunch of money in basketball. They are still going to be terrible. I would more upset if they were putting $80 million into their football stadium.
03-05-2018 11:53 AM
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ODUBB35 Offline
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Post: #612
RE: NEW stadium construction
(03-05-2018 11:53 AM)cmett003 Wrote:  
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

I think they are raising student fees for the project because the project was grandfathered in. They announced the project before all of the state legislature stuff.

I am glad they are spending a bunch of money in basketball. They are still going to be terrible. I would more upset if they were putting $80 million into their football stadium.

I thought our football stadium was grandfathered in as well.
03-05-2018 11:57 AM
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ODU804 Offline
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Post: #613
RE: NEW stadium construction
(03-05-2018 11:53 AM)cmett003 Wrote:  
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

I think they are raising student fees for the project because the project was grandfathered in. They announced the project before all of the state legislature stuff.

I am glad they are spending a bunch of money in basketball. They are still going to be terrible. I would more upset if they were putting $80 million into their football stadium.

I'm not so sure about the grandfathered part. I believe the project had to have already been approved through the assembly prior to the Cox bill and ours wasn't yet. Our basketball practice facility was grandfathered.
03-05-2018 11:59 AM
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ODU804 Offline
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Post: #614
RE: NEW stadium construction
(03-05-2018 11:59 AM)ODU804 Wrote:  
(03-05-2018 11:53 AM)cmett003 Wrote:  
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

I think they are raising student fees for the project because the project was grandfathered in. They announced the project before all of the state legislature stuff.

I am glad they are spending a bunch of money in basketball. They are still going to be terrible. I would more upset if they were putting $80 million into their football stadium.

I'm not so sure about the grandfathered part. I believe the project had to have already been approved through the assembly prior to the Cox bill and ours wasn't yet. Our basketball practice facility was grandfathered.

Sorry, forget everything i just said...i just reread your post and see that you were talking about JMU. Attention to detail was never my strong suit.
03-05-2018 12:00 PM
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ODUalum78 Offline
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RE: NEW stadium construction
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

That was approved by the legislature in 2011.
03-05-2018 12:46 PM
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ODUDrunkard13 Offline
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Post: #616
RE: NEW stadium construction
(03-05-2018 11:59 AM)ODU804 Wrote:  Our basketball practice facility was grandfathered.

It was paid for completely with private donations. It didn't need to be grandfathered.
03-05-2018 12:51 PM
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monarx Offline
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Post: #617
RE: NEW stadium construction
(03-05-2018 12:46 PM)ODUalum78 Wrote:  
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

That was approved by the legislature in 2011.

Our stadium should have been approved several years ago too. Who dropped the ball at ODU? Then Cox said the stadium could be grandfathered in, and somehow that didnt happen either.
03-05-2018 12:57 PM
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ODUalum78 Offline
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RE: NEW stadium construction
(03-05-2018 12:57 PM)monarx Wrote:  
(03-05-2018 12:46 PM)ODUalum78 Wrote:  
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

That was approved by the legislature in 2011.

Our stadium should have been approved several years ago too. Who dropped the ball at ODU? Then Cox said the stadium could be grandfathered in, and somehow that didnt happen either.
I wish I knew
Maybe someone else has the answer.
We should have been able to "grandfather" the stadium, even Kirkland Cox said he thought we would.

On the surface it would seem that we (ODU) did not react in a timely manner, and lost the window?
I just don't know
03-05-2018 01:15 PM
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Sidewinder Offline
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RE: NEW stadium construction
(03-05-2018 01:15 PM)ODUalum78 Wrote:  
(03-05-2018 12:57 PM)monarx Wrote:  
(03-05-2018 12:46 PM)ODUalum78 Wrote:  
(03-05-2018 11:47 AM)ODUBB35 Wrote:  I'm still curious how JMU can afford an $80 million basketball stadium but we can't get that for football. They are under the same law that we are.

Someone at ODU needs to get on the ball. (and if they have, give us a little hint of info.)

That was approved by the legislature in 2011.

Our stadium should have been approved several years ago too. Who dropped the ball at ODU? Then Cox said the stadium could be grandfathered in, and somehow that didnt happen either.
I wish I knew
Maybe someone else has the answer.
We should have been able to "grandfather" the stadium, even Kirkland Cox said he thought we would.

On the surface it would seem that we (ODU) did not react in a timely manner, and lost the window?
I just don't know

I think ODU could have gotten the stadium process started sooner than they did. When announcing the move to FBS in May 2012, they knew a new stadium would be necessary. But instead of moving right away on stadium plans, the admin decided to delay committing on a stadium until the new master plan was completed. So any real stadium decisions were delayed for about a year, for the new master plan to be finalized.

Also, the Populous study was completed about a year later than expected, but that was mostly out of the admin's control. I remember that the general assembly had some delay the year ODU was requesting funding for that study. Then the study took about 6 months longer than expected. Add to that the 55% student fee funding restriction, and here we are nearly 6 years later.
03-05-2018 01:35 PM
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Monarchblue Offline
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RE: NEW stadium construction
(03-05-2018 11:38 AM)ODUalum78 Wrote:  
(03-05-2018 10:29 AM)Monarchblue Wrote:  
(03-05-2018 09:16 AM)panama Wrote:  The Foundation writing a check down not equal a loan.

My only point for ANY program is that where the President, endowment foundation board and board of Regents/Trustees are in accord then things get done and fast. Coastal is great example. Everyone quickly got on board and their only hangup was the state. Once they cleared that hurdle we can see how quickly they have put together two phases. What's happening with ODU's stadium makes no sense unless someone in the chain is providing opposition.

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Yep. Coastal fought the state legislature and won. We just complain about the legislature.

What fight with the legislature do you recommend?

1. The Virginia law that prohibits public colleges and universities from using tuition dollars or state funds to support intercollegiate athletics?
All money for these programs must be raised from student fees, ticket sales, media revenues, product sales, licensing agreements, user fees, and private donations, period. No re-allocations of left over monies from other budget catagories, no use of non athletic rainy day funds, no renamed or hidden fees, etc.

2. Or the Cox law that caps our use of student fees at 55%?
That was just enacted two or three years ago, and with the enthusiasm the Cox bill received, No. 1 will be a tough nut to crack.

Barring some sort of special waiver, those are our legislative options.

04-cheers

I believe they should have fought the Cox bill. And they should have fought to get the football stadium grandfathered as it was inferred that it would be prior to the passage of this absurd law. There was a very reasonable case to be made on why the Cox bill did nothing of any consequence for VA college students, and that a loud enough campaign to get that message out could have potentially defeated the bill.

Yes it was popular, but lets be honest, very few people know what it actually accomplished, which was basically nothing.
03-05-2018 01:49 PM
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