(02-21-2012 10:59 AM)HuskieJohn Wrote:  

(02-21-2012 10:44 AM)HuskieJ Wrote:  

(02-21-2012 10:09 AM)HuskieJohn Wrote:  

(02-21-2012 09:45 AM)gcd Wrote:  http://www.pantagraph.com/sports/college...3ce6c.html


There is no doubt if ISU ever reaches this goal, which I don't think they will, they would in all probability want to enter the MAC. I would only admit them if they moved all sports in, and that includes basketball. I don't think they would ever agree to it.

If we used this same method it looks like we could move quickly on the West side renovation IF it includes more/expanded suites and club seats to pay for it over 10-20 years.


Funding sources

2012 bonds.......................................$20 million

2008 bonds......................................$1.5 million

University General Fund......................$1 million

Private contributions........................$2.5 million

Total..................................................$25 million

Read more: http://www.pantagraph.com/sports/college...z1n1rWCseP

I pointed this out a few weeks back also. Pitiful the amount of private money involved. Look at total for NIU over the last 10 years - COB, Welcome Center, Yordon, now IPF. Taxpayers should be all over this plan.

We are not going to come up with the whole 15-20mil for our West side renovation from private money. Maybe at most 2.5 mil in donations, another 7.5mil from the sale of suites over 10 years and any sponsorships but that will be about the max of the outside money. I would expect 10-12 mil needed in bonds for that size of a project.

The stadium renovation is going to become a safety concern at some point soon since it is the same age as Hancock Stadium. The lack of bathrooms and good concessions also really hurts attracting & keeping our casual fan base.

Not sure how this works, but i think a school can get the money through bond issues if it is for revovation