(09-29-2017 11:51 AM)vabearcat Wrote:  

(09-29-2017 11:32 AM)Philly Brian Wrote:  The community would be the neighbors who live near Temple.
Also you are correct about the old Temple stadium. The property was demolished and sold to a church. Soccer, etc was moved to Ambler. A year ago Temple acquired a closed high school near the main campus and built new playing fields for soccer and field hockey. Sadly the baseball and softball teams were discontinued.
The old Temple stadium was too far from campus. It's a trip very similar to going to the NFL stadium. But I will admit that it was better than nothing.
I would say that the savings that Temple would get from a campus stadium could pay for itself in only 30 years, 50 at the most.

Say that Temple University builds a $130 million stadium with revenue bonds at 5% interest. That's $6.5 million per year in debt service. How does Temple do that when there are only six home games per year and the operating costs of maybe $2 million per year (lighting, insurance, turf maintenance and replacement, etc.) add even more cost. Then, after 30 years, Temple has to write $130 million in checks to pay off the principal. New stadium is Not gonna happen unless you have a Boone Pickens-type alum willing to fork over $50-$100 million as an outright gift.