(05-12-2022 02:19 PM)Atlanta Wrote:  

(05-12-2022 01:58 PM)CRM114 Wrote:  Nice design. The seating bowl will still feel like the original LB with its good sight lines, but completely rebuilt suites, media facilities and concourses and an updated, modernized profile.

The university cannot afford to build its own stadium. Period. I don't know why it's so hard for some people to understand this. It doesn't take a finance degree to understand that when you struggle to raise money for things like a weight rooms or indoor practice facility, you can't just go build a $250-300M+ stadium on your own. It takes more than a bunch of message board people to finance a stadium. The university probably couldn't raise enough money from this message board and all the other people posting on social media to repave a parking lot, much less build a new football stadium. If the big boosters wanted a new OCS and were willing to pony up, the university would have gone that direction.

Will this ring the bell for the B12? It's hard to believe that all this time and money went into a design without knowing that it meets their demands. I expect there was either direct input from the B12 itself or indirectly from consultants. But I will say that the university will have to do more than roll out pretty renderings. At minimum, the financing will have to be lined up and construction read to start, if this is truly a prerequisite for the B12.

You seem to overlook the fact that the city has no need of a stadium and also has no means to pay for these renovations either. The city simply has a means to float bonds that the university lacks to dictate the decisions being made. So the city will float the bonds to borrow funding, the university will raise the upfront down payment & pay the interest obligations through monthly/annual rental fees while the city gets rental, concessions, parking revenues along with control - and mgmt fees. Same old story, & the city will tire of its mtc obligations soon enough & our university will be left holding the bag without the benefits over time of having its own OC facility.

The city gave up parking to the university years ago. The UofM handles the sale and they raised costs significantly. I'm sure they make plenty off of it. It just went up again for this year.