(05-17-2023 10:06 AM)otown Wrote:  

(05-17-2023 09:47 AM)ArmoredUpKnight Wrote:  

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Initial price tag: $340 million
University Funded: $140 million
Seeking Loan: $200 million, 20 years, 5.5% fixed interest rate

Stadium will be 35,000-seat structure

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Considering the AAC payout is only about $7 million a year...

That's a huge commitment from the University. No one can ever say USF isn't All-In on Athletics anymore.

Its actually 5.5% fixed 20 years. First 3 years interest only. So the payments for the remaining 17 years is $1.522 million monthly.....comes out to an annual commitment of $18.264 million. That is a lot of red considering the AAC payout money. Maybe they make it up on the gate, which is only possible if they have great attendance. Of note, they will no longer be able to schedule ND or Alabama etc considering it is an on campus 35,000 seat stadium and not Ray Jay anymore.

Well for one thing, they won't have rent at Raymond James.

I am curious how they are getting the first $140 million. Do they have donors lined up?