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What's the latest on the IPF for football
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Penny Lane Offline
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Post: #41
RE: What's the latest on the IPF for football
(01-13-2017 11:29 PM)FlyingTiger2016 Wrote:  
(01-13-2017 09:15 PM)Penny Lane Wrote:  Everyone laughed when I said the drastic drop off in BB revenue was affected the IPF-it is.

That's not what Dr. Rudd said, but whatever.

One of those "revenue streams" he was talking about but would not go on record about was basketball. Far outweighs any other for being short right now.
01-14-2017 12:28 AM
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Penny Lane Offline
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Post: #42
RE: What's the latest on the IPF for football
(01-10-2017 06:10 PM)poppaslaw Wrote:  
(01-10-2017 03:14 PM)3601 Wrote:  
(01-10-2017 03:05 PM)tigerlands Wrote:  Unfortunately, I'm not surprised at the lack of funding. We have very little fan base (meaning ticket sold) and even fewer deep pocket boosters. The football program does not make any money. When a program is outside of the Power 5 conferences. then it is always a struggle. The school needs a T. Boone Pickens.

We have a T. Boone Pickens. What we really need is about 20K-30K fans who are willing to go above and beyond buying a couple of $100 season tickets and who complain like babies when the cost of a parking pass increases by a few bucks.

I'm sure you'll be first in line to shell out the 5k donation for Tiger Lane in '18. How much of that will you recoup by selling the space for all the games you miss?

We could not sell out Tiger Lane for $500 (regular small spot) right now. Support just not there.
01-14-2017 12:32 AM
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wylioats Offline
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Post: #43
RE: What's the latest on the IPF for football
(01-13-2017 04:28 PM)3601 Wrote:  Rudd's quote in the CA...

http://www.commercialappeal.com/story/sp.../96453608/

Q: The indoor practice facility. Where is that?

A: The indoor practice facility, a couple things I’ll share with you about that. We are going through a board transition as you know. So it looks like the goal is to have our board seated by the end of March, which is great, that the board would be active by the end of March. So we started the process through the Tennessee Board of Regents system and went through, in part, we got the basketball practice facility started, we’ve done a number of other projects, we have three other major projects in process, as you might be aware, and we presented a financial model for the approval of the indoor practice facility. And that financial model has changed. As part of what has happened with our fundraising, we have raised in the ballpark of $37 million. Part of the challenge though, is that some of those gifts are essentially what we refer to as backloaded, which means that they are gifts that won’t pay off for another 10 years, may not pay off for another 15 years, and so the challenge becomes the cash flow. So we have to have an adequate cash flow and the fundraising to pay for it. So in response to the cash flow challenge, I’ve come up with an alternative model that I’m actually going to present to our board very quickly when the board is seated. And I frankly hope to have that approved either in the first meeting or at the latest the second meeting. And I believe I’ll have it ready for the first meeting, with the expectation and the hope that we’ll be breaking ground by the end of April.

Q: Will it be easier to get things through with the new board structure?

A: I don’t know that it will be easier. It’s not the issue of getting things through. To give perspective, the Tennessee Board of Regents, they do a fabulous job. But there are 45 institutions in the Tennessee Board of Regents system. Six of those are universities, 39 of those are community colleges and technical schools. And of those six universities, the University of Memphis is the only Carnegie 2 major research university, the others are Carnegie 3s. So we really don’t have a peer from a research university in the system, and as a result we don’t get individual attention on the issues important to the University of Memphis. It’s about the capacity to arguably do two things: 1) To be able to shape an appropriate vision for the institution, and 2) then be able to resource it. Having our own independent board allows us to shape a vision that is unique to the University of Memphis, unique to this community, and then to resource it.

Q: When you say that the funding structure has changed, can you give us a sense what that means?

A: Basically, what we have looked at, in terms of the money we have raised, is how much of that do we have in terms of payment structure for the facility. The cash flow doesn’t support the payment structure that we originally presented. So I had to present a new structure, in terms of how much debt we would have to issue, what the time period is for the payment structure to have it paid off. And that’s something that I’m not going to go back through the Tennessee Board of Regents, it’s too late to do that because of the new board, so I’ll present it to the new board.

Q: Originally you said you expect to break ground in the fall of 2015. There is some skepticism out there. Is there reason for that?

A: We do have some skeptical fans, there are people out there who are skeptical. I will tell you there were people who were skeptical we would break ground on the basketball facility and we’re going to have that finished, it’s going to be one of the finest in the country. But we’re going to do it responsibly. We’re going to do it responsibly and understand what the overall demands are for the university as a whole and make sure that we have a coherent, sound financial model, and that’s what we’ve been doing. I’ve made a commitment to Tom (Bowen), I’ve made a commitment to the community, we’ll get it started, we’ll get it built and we’ll get it paid for. And it’s important for us.

Q: If you break ground in the spring, when does that mean it’s done?

A: My understanding is it’s a 10-12 month timeline for completion on that facility, on critical aspects in terms of a usable indoor facility. And then some of the office space, some of the other things may take a few months longer.

Q: It sort of gets to the fundamental issue, you can’t just wave a wand, in the end you need the resources to pay for things.

A: We need the resources to pay for things, and so that goes back to the question of having an independent board. We have a board that has some remarkably talented people who can help us lobby for adequate resources. The new board puts us in a position to be looked at uniquely, and then to actually lobby in accordance with the unique needs of the university, which is critical for us and critical for the future.

Thank you for a great post, straight from the horses mouth, we now should all have an understanding of where we are on this project. Thanks.
01-14-2017 09:40 AM
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BinghamptonNed Offline
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Post: #44
RE: What's the latest on the IPF for football
(01-14-2017 12:32 AM)Penny Lane Wrote:  
(01-10-2017 06:10 PM)poppaslaw Wrote:  
(01-10-2017 03:14 PM)3601 Wrote:  
(01-10-2017 03:05 PM)tigerlands Wrote:  Unfortunately, I'm not surprised at the lack of funding. We have very little fan base (meaning ticket sold) and even fewer deep pocket boosters. The football program does not make any money. When a program is outside of the Power 5 conferences. then it is always a struggle. The school needs a T. Boone Pickens.

We have a T. Boone Pickens. What we really need is about 20K-30K fans who are willing to go above and beyond buying a couple of $100 season tickets and who complain like babies when the cost of a parking pass increases by a few bucks.

I'm sure you'll be first in line to shell out the 5k donation for Tiger Lane in '18. How much of that will you recoup by selling the space for all the games you miss?

We could not sell out Tiger Lane for $500 (regular small spot) right now. Support just not there.

I disagree, $500 might be the top of the market but $500 would sell out quickly.
01-14-2017 10:44 AM
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Tiger87 Offline
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Post: #45
RE: What's the latest on the IPF for football
(01-14-2017 10:44 AM)BinghamptonNed Wrote:  
(01-14-2017 12:32 AM)Penny Lane Wrote:  
(01-10-2017 06:10 PM)poppaslaw Wrote:  
(01-10-2017 03:14 PM)3601 Wrote:  
(01-10-2017 03:05 PM)tigerlands Wrote:  Unfortunately, I'm not surprised at the lack of funding. We have very little fan base (meaning ticket sold) and even fewer deep pocket boosters. The football program does not make any money. When a program is outside of the Power 5 conferences. then it is always a struggle. The school needs a T. Boone Pickens.

We have a T. Boone Pickens. What we really need is about 20K-30K fans who are willing to go above and beyond buying a couple of $100 season tickets and who complain like babies when the cost of a parking pass increases by a few bucks.

I'm sure you'll be first in line to shell out the 5k donation for Tiger Lane in '18. How much of that will you recoup by selling the space for all the games you miss?

We could not sell out Tiger Lane for $500 (regular small spot) right now. Support just not there.

I disagree, $500 might be the top of the market but $500 would sell out quickly.

Yes it would.
01-14-2017 09:42 PM
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NDTiger Offline
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Post: #46
RE: What's the latest on the IPF for football
Would be interesting if CA did a big spread with updated images of the IPF and maybe BBall facility. I know the IPF has changed a bit. Maybe laser in on the training table and surround aesthetics as well. Not sure the broader vision of the "athletic village" was ever dove into by the media. Would love to see Tom Schad drive this. He has been a breath of fresh air.
01-16-2017 12:57 PM
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3601 Offline
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Post: #47
RE: What's the latest on the IPF for football
(01-14-2017 09:42 PM)Tiger87 Wrote:  
(01-14-2017 10:44 AM)BinghamptonNed Wrote:  
(01-14-2017 12:32 AM)Penny Lane Wrote:  
(01-10-2017 06:10 PM)poppaslaw Wrote:  
(01-10-2017 03:14 PM)3601 Wrote:  We have a T. Boone Pickens. What we really need is about 20K-30K fans who are willing to go above and beyond buying a couple of $100 season tickets and who complain like babies when the cost of a parking pass increases by a few bucks.

I'm sure you'll be first in line to shell out the 5k donation for Tiger Lane in '18. How much of that will you recoup by selling the space for all the games you miss?

We could not sell out Tiger Lane for $500 (regular small spot) right now. Support just not there.

I disagree, $500 might be the top of the market but $500 would sell out quickly.

Yes it would.

I think it currently costs me about $500 per spot when you add in the required HH donation. Aren't most of the spots sold via the HH?
01-16-2017 01:00 PM
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MemTigerFan Offline
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Post: #48
RE: What's the latest on the IPF for football
(01-16-2017 01:00 PM)3601 Wrote:  
(01-14-2017 09:42 PM)Tiger87 Wrote:  
(01-14-2017 10:44 AM)BinghamptonNed Wrote:  
(01-14-2017 12:32 AM)Penny Lane Wrote:  
(01-10-2017 06:10 PM)poppaslaw Wrote:  I'm sure you'll be first in line to shell out the 5k donation for Tiger Lane in '18. How much of that will you recoup by selling the space for all the games you miss?

We could not sell out Tiger Lane for $500 (regular small spot) right now. Support just not there.

I disagree, $500 might be the top of the market but $500 would sell out quickly.

Yes it would.

I think it currently costs me about $500 per spot when you add in the required HH donation. Aren't most of the spots sold via the HH?

It costs you a little more than that. Spot is $450 and membership is $125
01-16-2017 05:35 PM
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3601 Offline
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Post: #49
RE: What's the latest on the IPF for football
(01-16-2017 05:35 PM)MemTigerFan Wrote:  
(01-16-2017 01:00 PM)3601 Wrote:  
(01-14-2017 09:42 PM)Tiger87 Wrote:  
(01-14-2017 10:44 AM)BinghamptonNed Wrote:  
(01-14-2017 12:32 AM)Penny Lane Wrote:  We could not sell out Tiger Lane for $500 (regular small spot) right now. Support just not there.

I disagree, $500 might be the top of the market but $500 would sell out quickly.

Yes it would.

I think it currently costs me about $500 per spot when you add in the required HH donation. Aren't most of the spots sold via the HH?

It costs you a little more than that. Spot is $450 and membership is $125

That doesn't seem correct. I think I am required to have a family membership to purchase two spots. I'll look it up later, but I think the total is around a grand.
01-16-2017 08:05 PM
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3601 Offline
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Post: #50
RE: What's the latest on the IPF for football
(01-16-2017 08:05 PM)3601 Wrote:  
(01-16-2017 05:35 PM)MemTigerFan Wrote:  
(01-16-2017 01:00 PM)3601 Wrote:  
(01-14-2017 09:42 PM)Tiger87 Wrote:  
(01-14-2017 10:44 AM)BinghamptonNed Wrote:  I disagree, $500 might be the top of the market but $500 would sell out quickly.

Yes it would.

I think it currently costs me about $500 per spot when you add in the required HH donation. Aren't most of the spots sold via the HH?

It costs you a little more than that. Spot is $450 and membership is $125

That doesn't seem correct. I think I am required to have a family membership to purchase two spots. I'll look it up later, but I think the total is around a grand.

You were correct on the $450 per spot, but a family membership is $225. You have to have that to purchase two spots. It averages $562.50 per spot.
01-16-2017 08:10 PM
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3601 Offline
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Post: #51
RE: What's the latest on the IPF for football
(01-10-2017 06:10 PM)poppaslaw Wrote:  
(01-10-2017 03:14 PM)3601 Wrote:  
(01-10-2017 03:05 PM)tigerlands Wrote:  Unfortunately, I'm not surprised at the lack of funding. We have very little fan base (meaning ticket sold) and even fewer deep pocket boosters. The football program does not make any money. When a program is outside of the Power 5 conferences. then it is always a struggle. The school needs a T. Boone Pickens.

We have a T. Boone Pickens. What we really need is about 20K-30K fans who are willing to go above and beyond buying a couple of $100 season tickets and who complain like babies when the cost of a parking pass increases by a few bucks.

I'm sure you'll be first in line to shell out the 5k donation for Tiger Lane in '18. How much of that will you recoup by selling the space for all the games you miss?

1. You aren't really dumb enough to think they will cost five grand in 2018, are you?
2. Am I a bad fan because I sell a spot or two when I happen to be out of town for a home game?
01-16-2017 08:16 PM
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HobosHeroesStCornerClowns Offline
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Post: #52
RE: What's the latest on the IPF for football
(01-16-2017 01:00 PM)3601 Wrote:  
(01-14-2017 09:42 PM)Tiger87 Wrote:  
(01-14-2017 10:44 AM)BinghamptonNed Wrote:  
(01-14-2017 12:32 AM)Penny Lane Wrote:  
(01-10-2017 06:10 PM)poppaslaw Wrote:  I'm sure you'll be first in line to shell out the 5k donation for Tiger Lane in '18. How much of that will you recoup by selling the space for all the games you miss?

We could not sell out Tiger Lane for $500 (regular small spot) right now. Support just not there.

I disagree, $500 might be the top of the market but $500 would sell out quickly.

Yes it would.

I think it currently costs me about $500 per spot when you add in the required HH donation. Aren't most of the spots sold via the HH?
03-drunk
01-16-2017 10:19 PM
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snowtiger Offline
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Post: #53
RE: What's the latest on the IPF for football
(01-11-2017 01:49 PM)Brother Bluto Wrote:  
(01-11-2017 01:00 AM)Whale of a Guy Wrote:  
(01-10-2017 03:13 PM)3601 Wrote:  
(01-10-2017 03:03 PM)Brother Bluto Wrote:  Give til it hurts

Give until your sister hurts?

SNAP

Better than grown men stalking someone's Facebook pics 24/7

Oh snap !!!!

snap yourself

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01-17-2017 01:30 AM
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Tiger87 Offline
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Post: #54
RE: What's the latest on the IPF for football
My spot was thru the city with no donation. But I let it go a few years ago when I moved to Nashville. Not sure if the city still has spots or not.
01-17-2017 06:00 PM
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MemTigerFan Offline
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Post: #55
RE: What's the latest on the IPF for football
(01-17-2017 06:00 PM)Tiger87 Wrote:  My spot was thru the city with no donation. But I let it go a few years ago when I moved to Nashville. Not sure if the city still has spots or not.

if I remember, the city decided to turn the control back over to the school to handle all of them.
01-18-2017 08:56 AM
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Brother Bluto Offline
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Post: #56
RE: What's the latest on the IPF for football
(01-17-2017 01:30 AM)snowtiger Wrote:  
(01-11-2017 01:49 PM)Brother Bluto Wrote:  
(01-11-2017 01:00 AM)Whale of a Guy Wrote:  
(01-10-2017 03:13 PM)3601 Wrote:  
(01-10-2017 03:03 PM)Brother Bluto Wrote:  Give til it hurts

Give until your sister hurts?

SNAP

Better than grown men stalking someone's Facebook pics 24/7

Oh snap !!!!

snap yourself

FYI, My friends and posts are on lockdown private. You should check your own settings and what others can see.




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I've done all that
01-18-2017 01:30 PM
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Whale of a Guy Offline
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Post: #57
RE: What's the latest on the IPF for football
(01-18-2017 01:30 PM)Brother Bluto Wrote:  
(01-17-2017 01:30 AM)snowtiger Wrote:  
(01-11-2017 01:49 PM)Brother Bluto Wrote:  
(01-11-2017 01:00 AM)Whale of a Guy Wrote:  
(01-10-2017 03:13 PM)3601 Wrote:  Give until your sister hurts?

SNAP

Better than grown men stalking someone's Facebook pics 24/7

Oh snap !!!!

snap yourself

FYI, My friends and posts are on lockdown private. You should check your own settings and what others can see.




You can see what your profile looks like to other people by using the View As tool. To use View As:

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I've done all that

Riveting

Then what happened?
01-19-2017 12:56 AM
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CubsTigersGrizz Offline
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Post: #58
RE: What's the latest on the IPF for football
It was never a lack of funding...it was how the donations were arranged. For example, you donate $100,000, but you give it as 4 gifts of $25,000 over 4 years. Or $1,000,000 given over 10 years. The problem with the BOR, and with Dr. Raines by extension, was they never wanted us to take out loans for athletic department capital expenditures. Even if you get a "loan" from say bank of Bartlett which you can pay back over the course of so many years. That's what Dr. Rudd was talking about in his interview with the CA. Now with our own board, getting approvals for projects will be much easier.
01-19-2017 10:48 AM
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Atlanta Offline
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Post: #59
RE: What's the latest on the IPF for football
(01-19-2017 10:48 AM)CubsTigersGrizz Wrote:  It was never a lack of funding...it was how the donations were arranged. For example, you donate $100,000, but you give it as 4 gifts of $25,000 over 4 years. Or $1,000,000 given over 10 years. The problem with the BOR, and with Dr. Raines by extension, was they never wanted us to take out loans for athletic department capital expenditures. Even if you get a "loan" from say bank of Bartlett which you can pay back over the course of so many years. That's what Dr. Rudd was talking about in his interview with the CA. Now with our own board, getting approvals for projects will be much easier.

I would hope you are right but I have read the actual law that enabled the local BORs & the local BORs have no power to borrow for or even authorize facilities' construction. That authority belongs exclusively to the THEC which is a state agency that controls all state universities. The local Memphis BOR role in the construction process is one of advocacy not authorization. Wish it were more power to the Memphis BOR....
01-19-2017 11:06 AM
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tcountytigerfan Offline
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Post: #60
RE: What's the latest on the IPF for football
(01-19-2017 10:48 AM)CubsTigersGrizz Wrote:  It was never a lack of funding...it was how the donations were arranged. For example, you donate $100,000, but you give it as 4 gifts of $25,000 over 4 years. Or $1,000,000 given over 10 years. The problem with the BOR, and with Dr. Raines by extension, was they never wanted us to take out loans for athletic department capital expenditures. Even if you get a "loan" from say bank of Bartlett which you can pay back over the course of so many years. That's what Dr. Rudd was talking about in his interview with the CA. Now with our own board, getting approvals for projects will be much easier.

That's what I've understood, too. Further, it seemed like the rules were changed a bit on us (the UofM) in that, previously, projects could be/would be approved if a certain portion of the money had already been collected with the remaining portion pledged (I don't know what the thresholds were, but let's say, for example, you've collected 70% of the funds and the remaining 30% were pledged to be collected over the upcoming 5 years - this would be approved). The change that occurred (again, just to my understanding), is that now to be approved, we (again, the UofM) would have to have 100% collected prior to/in conjunction with approval. This is why the basketball facility has started, but the IPF has not - the largest single pledge went to the basketball facility, thus making it 100% collected, while the IPF has some mix of collected/pledged that equates to 100%, or somewhere close to it. But since the IPF cost are not 100% collected, it has not been formally approved for ground-breaking.

It does make one wonder if a UT school, or even MTSU, would have been treated the same way. . . .
01-19-2017 11:29 AM
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