nzmorange
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RE: KU Athletics planning $300 million Memorial Stadium renovation
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06-24-2017 08:49 PM |
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Section 200
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RE: KU Athletics planning $300 million Memorial Stadium renovation
Kansas is going bankrupt since the governor keeps cutting taxes for the rich and the university is going to waste $300M on a stadium that will be used 6 times a year? They should put that cash towards keeping the lights on! If they end up in the AAC when the Big 12 dies this investment will look really dumb!
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06-24-2017 09:11 PM |
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MplsBison
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RE: KU Athletics planning $300 million Memorial Stadium renovation
I don't think Kansas is going to be left outside the P confs.
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06-25-2017 11:08 AM |
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jaredf29
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(06-24-2017 09:11 PM)Section 200 Wrote: Kansas is going bankrupt since the governor keeps cutting taxes for the rich and the university is going to waste $300M on a stadium that will be used 6 times a year? They should put that cash towards keeping the lights on! If they end up in the AAC when the Big 12 dies this investment will look really dumb!
Their congress overturned a budget veto recently and reversed the tax cuts, and with a bipartisan effort no less.
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06-25-2017 12:13 PM |
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The Cutter of Bish
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(06-24-2017 10:00 AM)MplsBison Wrote: (06-24-2017 05:46 AM)The Cutter of Bish Wrote: It's kind of cool that Kansas wants to keep this frame as the hub for football. It's going to be an interesting study on why it has to cost so much.
Further case study on that: Stanford vs Cal stadium projects.
Stanford just said "the h__ with it" and tore the whole thing down, starting from scratch. Cal, on the other hand, wanted to preserve the historic facade of the stadium exterior. Granted, the Cal project had a lot of special engineering and costs associated with earthquakes, but still some of the cost difference does correspond between the two different schools of thought there.
Kyle Field seems worse, but the cost of doing anything in that part of CA isn't going to be cheap. Projects like this Kansas one and the Duke renovations...is this where it has to go? The 2010 Michigan Stadium renovation.
I know some development people in higher ed, and stuff like the above is what makes most of them despise athletics. It runs in competition with other projects and initiatives, and it's a constant and expensive high-priority rush job.
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06-25-2017 03:40 PM |
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panama
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(06-24-2017 09:11 PM)Section 200 Wrote: Kansas is going bankrupt since the governor keeps cutting taxes for the rich and the university is going to waste $300M on a stadium that will be used 6 times a year? They should put that cash towards keeping the lights on! If they end up in the AAC when the Big 12 dies this investment will look really dumb!
Umm....WHAT?!
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06-25-2017 05:25 PM |
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CougarRed
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(06-23-2017 04:18 PM)TodgeRodge Wrote: Kansas prefers to pay for most of their facilities with very little debt
their athletics department has $36 million in debt while Cincy has $139 million, dem coogs doh $95 million and ECU $41.5
There are different kinds of debt. There's debt backed by stadium revenues. This is the bad kind of debt. It mortgages your future. See Akron's problems.
Then there's debt backed by other, more stable, sources of funds.
For example, Houston floated bonds for the football stadium. Almost all of them were secured by a student fee (that the students overwhelmingly voted to approve in 2012). That fee is $45/semester for 30 years. The rest was secured by the naming rights deal, which pays $1.5M a year for 10 years.
So, yeah. You can say Houston issued debt to build its football stadium. But we didn't mortgage our future.
(This post was last modified: 07-25-2017 06:25 AM by CougarRed.)
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07-25-2017 06:24 AM |
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panama
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RE: KU Athletics planning $300 million Memorial Stadium renovation
Yeah but it's Kansas. 1) they are the state flagship. 2) they are a P5 school
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07-25-2017 07:01 AM |
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tcufrog86
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(06-25-2017 05:25 PM)panama Wrote: (06-24-2017 09:11 PM)Section 200 Wrote: Kansas is going bankrupt since the governor keeps cutting taxes for the rich and the university is going to waste $300M on a stadium that will be used 6 times a year? They should put that cash towards keeping the lights on! If they end up in the AAC when the Big 12 dies this investment will look really dumb!
Umm....WHAT?!
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Kansas passed a bunch of tax related legislation in 2012 that essentially made LLCs and pass through businesses such as subchapter S corps, partnerships, and sole proprietorship exempt from Kansas state income tax. The thought I believe is that by eliminating state income tax on these 300,000 or so entities that it would lead to investment back into the business and job creation which in turn in theory creates more individual wealth thus higher personal income tax and sales tax revenue as those people have more disposable income.
At the end of the day, I don't think much of the job growth materialized. I believe there were also some unintended consequences, for example Bill Self was getting paid only a portion of his guaranteed compensation from KU paid to him as a W2 employee, the bulk of it (2+ million) for "professional services rendered" was being paid to BLCT II, LLC, of course owned by Bill Self and thus exempting all of that income from Kansas income tax.
(This post was last modified: 07-25-2017 03:47 PM by tcufrog86.)
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07-25-2017 01:03 PM |
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PlayBall!
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(07-25-2017 01:03 PM)tcufrog86 Wrote: Kansas passed a bunch of tax related legislation in 2012 ...
All mostly repealed a couple of months ago, and the new tax law went into effect July 1st (so a few weeks ago).
The $300M KU Athletics has mentioned recently is a public request to deep-pocket donors. If interested in helping out with your $, please contact them ASAP. :-)
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07-25-2017 03:43 PM |
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MplsBison
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RE: KU Athletics planning $300 million Memorial Stadium renovation
Well, when you've got Duke pumping major $$$ into Wallace Wade, and you've got UNC and Kentucky already with decent stadiums, Kansas had to do something.
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07-25-2017 03:53 PM |
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Captain Bearcat
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(07-25-2017 03:53 PM)MplsBison Wrote: Well, when you've got Duke pumping major $$$ into Wallace Wade, and you've got UNC and Kentucky already with decent stadiums, Kansas had to do something.
And Indiana approved a $53 million renovation last fall.
But as they say at Purdue, "What time is it? It's 11:17 am and Indiana still sucks!"
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07-26-2017 01:18 PM |
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MplsBison
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RE: KU Athletics planning $300 million Memorial Stadium renovation
I feel like Indy had a pretty decent stadium already, especially after they closed the endzone a few years ago. At least on par with Kentucky and UNC.
The new updates sound nice.
(This post was last modified: 07-26-2017 01:25 PM by MplsBison.)
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07-26-2017 01:25 PM |
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Transic_nyc
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RE: KU Athletics planning $300 million Memorial Stadium renovation
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04-19-2018 08:01 AM |
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TerryD
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(07-25-2017 01:03 PM)tcufrog86 Wrote: (06-25-2017 05:25 PM)panama Wrote: (06-24-2017 09:11 PM)Section 200 Wrote: Kansas is going bankrupt since the governor keeps cutting taxes for the rich and the university is going to waste $300M on a stadium that will be used 6 times a year? They should put that cash towards keeping the lights on! If they end up in the AAC when the Big 12 dies this investment will look really dumb!
Umm....WHAT?!
Sent from my SM-G955U using Tapatalk
Kansas passed a bunch of tax related legislation in 2012 that essentially made LLCs and pass through businesses such as subchapter S corps, partnerships, and sole proprietorship exempt from Kansas state income tax. The thought I believe is that by eliminating state income tax on these 300,000 or so entities that it would lead to investment back into the business and job creation which in turn in theory creates more individual wealth thus higher personal income tax and sales tax revenue as those people have more disposable income.
At the end of the day, I don't think much of the job growth materialized. I believe there were also some unintended consequences, for example Bill Self was getting paid only a portion of his guaranteed compensation from KU paid to him as a W2 employee, the bulk of it (2+ million) for "professional services rendered" was being paid to BLCT II, LLC, of course owned by Bill Self and thus exempting all of that income from Kansas income tax.
It never does. "Trickle down" economics is a big bust and has been since Reagan.
Demand (like raising the wages of many, not the wealth of a few) for products creates jobs, not tax cuts.
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04-19-2018 10:04 AM |
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SMUmustangs
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(06-23-2017 04:40 PM)BearcatJerry Wrote: (06-23-2017 11:03 AM)SMUmustangs Wrote: (06-22-2017 10:56 AM)Big Frog II Wrote: Their stadium is one of the worst I have ever been in especially for a Div. 1 school. It is about time. Every other school in the Big 12 with the possible exception of ISU and WVU(only because I have not been there to see) have great stadiums and practice facilities. Kansas is trying to catch up with the rest of the conference.
Iowa State has a very nice stadium
I have been in Jack Trice (Iowa State) in December (Iowa State was playing Kansas), when the wind was blowing out of the north through the gap of the stands, with the temperature somewhere in the single digits and the wind-chill somewhere below zero.
There aren't much colder places in the world. That pre-cast concrete stadium has no warmth.
(And WVU's Milan Puskar is a very similar stadium in layout and construction... Really, almost twins at birth, though they have diverged a little as they have been filled out...)
Well I was not talking about the weather in Iowa, but he stadium. Granted it gets cold in Iowa in December, as it does in a lot of places. I have been to the stadium and I thought it was a very nice facility and their fans are among the best. Really a great place for a game day experience.
I have not been to West Virginia's stadium, but the pictures do not look like Iowa State's stadium at all.
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04-19-2018 10:20 AM |
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Transic_nyc
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RE: KU Athletics planning $300 million Memorial Stadium renovation
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08-17-2021 07:32 AM |
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PlayBall!
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RE: KU Athletics planning $300 million Memorial Stadium renovation
COVID. Some of the already-designated money was then spent on new training facilities, IIARC.
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08-17-2021 10:45 AM |
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XLance
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RE: KU Athletics planning $300 million Memorial Stadium renovation
If Kansas does plan to spend $300 million on upgrades, it would mean they are not planning to stay in the new Big 12.
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09-09-2021 04:32 PM |
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JRsec
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RE: KU Athletics planning $300 million Memorial Stadium renovation
(09-09-2021 04:32 PM)XLance Wrote: If Kansas does plan to spend $300 million on upgrades, it would mean they are not planning to stay in the new Big 12.
The fact that they haven't proceeded is likely a prudent course of action. At least for now.
(This post was last modified: 09-09-2021 09:48 PM by JRsec.)
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09-09-2021 09:47 PM |
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