The Board of Trustees are meeting tomorrow. It's a light meeting and not much UAB related, except the approval for demolition of the UAB Townhouse and another building in the medical center as well as the approval of a memorandum of understanding with the BJCC on the general guidelines of a lease agreement (linked below). This is necessary to allow the BJCC to start selling bonds.
Key details:
* Lease starts August 2021
* 20 year lease, with a 10 year option to terminate if UAB "is not in compliance with all requirements for maintaining a program in good standing with NCAA requirements"
* UAB has scheduling priority over all other events at the facility
* UAB is responsible for paying for or otherwise selling $350,000 in naming or 'marketing opportunities'
* Rent is $25,000 per regular season game, $15,000 for post season games, $10,000 for the spring game, meaning minimum yearly rent is $150,000
https://twitter.com/EdEnoch/status/1004403876559278080