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BJCC Bond Sale Closed Today
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hooverblazer Offline
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Post: #1
BJCC Bond Sale Closed Today
Alan Collins reported that the BJCC closed on their sale of the stadium/arena bonds and received proceeds of $320M.

Based on previous reports of $175M for the stadium and $125M for the arena renovations, is the other $20M being spent on other upgrades like the exhibit halls?
08-07-2018 11:29 AM
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BlazerPhil Offline
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Post: #2
RE: BJCC Bond Sale Closed Today
(08-07-2018 11:29 AM)hooverblazer Wrote:  Alan Collins reported that the BJCC closed on their sale of the stadium/arena bonds and received proceeds of $320M.

Based on previous reports of $175M for the stadium and $125M for the arena renovations, is the other $20M being spent on other upgrades like the exhibit halls?

I'd think they built in a buffer for scope & cost creep.
08-07-2018 11:34 AM
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blazerjay Offline
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Post: #3
RE: BJCC Bond Sale Closed Today
(08-07-2018 11:34 AM)BlazerPhil Wrote:  
(08-07-2018 11:29 AM)hooverblazer Wrote:  Alan Collins reported that the BJCC closed on their sale of the stadium/arena bonds and received proceeds of $320M.

Based on previous reports of $175M for the stadium and $125M for the arena renovations, is the other $20M being spent on other upgrades like the exhibit halls?

I'd think they built in a buffer for scope & cost creep.

That and the bonus they are reportedly offering the highway contractor if it is completly finished by a designated date.
08-07-2018 12:47 PM
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jcduncan13 Offline
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Post: #4
RE: BJCC Bond Sale Closed Today
Good news. Go blazers!
08-07-2018 02:16 PM
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uabbean Offline
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Post: #5
RE: BJCC Bond Sale Closed Today
(08-07-2018 12:47 PM)blazerjay Wrote:  
(08-07-2018 11:34 AM)BlazerPhil Wrote:  [quote='hooverblazer' pid='15419460' dateline='1533659357']
Alan Collins reported that the BJCC closed on their sale of the stadium/arena bonds and received proceeds of $320M.

Based on previous reports of $175M for the stadium and $125M for the arena renovations, is the other $20M being spent on other upgrades like the exhibit halls?

I'd think they built in a buffer for scope & cost creep.
Maybe the bonus is just for the politicians (sorry just lived in Alabama too long)

Actually good news !!
(This post was last modified: 08-07-2018 02:46 PM by uabbean.)
08-07-2018 02:44 PM
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ATTALLABLAZE Offline
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Post: #6
RE: BJCC Bond Sale Closed Today
Contingency
08-07-2018 05:04 PM
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WesternBlazer Offline
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RE: BJCC Bond Sale Closed Today
08-07-2018 05:54 PM
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