(12-09-2019 10:02 PM)Marc Mensa Wrote: Outside of being in a G5 conference, The Liberty Bowl costs the university more in lost revenue than anything else.
WOW, I have seen some delusional statements before but this one takes the cake.
Some of you have got to get past that green-eyed monster. An OCS is not needed nor is it economically feasible.
The city of Memphis loses money every year in the actual operation of LBS. That is with 3 paying tenants.
Everyone wants to point toward revenue generated and how we would be able to keep it all but no one wants to factor in the cost of generating the revenue.
The U of M pays ZERO toward the actual operation of the stadium outside our rent and a part of the cost of paying for the upgrades but ONLY if the revenue generated from the Tourism Zone does not generate the needed revenue to pay for the upgrades.
We pay nothing when it comes to maintenance of the stadium, general repairs upkeep utilities and salaries for operations.
We would have to pay 100% of these costs if we had an OCS PLUS the actual cost of building the OCS. And unlike the city we do not get the benefit of tax revenues generated by events to help cover the cost.
The money we will be forced to spend in the building and upkeep will come out of our current building funds which we are using to upgrade athletic facilities. This means facilities such as an indoor practice facility or improvement to other athletic facilities such as basketball, baseball softball andfacilities for non-revenue sports.
Some of you have got to get over this petty jealousy of other schools just because they have a shiny new playtoy that we do not have.
Not to mention there is no legitimate spot for an OCS stadium located on the campus. You may be able to physically set its footprint into an area. But that is not taking in account infrastructure needed for such an arena. It is not as if you can just plug into the existing electrical and water service and just run a pipe to the current sewage facilities. Nor does it address needed traffic flow or actual parking for such an arena. There are only around 9,000 parking spots spread out all around the entire campus. You could kiss tailgating before the game goodbye.