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ECU cutting sport
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ghostofclt! Offline
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Post: #21
RE: ECU cutting sport
(05-21-2020 11:25 AM)Cyniclone Wrote:  ECU is cutting men’s and women’s tennis and swimming/diving

Surrounded by ODU to the north and Charlotte to the west, tennis never had a chance

clt agrees. hopefully they didn't open many of the tennis ball canisters so we can buy the balls on the cheap for practice.
05-21-2020 11:58 AM
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HogDawg Offline
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Post: #22
RE: ECU cutting sport
(05-19-2020 05:29 PM)galojah Wrote:  https://twitter.com/newsobserver/status/...67748?s=21


Sent from my iPhone using Tapatalk

It's hard to believe that they could have that big of a budget deficit. Did their AD ever get past the 6th grade?
05-21-2020 12:40 PM
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chidave Offline
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Post: #23
RE: ECU cutting sport
https://www.newsobserver.com/sports/arti...16081.html

The new suite tower at Dowdy-Ficklen Stadium, originally projected to generate $42.7 million in revenue over 30 years, is now expected to produce a $6 million deficit over that period of time.


That's a start. Yikes. A little off in their projections there.
05-21-2020 01:13 PM
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TOPSTRAIGHT Online
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Post: #24
RE: ECU cutting sport
... A THIRTY-SEVEN MILLION DOLLAR mistake.

Sounds like our governments. Economics 101--- if you run your business like the government you will soon be bankrupt.
(This post was last modified: 05-21-2020 01:50 PM by TOPSTRAIGHT.)
05-21-2020 01:48 PM
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ghostofclt! Offline
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Post: #25
RE: ECU cutting sport
clt says NC promise schools are hurting ECu

Through NC Promise, the state has significantly reduced student tuition cost to $500 per semester at three UNC system institutions – Elizabeth City State University, the University of North Carolina at Pembroke, and Western Carolina University – beginning in Fall 2018. The plan will increase educational access, reduce student debt, and grow the state’s economy.
05-21-2020 02:31 PM
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Niner National Offline
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Post: #26
RE: ECU cutting sport
(05-21-2020 01:48 PM)TOPSTRAIGHT Wrote:  ... A THIRTY-SEVEN MILLION DOLLAR mistake.

Sounds like our governments. Economics 101--- if you run your business like the government you will soon be bankrupt.

Your math is off. If they projected $42.7 million and broke even if would be a $42.7 million mistake. They're projecting six million less than that, so nearly a $49 million dollar mistake in the projection.
(This post was last modified: 05-21-2020 02:53 PM by Niner National.)
05-21-2020 02:53 PM
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Blue_Trombone Online
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Post: #27
RE: ECU cutting sport
(05-21-2020 01:48 PM)TOPSTRAIGHT Wrote:  ... A THIRTY-SEVEN MILLION DOLLAR mistake.

Sounds like our governments. Economics 101--- if you run your business like the government you will soon be bankrupt.

Businesses and governments have different missions, so yeah, they shouldn't be run like each other.
05-21-2020 03:04 PM
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TOPSTRAIGHT Online
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Post: #28
RE: ECU cutting sport
Yes big math mistake. Apologies.

BUT-- I disagree with Blue Trombone. Government should be run "more like" businesses. Yes there are differences-- but they must have restraint and budget limits or debt and taxes would ruin the citizens. The "if you run your business like the government or you will soon be bankrupt" refers to private businesses.
05-21-2020 03:23 PM
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PirateTreasureNC Offline
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Post: #29
RE: ECU cutting sport
I get what you guys are looking at but part of that revenue projection was tied to having a full stadium and that was killed when we kept Mo too long and Compher as well. Single handed the worst 3-4 stretch of ECU football ever. Fans voted with their pocketbooks after Y1 of Mo.
05-21-2020 03:40 PM
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Dowless Offline
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Post: #30
RE: ECU cutting sport
(05-21-2020 02:53 PM)Niner National Wrote:  
(05-21-2020 01:48 PM)TOPSTRAIGHT Wrote:  ... A THIRTY-SEVEN MILLION DOLLAR mistake.

Sounds like our governments. Economics 101--- if you run your business like the government you will soon be bankrupt.

Your math is off. If they projected $42.7 million and broke even if would be a $42.7 million mistake. They're projecting six million less than that, so nearly a $49 million dollar mistake in the projection.

Cost to build was around $60 million so I get maintenance costs, but they only project to recoup $11 million. How is that even possible? Should of taken those plans and hid them away for future Covid era toilet paper replacement.
05-21-2020 06:37 PM
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PirateJP Offline
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Post: #31
RE: ECU cutting sport
And the man that made that mistake is still making $21k a month from the school for the next 5 years even though he’s been fired. ECU’s leadership is a joke.
05-21-2020 09:45 PM
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WKgirldad Offline
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Post: #32
RE: ECU cutting sport
Yikes!
05-22-2020 06:40 AM
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TribeNiner Offline
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Post: #33
RE: ECU cutting sport
(05-21-2020 09:45 PM)PirateJP Wrote:  And the man that made that mistake is still making $21k a month from the school for the next 5 years even though he’s been fired. ECU’s leadership is a joke.

Oof.

Big oof.
05-22-2020 07:03 AM
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ghostofclt! Offline
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Post: #34
RE: ECU cutting sport
clt says this chat page title needs to be adjusted. ecU is cutting sports, not all of sport.
05-22-2020 08:11 AM
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MAN4UAB Offline
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Post: #35
RE: ECU cutting sport
(05-21-2020 09:45 PM)PirateJP Wrote:  And the man that made that mistake is still making $21k a month from the school for the next 5 years even though he’s been fired. ECU’s leadership is a joke.

Good goobley woobley! What did he have on ECU? Pictures? video? Audio?
05-22-2020 08:14 AM
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pcm0103 Offline
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Post: #36
RE: ECU cutting sport
(05-22-2020 08:14 AM)MAN4UAB Wrote:  
(05-21-2020 09:45 PM)PirateJP Wrote:  And the man that made that mistake is still making $21k a month from the school for the next 5 years even though he’s been fired. ECU’s leadership is a joke.

Good goobley woobley! What did he have on ECU? Pictures? video? Audio?

He just knew how to work sorry leadership to his advantage. The president and some of the BOT that approved that nonsense are gone, but we still have a couple of other BOT members that that need to leave as well.
05-22-2020 10:15 AM
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Attackcoog Offline
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Post: #37
RE: ECU cutting sport
(05-21-2020 06:37 PM)Dowless Wrote:  
(05-21-2020 02:53 PM)Niner National Wrote:  
(05-21-2020 01:48 PM)TOPSTRAIGHT Wrote:  ... A THIRTY-SEVEN MILLION DOLLAR mistake.

Sounds like our governments. Economics 101--- if you run your business like the government you will soon be bankrupt.

Your math is off. If they projected $42.7 million and broke even if would be a $42.7 million mistake. They're projecting six million less than that, so nearly a $49 million dollar mistake in the projection.

Cost to build was around $60 million so I get maintenance costs, but they only project to recoup $11 million. How is that even possible? Should of taken those plans and hid them away for future Covid era toilet paper replacement.

Yup. Sounds like the project was only marginally profitable to begin with and would almost certainly go negative if the projections were even slightly off. A project like that probably should never have been green lighted.
05-22-2020 10:16 AM
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Niner National Offline
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Post: #38
RE: ECU cutting sport
How is he institutional support going to work? It’s supposed to be illegal for non athletics designated fees to support athletics in NC.
05-22-2020 10:37 AM
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