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Marc Mensa Online
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Post: #41
RE: Details about Memphis stadium study
(06-04-2022 09:49 PM)Stammers Wrote:  
(06-04-2022 12:11 PM)Marc Mensa Wrote:  
(06-04-2022 09:00 AM)griffin Wrote:  
(06-04-2022 06:18 AM)Marc Mensa Wrote:  & part of the reason the endowment is only 200 million is because of the disconnect between the school & its alumni base. The U of M’s alumni giving % is dreadful, yet those graduates never step foot back on campus after graduating.

Study after study support the fact Memphis is major first generation degree university. That alone drives possible discretionary income.

Its a self fulfilling status… why is Memphis in any other undergraduate position than UC or UL? Memphis is Tiger High because the university makes decisions that ensures it remains Tiger High. Christian Brothers High School does a better job of connecting with its alumni base than the University of Memphis.

So ignorant.

Cincinnati has an endowment of $1.7 billion. Louisville has an endowment of $1.3 billion. We have an endowment of $220 million. The money isn't there. Our best shot at having the money was when RC and Raines were in charge. 100% if Rudd and Bowen were in charge back then we would have our OCS.

RC was a criminal piece of trash moron, but Brad Martin and Rudd sure aren't. If it didn't get done with Martin and Rudd in charge, nobody was going to be able to do it.

UC & UL both have medical schools & research hospitals on campus. Of course, they have significant endowments to help fund those medical facilities… which is why I clarified undergraduate in my initial post.
06-05-2022 07:33 AM
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ncrdbl1 Offline
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Post: #42
RE: Details about Memphis stadium study
(06-04-2022 09:49 PM)Stammers Wrote:  
(06-04-2022 12:11 PM)Marc Mensa Wrote:  
(06-04-2022 09:00 AM)griffin Wrote:  
(06-04-2022 06:18 AM)Marc Mensa Wrote:  & part of the reason the endowment is only 200 million is because of the disconnect between the school & its alumni base. The U of M’s alumni giving % is dreadful, yet those graduates never step foot back on campus after graduating.

Study after study support the fact Memphis is major first generation degree university. That alone drives possible discretionary income.

Its a self fulfilling status… why is Memphis in any other undergraduate position than UC or UL? Memphis is Tiger High because the university makes decisions that ensures it remains Tiger High. Christian Brothers High School does a better job of connecting with its alumni base than the University of Memphis.

So ignorant.

Cincinnati has an endowment of $1.7 billion. Louisville has an endowment of $1.3 billion. We have an endowment of $220 million. The money isn't there. Our best shot at having the money was when RC and Raines were in charge. 100% if Rudd and Bowen were in charge back then we would have our OCS.

RC was a criminal piece of trash moron, but Brad Martin and Rudd sure aren't. If it didn't get done with Martin and Rudd in charge, nobody was going to be able to do it.


Why can't you move past the fact that RC fired Finch? Truth is it should have been done sooner.

We saw a massive increase in fundraising under RC. Most of the upgrades we're seeing now originated with RC. He's responsible for the growth in the TSF.

If we had our own BoR back then most of the planned upgrades would been finished by now or under construction.
(This post was last modified: 06-05-2022 03:51 PM by ncrdbl1.)
06-05-2022 03:48 PM
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BinghamptonNed Offline
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Post: #43
RE: Details about Memphis stadium study
(06-05-2022 03:48 PM)ncrdbl1 Wrote:  
(06-04-2022 09:49 PM)Stammers Wrote:  
(06-04-2022 12:11 PM)Marc Mensa Wrote:  
(06-04-2022 09:00 AM)griffin Wrote:  
(06-04-2022 06:18 AM)Marc Mensa Wrote:  & part of the reason the endowment is only 200 million is because of the disconnect between the school & its alumni base. The U of M’s alumni giving % is dreadful, yet those graduates never step foot back on campus after graduating.

Study after study support the fact Memphis is major first generation degree university. That alone drives possible discretionary income.

Its a self fulfilling status… why is Memphis in any other undergraduate position than UC or UL? Memphis is Tiger High because the university makes decisions that ensures it remains Tiger High. Christian Brothers High School does a better job of connecting with its alumni base than the University of Memphis.

So ignorant.

Cincinnati has an endowment of $1.7 billion. Louisville has an endowment of $1.3 billion. We have an endowment of $220 million. The money isn't there. Our best shot at having the money was when RC and Raines were in charge. 100% if Rudd and Bowen were in charge back then we would have our OCS.

RC was a criminal piece of trash moron, but Brad Martin and Rudd sure aren't. If it didn't get done with Martin and Rudd in charge, nobody was going to be able to do it.


Why can't you move past the fact that RC fired Finch? Truth is it should have been done sooner.

We saw a massive increase in fundraising under RC. Most of the upgrades we're seeing now originated with RC. He's responsible for the growth in the TSF.

If we had our own BoR back then most of the planned upgrades would been finished by now or under construction.

Never heard Stammers mention Finch’s firing as a reason RC sucked— for some reason you bring it up. Lol— I know, I know it is a coincidence
06-05-2022 06:07 PM
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Atlanta Offline
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Post: #44
RE: Details about Memphis stadium study
(06-03-2022 04:20 PM)Claw Wrote:  
(06-03-2022 03:37 PM)BinghamptonNed Wrote:  
(06-03-2022 11:13 AM)Stammers Wrote:  
(06-03-2022 10:10 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

I highly doubt that it would be a one time donation. I would assume that it could be spread out over many years the same way that the seat donation for basketball is paid out annually.

I was just giving a number for perspective, In order to pay for a new project you can ONLY USE NEW REVENUE - so these donations will have to come on top of any present day donations and revenue sources.

I was also using a absolute best case scenario for number of season tickets, and several fans have noted that $1,500 per ticket sounded steep---

The reality is - We don't have enough paying fans to generate $200,000,000 for a renovation -- we sure don't have anough for a $400,000,000+ new stadium.... People complaing and asking for an investigation are just flapping their gums and hurting the program (not much but a little)

We need all the support we can get and being excited about what we DO HAVE is a helluva lot better than complaining about what we don't have.

Well, I think you're wrong. I don't live in Memphis anymore. I won't be buying season tickets or a seat license. I won't be making a contribution.

If it was an OCS, I would be buying two season tickets and two seat licenses to give to my son who still lives in town. I think there are probably double the number of normal contributors that would step up for an OCS that have no interest in any other project the university will ever do. That money remains untapped and will forever.

There is a big chunk of alums out here that would do things for an OCS we won't do for anything else. I wonder if that was in the study?

Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.
06-05-2022 08:38 PM
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BinghamptonNed Offline
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Post: #45
RE: Details about Memphis stadium study
(06-05-2022 08:38 PM)Atlanta Wrote:  
(06-03-2022 04:20 PM)Claw Wrote:  
(06-03-2022 03:37 PM)BinghamptonNed Wrote:  
(06-03-2022 11:13 AM)Stammers Wrote:  
(06-03-2022 10:10 AM)BinghamptonNed Wrote:  btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

I highly doubt that it would be a one time donation. I would assume that it could be spread out over many years the same way that the seat donation for basketball is paid out annually.

I was just giving a number for perspective, In order to pay for a new project you can ONLY USE NEW REVENUE - so these donations will have to come on top of any present day donations and revenue sources.

I was also using a absolute best case scenario for number of season tickets, and several fans have noted that $1,500 per ticket sounded steep---

The reality is - We don't have enough paying fans to generate $200,000,000 for a renovation -- we sure don't have anough for a $400,000,000+ new stadium.... People complaing and asking for an investigation are just flapping their gums and hurting the program (not much but a little)

We need all the support we can get and being excited about what we DO HAVE is a helluva lot better than complaining about what we don't have.

Well, I think you're wrong. I don't live in Memphis anymore. I won't be buying season tickets or a seat license. I won't be making a contribution.

If it was an OCS, I would be buying two season tickets and two seat licenses to give to my son who still lives in town. I think there are probably double the number of normal contributors that would step up for an OCS that have no interest in any other project the university will ever do. That money remains untapped and will forever.

There is a big chunk of alums out here that would do things for an OCS we won't do for anything else. I wonder if that was in the study?

Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.
If you believe a nice new 40,000 seat stadium can be built for a little more than $200,000,000 you live in fantasy land— CSU’s stadium cost $250,000,000 a few years ago and the inflation adjusted figure is $400,000,000
06-05-2022 08:51 PM
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Atlanta Offline
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Post: #46
RE: Details about Memphis stadium study
(06-05-2022 08:51 PM)BinghamptonNed Wrote:  
(06-05-2022 08:38 PM)Atlanta Wrote:  
(06-03-2022 04:20 PM)Claw Wrote:  
(06-03-2022 03:37 PM)BinghamptonNed Wrote:  
(06-03-2022 11:13 AM)Stammers Wrote:  I highly doubt that it would be a one time donation. I would assume that it could be spread out over many years the same way that the seat donation for basketball is paid out annually.

I was just giving a number for perspective, In order to pay for a new project you can ONLY USE NEW REVENUE - so these donations will have to come on top of any present day donations and revenue sources.

I was also using a absolute best case scenario for number of season tickets, and several fans have noted that $1,500 per ticket sounded steep---

The reality is - We don't have enough paying fans to generate $200,000,000 for a renovation -- we sure don't have anough for a $400,000,000+ new stadium.... People complaing and asking for an investigation are just flapping their gums and hurting the program (not much but a little)

We need all the support we can get and being excited about what we DO HAVE is a helluva lot better than complaining about what we don't have.

Well, I think you're wrong. I don't live in Memphis anymore. I won't be buying season tickets or a seat license. I won't be making a contribution.

If it was an OCS, I would be buying two season tickets and two seat licenses to give to my son who still lives in town. I think there are probably double the number of normal contributors that would step up for an OCS that have no interest in any other project the university will ever do. That money remains untapped and will forever.

There is a big chunk of alums out here that would do things for an OCS we won't do for anything else. I wonder if that was in the study?

Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.
If you believe a nice new 40,000 seat stadium can be built for a little more than $200,000,000 you live in fantasy land— CSU’s stadium cost $250,000,000 a few years ago and the inflation adjusted figure is $400,000,000

My costs are a lot closer than your inflation adjustment.
06-05-2022 08:55 PM
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Marc Mensa Online
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Post: #47
RE: Details about Memphis stadium study
(06-05-2022 08:55 PM)Atlanta Wrote:  
(06-05-2022 08:51 PM)BinghamptonNed Wrote:  
(06-05-2022 08:38 PM)Atlanta Wrote:  
(06-03-2022 04:20 PM)Claw Wrote:  
(06-03-2022 03:37 PM)BinghamptonNed Wrote:  I was just giving a number for perspective, In order to pay for a new project you can ONLY USE NEW REVENUE - so these donations will have to come on top of any present day donations and revenue sources.

I was also using a absolute best case scenario for number of season tickets, and several fans have noted that $1,500 per ticket sounded steep---

The reality is - We don't have enough paying fans to generate $200,000,000 for a renovation -- we sure don't have anough for a $400,000,000+ new stadium.... People complaing and asking for an investigation are just flapping their gums and hurting the program (not much but a little)

We need all the support we can get and being excited about what we DO HAVE is a helluva lot better than complaining about what we don't have.

Well, I think you're wrong. I don't live in Memphis anymore. I won't be buying season tickets or a seat license. I won't be making a contribution.

If it was an OCS, I would be buying two season tickets and two seat licenses to give to my son who still lives in town. I think there are probably double the number of normal contributors that would step up for an OCS that have no interest in any other project the university will ever do. That money remains untapped and will forever.

There is a big chunk of alums out here that would do things for an OCS we won't do for anything else. I wonder if that was in the study?

Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.
If you believe a nice new 40,000 seat stadium can be built for a little more than $200,000,000 you live in fantasy land— CSU’s stadium cost $250,000,000 a few years ago and the inflation adjusted figure is $400,000,000

My costs are a lot closer than your inflation adjustment.

It makes no sense. They’ll raise & handover to the city 200 mil, but 300-350 mil & complete ownership on campus is a bridge too far.
06-05-2022 09:04 PM
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griffin Offline
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Post: #48
RE: Details about Memphis stadium study
(06-03-2022 03:37 PM)BinghamptonNed Wrote:  
(06-03-2022 11:13 AM)Stammers Wrote:  
(06-03-2022 10:10 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

I highly doubt that it would be a one time donation. I would assume that it could be spread out over many years the same way that the seat donation for basketball is paid out annually.

I was just giving a number for perspective, In order to pay for a new project you can ONLY USE NEW REVENUE - so these donations will have to come on top of any present day donations and revenue sources.

I was also using a absolute best case scenario for number of season tickets, and several fans have noted that $1,500 per ticket sounded steep---

The reality is - We don't have enough paying fans to generate $200,000,000 for a renovation -- we sure don't have anough for a $400,000,000+ new stadium.... People complaing and asking for an investigation are just flapping their gums and hurting the program (not much but a little)

We need all the support we can get and being excited about what we DO HAVE is a helluva lot better than complaining about what we don't have.

(06-05-2022 09:04 PM)Marc Mensa Wrote:  
(06-05-2022 08:55 PM)Atlanta Wrote:  
(06-05-2022 08:51 PM)BinghamptonNed Wrote:  
(06-05-2022 08:38 PM)Atlanta Wrote:  
(06-03-2022 04:20 PM)Claw Wrote:  Well, I think you're wrong. I don't live in Memphis anymore. I won't be buying season tickets or a seat license. I won't be making a contribution.

If it was an OCS, I would be buying two season tickets and two seat licenses to give to my son who still lives in town. I think there are probably double the number of normal contributors that would step up for an OCS that have no interest in any other project the university will ever do. That money remains untapped and will forever.

There is a big chunk of alums out here that would do things for an OCS we won't do for anything else. I wonder if that was in the study?

Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.
If you believe a nice new 40,000 seat stadium can be built for a little more than $200,000,000 you live in fantasy land— CSU’s stadium cost $250,000,000 a few years ago and the inflation adjusted figure is $400,000,000

My costs are a lot closer than your inflation adjustment.

It makes no sense. They’ll raise & handover to the city 200 mil, but 300-350 mil & complete ownership on campus is a bridge too far.

Along with $ 450,000,000 more in other "non-sports" related fund raising that has to occur for other capex projects.

There are only so many deep pocket people they have to go to for $ 250,000,000 and $ 450,000,000 - they just don't materialize out of thin air or "transfer" from another university just to donate money.

There is a limit during a specific period of time.

Only down side to this is $ 250,000,000 could have been raised just as easy ten to fifteen years ago with a slight push. As was mentioned before if Tom had been here maybe five years earlier along with another President, we would be in a 8 or so year stadium and the probability of being in the B12 is great.
06-05-2022 10:15 PM
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aardWolf Online
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Post: #49
RE: Details about Memphis stadium study
(06-05-2022 09:04 PM)Marc Mensa Wrote:  
(06-05-2022 08:55 PM)Atlanta Wrote:  
(06-05-2022 08:51 PM)BinghamptonNed Wrote:  
(06-05-2022 08:38 PM)Atlanta Wrote:  
(06-03-2022 04:20 PM)Claw Wrote:  Well, I think you're wrong. I don't live in Memphis anymore. I won't be buying season tickets or a seat license. I won't be making a contribution.

If it was an OCS, I would be buying two season tickets and two seat licenses to give to my son who still lives in town. I think there are probably double the number of normal contributors that would step up for an OCS that have no interest in any other project the university will ever do. That money remains untapped and will forever.

There is a big chunk of alums out here that would do things for an OCS we won't do for anything else. I wonder if that was in the study?

Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.
If you believe a nice new 40,000 seat stadium can be built for a little more than $200,000,000 you live in fantasy land— CSU’s stadium cost $250,000,000 a few years ago and the inflation adjusted figure is $400,000,000

My costs are a lot closer than your inflation adjustment.

It makes no sense. They’ll raise & handover to the city 200 mil, but 300-350 mil & complete ownership on campus is a bridge too far.

You don't understand why they can't just double the money they're committing? Can you double your income overnight just by wanting it? If so, can you teach the rest of us your secret?
06-06-2022 08:37 AM
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Claw Offline
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Post: #50
RE: Details about Memphis stadium study
(06-06-2022 08:37 AM)aardWolf Wrote:  
(06-05-2022 09:04 PM)Marc Mensa Wrote:  
(06-05-2022 08:55 PM)Atlanta Wrote:  
(06-05-2022 08:51 PM)BinghamptonNed Wrote:  
(06-05-2022 08:38 PM)Atlanta Wrote:  Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.
If you believe a nice new 40,000 seat stadium can be built for a little more than $200,000,000 you live in fantasy land— CSU’s stadium cost $250,000,000 a few years ago and the inflation adjusted figure is $400,000,000

My costs are a lot closer than your inflation adjustment.

It makes no sense. They’ll raise & handover to the city 200 mil, but 300-350 mil & complete ownership on campus is a bridge too far.

You don't understand why they can't just double the money they're committing? Can you double your income overnight just by wanting it? If so, can you teach the rest of us your secret?

You don't know what you can do until you try.

Why not ask the city to kick a $100 million for our new stadium instead of the other way around? How about $100 million from the state, $100 million from the city and we raise the rest?

By making a decision in private without any public discussion, they automatically relieve any pressure the public might bring to bear on their government representatives. We had cards in our hand that we didn't play.

Would it work? Maybe not, but you don't know what you can do until you try.
06-06-2022 09:07 AM
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gusrob Offline
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Post: #51
RE: Details about Memphis stadium study
(06-06-2022 09:07 AM)Claw Wrote:  
(06-06-2022 08:37 AM)aardWolf Wrote:  
(06-05-2022 09:04 PM)Marc Mensa Wrote:  
(06-05-2022 08:55 PM)Atlanta Wrote:  
(06-05-2022 08:51 PM)BinghamptonNed Wrote:  If you believe a nice new 40,000 seat stadium can be built for a little more than $200,000,000 you live in fantasy land— CSU’s stadium cost $250,000,000 a few years ago and the inflation adjusted figure is $400,000,000

My costs are a lot closer than your inflation adjustment.

It makes no sense. They’ll raise & handover to the city 200 mil, but 300-350 mil & complete ownership on campus is a bridge too far.

You don't understand why they can't just double the money they're committing? Can you double your income overnight just by wanting it? If so, can you teach the rest of us your secret?

You don't know what you can do until you try.

Why not ask the city to kick a $100 million for our new stadium instead of the other way around? How about $100 million from the state, $100 million from the city and we raise the rest?

By making a decision in private without any public discussion, they automatically relieve any pressure the public might bring to bear on their government representatives. We had cards in our hand that we didn't play.

Would it work? Maybe not, but you don't know what you can do until you try.

This is the hardest pill for me to swallow regarding stadium.
06-06-2022 09:10 AM
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Tiger87 Offline
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Post: #52
RE: Details about Memphis stadium study
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

How are those naming rights going to work - with the city already selling to Simmons Bank and keeping all the money?
06-06-2022 09:40 AM
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BERT56 Offline
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Post: #53
RE: Details about Memphis stadium study
Saw Garth this weekend at Protective Stadium in Birmingham. Great facility. Uptown was crazy!!! Five hour waits at almost all restaurants. Parking wasn't bad, $30 and had to walk about 1/4 mile. Had a great time and maybe we can get some stadium tours with the new upgrades.
06-06-2022 10:58 AM
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Marc Mensa Online
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Post: #54
RE: Details about Memphis stadium study
(06-06-2022 09:10 AM)gusrob Wrote:  
(06-06-2022 09:07 AM)Claw Wrote:  
(06-06-2022 08:37 AM)aardWolf Wrote:  
(06-05-2022 09:04 PM)Marc Mensa Wrote:  
(06-05-2022 08:55 PM)Atlanta Wrote:  My costs are a lot closer than your inflation adjustment.

It makes no sense. They’ll raise & handover to the city 200 mil, but 300-350 mil & complete ownership on campus is a bridge too far.

You don't understand why they can't just double the money they're committing? Can you double your income overnight just by wanting it? If so, can you teach the rest of us your secret?

You don't know what you can do until you try.

Why not ask the city to kick a $100 million for our new stadium instead of the other way around? How about $100 million from the state, $100 million from the city and we raise the rest?

By making a decision in private without any public discussion, they automatically relieve any pressure the public might bring to bear on their government representatives. We had cards in our hand that we didn't play.

Would it work? Maybe not, but you don't know what you can do until you try.

This is the hardest pill for me to swallow regarding stadium.

the university never wanted to be in the stadium business & did not have the will to politically fight for the funding. They had to have other priorities & plans for proposed sites because there is no other way to fall into what appears to be such a one sided win for the city. City leaders knew the university had no real plan to move forward with an OCS, so they played hardball & told “their primary tenant” to pay for their own upgrades; and we are. Sad.
(This post was last modified: 06-06-2022 11:29 AM by Marc Mensa.)
06-06-2022 11:29 AM
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3601 Offline
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Post: #55
RE: Details about Memphis stadium study
(06-06-2022 09:40 AM)Tiger87 Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

How are those naming rights going to work - with the city already selling to Simmons Bank and keeping all the money?

The naming rights listed above were the estimated naming rights for a new OCS.
06-06-2022 12:13 PM
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tigerfan39 Online
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Post: #56
RE: Details about Memphis stadium study
(06-05-2022 08:38 PM)Atlanta Wrote:  
(06-03-2022 04:20 PM)Claw Wrote:  
(06-03-2022 03:37 PM)BinghamptonNed Wrote:  
(06-03-2022 11:13 AM)Stammers Wrote:  
(06-03-2022 10:10 AM)BinghamptonNed Wrote:  btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

I highly doubt that it would be a one time donation. I would assume that it could be spread out over many years the same way that the seat donation for basketball is paid out annually.

I was just giving a number for perspective, In order to pay for a new project you can ONLY USE NEW REVENUE - so these donations will have to come on top of any present day donations and revenue sources.

I was also using a absolute best case scenario for number of season tickets, and several fans have noted that $1,500 per ticket sounded steep---

The reality is - We don't have enough paying fans to generate $200,000,000 for a renovation -- we sure don't have anough for a $400,000,000+ new stadium.... People complaing and asking for an investigation are just flapping their gums and hurting the program (not much but a little)

We need all the support we can get and being excited about what we DO HAVE is a helluva lot better than complaining about what we don't have.

Well, I think you're wrong. I don't live in Memphis anymore. I won't be buying season tickets or a seat license. I won't be making a contribution.

If it was an OCS, I would be buying two season tickets and two seat licenses to give to my son who still lives in town. I think there are probably double the number of normal contributors that would step up for an OCS that have no interest in any other project the university will ever do. That money remains untapped and will forever.

There is a big chunk of alums out here that would do things for an OCS we won't do for anything else. I wonder if that was in the study?

Exactly! I've already communicated I'm withholding my TSF giving until I know who's managing the construction, operations & the revenue split from game day revenues, parking & concessions. I just can't understand our university raising & giving the city $200M for a city owned & managed stadium. - especially when a new OCS stadium could be built for near same funds.

new stadium build is $400M. Get your facts straight.
06-06-2022 12:16 PM
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fsquid Offline
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Post: #57
RE: Details about Memphis stadium study
(06-03-2022 10:14 AM)griffin Wrote:  
(06-03-2022 10:03 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.



Scenario 1: stadium $307 million
+$17.5 million for seismic cost.
+site work $18.2 million
+Enabling cost $2.1 million
+"soft cost” of $98.2 million.
$444,000,0000 was the scenario 1

"This model included the need for a major lead gift estimated to net $104.8 million"




Do y'all remember when a respected poster came on this board and said that the school had sked two big boosters for $50,000,000 each?

Sounds like the answer was no, and the poster was spot on

(06-03-2022 10:10 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

We have averaged minus the covid year only about 15K each and every season since Fuente's last season. Even with the New Year's Day game, we did not increase our season ticket sales incrementally.

So, hopefully we can increase enough to get to 20K.

BTW we sold more season tickets Rip Schear's first year (21K) than we sell now. I believe it is a sign of the times in comparing that time frame to now.

Rip Roaring Football.
06-06-2022 02:35 PM
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Marc Mensa Online
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Post: #58
RE: Details about Memphis stadium study
(06-06-2022 02:35 PM)fsquid Wrote:  
(06-03-2022 10:14 AM)griffin Wrote:  
(06-03-2022 10:03 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.



Scenario 1: stadium $307 million
+$17.5 million for seismic cost.
+site work $18.2 million
+Enabling cost $2.1 million
+"soft cost” of $98.2 million.
$444,000,0000 was the scenario 1

"This model included the need for a major lead gift estimated to net $104.8 million"




Do y'all remember when a respected poster came on this board and said that the school had sked two big boosters for $50,000,000 each?

Sounds like the answer was no, and the poster was spot on

(06-03-2022 10:10 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

We have averaged minus the covid year only about 15K each and every season since Fuente's last season. Even with the New Year's Day game, we did not increase our season ticket sales incrementally.

So, hopefully we can increase enough to get to 20K.

BTW we sold more season tickets Rip Schear's first year (21K) than we sell now. I believe it is a sign of the times in comparing that time frame to now.

Rip Roaring Football.

The guy played a brutal schedule.

In ‘96, the played UT, Miami, Mississippi State & Missouri… plus an “American” schedule.

In ‘95 it was Michigan, Mississippi State, Arkansas & Ole Miss

1997 Michigan State, Minnesota & Mississippi State

1998 Mississippi State, Ole Miss, Arkansas & Minnesota

1999 Ole Miss, Mississippi State, Missouri, Tennessee

Had Rip been gifted a Tommy West schedule…
(This post was last modified: 06-06-2022 02:59 PM by Marc Mensa.)
06-06-2022 02:59 PM
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Hernando Hills Tiger Offline
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Post: #59
RE: Details about Memphis stadium study
(06-06-2022 02:59 PM)Marc Mensa Wrote:  
(06-06-2022 02:35 PM)fsquid Wrote:  
(06-03-2022 10:14 AM)griffin Wrote:  
(06-03-2022 10:03 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.



Scenario 1: stadium $307 million
+$17.5 million for seismic cost.
+site work $18.2 million
+Enabling cost $2.1 million
+"soft cost” of $98.2 million.
$444,000,0000 was the scenario 1

"This model included the need for a major lead gift estimated to net $104.8 million"




Do y'all remember when a respected poster came on this board and said that the school had sked two big boosters for $50,000,000 each?

Sounds like the answer was no, and the poster was spot on

(06-03-2022 10:10 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

We have averaged minus the covid year only about 15K each and every season since Fuente's last season. Even with the New Year's Day game, we did not increase our season ticket sales incrementally.

So, hopefully we can increase enough to get to 20K.

BTW we sold more season tickets Rip Schear's first year (21K) than we sell now. I believe it is a sign of the times in comparing that time frame to now.

Rip Roaring Football.

The guy played a brutal schedule.

In ‘96, the played UT, Miami, Mississippi State & Missouri… plus an “American” schedule.

In ‘95 it was Michigan, Mississippi State, Arkansas & Ole Miss

1997 Michigan State, Minnesota & Mississippi State

1998 Mississippi State, Ole Miss, Arkansas & Minnesota

1999 Ole Miss, Mississippi State, Missouri, Tennessee

Had Rip been gifted a Tommy West schedule…

It was easy to get those games because we sucked.
06-06-2022 03:10 PM
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3601 Offline
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Post: #60
RE: Details about Memphis stadium study
(06-06-2022 02:59 PM)Marc Mensa Wrote:  
(06-06-2022 02:35 PM)fsquid Wrote:  
(06-03-2022 10:14 AM)griffin Wrote:  
(06-03-2022 10:03 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.



Scenario 1: stadium $307 million
+$17.5 million for seismic cost.
+site work $18.2 million
+Enabling cost $2.1 million
+"soft cost” of $98.2 million.
$444,000,0000 was the scenario 1

"This model included the need for a major lead gift estimated to net $104.8 million"




Do y'all remember when a respected poster came on this board and said that the school had sked two big boosters for $50,000,000 each?

Sounds like the answer was no, and the poster was spot on

(06-03-2022 10:10 AM)BinghamptonNed Wrote:  
(06-03-2022 07:52 AM)BandwagonJumper Wrote:  In what was labeled “Scenario 3: Low funding potential,” the University of Memphis was determined to have an estimated funding capacity of just over $201 million, broken down into five categories:

Donor recognition opportunities: $22.505 million.

Naming rights: $25 million.

Founders suites: $15 million.

Capital seat gifts: $30.715 million.

Incremental annual stadium revenue (25-year bonds, 3.0% interest rate, 2.0 coverage): $108.223 million.

btw:
IF there are 20,000 current season tickets sold for the 2022 Season (which I think is wildly opimistic) "Capital seat gifts" would be an AVERAGE of $1,500 per season ticket to be donated/.

So if you have 4 season tickets the University's "cheap" plan is assuming you will make a one time donation of $6,000 - on average

We have averaged minus the covid year only about 15K each and every season since Fuente's last season. Even with the New Year's Day game, we did not increase our season ticket sales incrementally.

So, hopefully we can increase enough to get to 20K.

BTW we sold more season tickets Rip Schear's first year (21K) than we sell now. I believe it is a sign of the times in comparing that time frame to now.

Rip Roaring Football.

The guy played a brutal schedule.

In ‘96, the played UT, Miami, Mississippi State & Missouri… plus an “American” schedule.

In ‘95 it was Michigan, Mississippi State, Arkansas & Ole Miss

1997 Michigan State, Minnesota & Mississippi State

1998 Mississippi State, Ole Miss, Arkansas & Minnesota

1999 Ole Miss, Mississippi State, Missouri, Tennessee

Had Rip been gifted a Tommy West schedule…

Rip also went 11-19 in C-USA.
06-06-2022 03:29 PM
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