FC: Lubrano, Paterno re-elected to alumni seats
- Thread starter Zenophile
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Something like $30mm-40mm is for winterization of the current structure. The remainder is for design, engineering, acquisition of permits, etc for the new project.
Unless "winterization" survives new construction, which is not clear, that money will never be recovered.
Don't believe the $700mm is entirely "imaginary." Believe the powers that be went to the underwriters and got an amount of bonds PSU could issue, for the stadium and other purposes, without cratering its rating. I mean, who the fu@k does half a stadium?
Somewhat tangential - but very important.
FWIW:
I think ALL options should be on the table.
Whatever one's "gut feel" may say, it is certainly within the realm of possibility that either a "lesser" maintain/enhance project could be preferable to the "extensive remodel" (an "extensive remodel" that, as you point out, leaves the bulk of the stadium as a 20-60 year old structure)...... and the same could be said for a "new build".... just as two examples.
Despite the barstool talk that permeates most sports-related discussions, decisions (especially decisions of this significance) should be fully vetted with all reasonable options on the table.
People responsible for those decisions should never be placed in a position to make such decisions while they simply "don't know".
Welcome to Ali, she will bring new ideas to board, Pope was a good servant of PSU spoke with her before election. She campaigned for the other two more than they did. Lubrano and Paterno have spent too much time on the BOT. Sorry they won.
Tell us more. What do you think about oldest sisterās spouse?
I donāt think $700 MM is going to cover it. Back to the drawing board for Pat and Neeli.
Lots of people do. Ive seen it in European soccer, where they will do a "stand" (usually one side of a four sided stadium) at a time, so as to keep the stadium playable. In fact, the erector set construction of the Beav, except for the first 25 or so rows, may well. lend itself to that.
Here's one example.
I think ASU is doing the same thing.
Great example is the Liverpool stadium currently renovating one stand, the other was already completed, Fenway Sports Group is owner.
You asked I answered, and agree am sure he does not care. Thatās part of the total disconnect he has with other Alumns, itās his agenda to turn back the clock. If he is so concerned about PSU why not use his name to get the funding from Harrisburg increased?
Based on what? As stated in another post, they have lots more data than we do. Itās for a portion of stadium and likely structural improvements to existing structure.
Not so fast.
Don't think I'd hold my breath waiting for assistance from the Commonwealth.
Waiting for Franklin to say his alignment with the Commonwealth is the best itās ever been.
Money? Sure, I expect there will be some. If nothing else, PSU will direct some of the state funding for capital spending and maintenance to the stadium, just like ASWP did for The Pete.James says he'll bet you a chunk of coal that money comes in via the Commonwealth.
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Might want to ask Dr. Bendapudi if she's happy with Shapiro's proposal for PSU's allocation.
Waiting for Franklin to say his alignment with the Commonwealth is the best itās ever been.
Maybe one of the Governor's BOT appointees will propose a 10% drink tax for Centre County to fund all things PSU.
Hmmmm, Harrisburg giving PSU the authority to tax. Could give rise to some interesting possibilities. I think Dr. Bendapudi needs to give you a job!Maybe one of the Governor's BOT appointees will propose a 10% drink tax for Centre County to fund all things PSU.
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