The Beav renovations, make your own sundae bar or this.................
- Thread starter Catch1lion
- Start date
The Bernabeu is an impressive stadium. I was sad they were playing away last two times I was in Madrid.
I really think European stadiums is where we need to be looking for this one. Something with a roof that covers the stands because we get so much rain in the fall, it is often miserable and when you are paying so much to attend a game, why not make it comfortable,
i would also like proper seating on each side of the file and basically bleachers on the endzones for the students and young alumni on the other side. That way you can have comfort for the older fans and atmosphere for the younger.
I really think European stadiums is where we need to be looking for this one. Something with a roof that covers the stands because we get so much rain in the fall, it is often miserable and when you are paying so much to attend a game, why not make it comfortable,
i would also like proper seating on each side of the file and basically bleachers on the endzones for the students and young alumni on the other side. That way you can have comfort for the older fans and atmosphere for the younger.
Real Madrid had a 2022-2023 operating income of 843 million Euros. What is the operating income for Penn State football?
I think the dreams of a make-your-own sundae bar will be replaced, at best, with a small Baskin Robins kiosk with about 12 flavors.
All great ideas. But they're estimating $700mm cost to renovate half of Beaver Stadium. A project along the lines of your suggestion probably takes the cos to $1.5bn-$2bn. And if "you are paying so much now" wait til you see what ticket prices look like after they've put the hammers and nails away.
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“If you build it, they will pay.”
But if all us rich guys on this board just pony up $100K or so (apparently not "a lot of money" to some), we could cut into the outlay considerably
Apres vous.But if all us rich guys on this board just pony up $100K or so (apparently not "a lot of money" to some), we could cut into the outlay considerably
A Mary Jane tray in the mix could offset some expenses, and help with recruiting.But if all us rich guys on this board just pony up $100K or so (apparently not "a lot of money" to some), we could cut into the outlay considerably
Anyone surprised, raise your hand.
Meanwhile, the Board has never so much as meaningfully discussed:
- The alternatives for Beaver Stadium's future.
- The financials for any such alternatives.
Or
- How any such project would be paid for.
Despite efforts to try to open even the slightest dialogue or deliberation on the subject.
A proposal which, as apparently constituted at $700 million to reno 1/2 of the stadium, would be the most expensive capital project in the 168 year history of the institution. A project concept which apparently formulated out of thin air via immaculate conception, with no one claiming the slightest hint of paternity, responsibility or provenance.
But 35 of 36 members of the Board apparently see no purpose in such consideration. BOT-Minutes-2023-May.pdf (bpb-us-e1.wpmucdn.com)
So, c'est la vie.
BTW, faculty and staff still wait for their "suspended" 2.5% salary increase - because it would be imprudent to commit to that increase (approx. $50-75 million?) - until more state appropriation is assured.
And the total cost of the "Cathedral of the Arts" project, including repurposing of "Old" Palmer adds another $40 million to the ticket (to $120 million+).
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They’re doing the new Bills Cathedral of Football too - maybe they just made a phone call?
Anyone surprised, raise your hand.
Meanwhile, the Board has never so much as meaningfully discussed:
- The alternatives for Beaver Stadium's future.
- The financials for any such alternatives.
Or
- How any such project would be paid for.
Despite efforts to try to open even the slightest dialogue or deliberation on the subject.
A proposal which, as apparently constituted at $700 million to reno 1/2 of the stadium, would be the most expensive capital project in the 168 year history of the institution. A project concept which apparently formulated out of thin air via immaculate conception, with no one claiming the slightest hint of paternity, responsibility or provenance.
But 35 of 36 members of the Board apparently see no purpose in such consideration.
So, c'est la vie.
BTW, faculty and staff still wait for their "suspended" 2.5% salary increase - because it would be imprudent to commit to that increase (approx. $50-75 million?) - until more state appropriation is assured.
And the total cost of the "Cathedral of the Arts" project, including repurposing of "Old" Palmer adds another $40 million to the ticket (to $120 million+).
I thought when presented initially there were options to renovate or build new and the renovations varied in scope and cost. That said, Kyle Field was renovated by Populous for $465mm.
Nope. Not even that - let alone actual analysis of cash flows (Finance 101, first-year-business-student level fundamentals).
The deepest level of fiscal accountability, TTBOMK, has been "Whatever we spend, it can never be enough".
And that wouldn't even be the most disconcerting aspect, IMO. That would be wondering why wouldn't someone at least want to know - even in the most broad-brush scope -"what are the options, pluses, minuses, etc".
Is this the stewardship that Penn Staters want?
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IndeedThey’re doing the new Bills Cathedral of Football too - maybe they just made a phone call?
Buffalo Bills' Stadium Cost Rises Due To Nearly $300M Overruns - Sports Illustrated Buffalo Bills News, Analysis and More
"According to the Associated Press, the construction has incurred nearly $300 million in overruns. These overruns would bring the total cost of the stadium to around $1.7 billion. Notably, the agreement states that the Bills are responsible for any additional costs from the initial $1.4 billion agreement in March 2022.
Additionally, The Athletic previously referenced someone familiar with the situation as saying the final price tag could be as high as $1.9 billion."
Anyone surprised, raise your hand.
Meanwhile, the Board has never so much as meaningfully discussed:
- The alternatives for Beaver Stadium's future.
- The financials for any such alternatives.
Or
- How any such project would be paid for.
Despite efforts to try to open even the slightest dialogue or deliberation on the subject.
A proposal which, as apparently constituted at $700 million to reno 1/2 of the stadium, would be the most expensive capital project in the 168 year history of the institution. A project concept which apparently formulated out of thin air via immaculate conception, with no one claiming the slightest hint of paternity, responsibility or provenance.
But 35 of 36 members of the Board apparently see no purpose in such consideration. BOT-Minutes-2023-May.pdf (bpb-us-e1.wpmucdn.com)
So, c'est la vie.
BTW, faculty and staff still wait for their "suspended" 2.5% salary increase - because it would be imprudent to commit to that increase (approx. $50-75 million?) - until more state appropriation is assured.
And the total cost of the "Cathedral of the Arts" project, including repurposing of "Old" Palmer adds another $40 million to the ticket (to $120 million+).
Check your spam folder. I’m sure you missed e-mail deliberations and meeting requests.
(In other words, misunderstanding.)
Any word on what the old Palmer is going to be repurposed for?
Is this new info?
I think new to the G pop. This article suggests a competitive process to select Populous .
Architect, Construction Manager, Consultant Selected for Beaver Stadium Renovations
UNIVERSITY PARK, Pa. – After a competitive process, Penn State has announced its architect — Populous — and construction manager — a joint venture of Barton Malow, AECOM Hunt and Alexander — as selections for the multi-year, multi-phase Beaver Stadium renovation project. With significant...
I wonder if anyone remembers when, exactly, the PSU Board voted to approve of this $700 Million project?
First person with the right answer wins a free panini. My treat.
First person with the right answer wins a free panini. My treat.
When it comes to spending, do projects come before the full board for approval? Or can the Committee on Finance, Business, and Capital Planning just pull the trigger? Seems like the latter in every article I've read.
On my, no.
$10 MM + in total costs, or any project requiring any debt financing, is to be approved by the full Board. FWIW
It is common practice for the Committee to "recommend" proposals, to the full Board. But the full Board is required to approve them (if they meet either of the criteria above)
FYI:
Board ByLaws : Charter, Bylaws, & Standing Orders | Office of the Board of Trustees (psu.edu)
Section 5.09 (a) (iii) (6) (7) and (8)
In actual practice - no proposal is ever rejected - by either the Committee or the full Board. That is, obviously, a mathematical certainty (LionJim can check my work) when a significant majority of Board members have never voted "No" on a single proposal. Ever. Which is, of course, a whole 'nother kettle of fish.
Generally, one would assume that there would at least be some awareness of where the proposal "came from" - and not be some non-provenanced bastard child - though even that seems to be less common as time goes on.
Still waiting on someone to win the Panini
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