This week's PSU BOT meetings:

[PSUFTG]

PSU BOT meetings will take place this week (Thursday and Friday).

Plenty of important issues on the agenda (including the "Beaver Stadium" issue that has been drawing so much attention).
Will also be discussing numerous other capital projects, appointments to various PSU Boards (including the BOT), and announcement of Alumni Trustee election results.

Full agenda here - with links to log in via Zoom.
You can, of course, also attend in person (which is better).


May 4-5, 2023 Thursday and Friday | Office of the Board of Trustees (psu.edu)

 

[BobPSU92]

There should be some intense deliberations. I can’t wait to see which, if any, of the capital projects are approved.


*snicker*

 

[GrimReaper]

Can't get the agenda for the Committee on Finance, Business, and Capital Planning meeting. Wonder if the trustees, other than the select few, can.

 

[91Joe95]

Can't get the agenda for the Committee on Finance, Business, and Capital Planning meeting. Wonder if the trustees, other than the select few, can.

I bet Brandon Short is keenly interested in it.

 

[91Joe95]

PSU BOT meetings will take place this week (Thursday and Friday).

Plenty of important issues on the agenda (including the "Beaver Stadium" issue that has been drawing so much attention).
Will also be discussing numerous other capital projects, appointments to various PSU Boards (including the BOT), and announcement of Alumni Trustee election results.

Full agenda here - with links to log in via Zoom.
You can, of course, also attend in person (which is better).


May 4-5, 2023 Thursday and Friday | Office of the Board of Trustees (psu.edu)

Did they at least give you details and a time to analyze and ask questions before voting on any of these projects?

 

[GrimReaper]

I bet Brandon Short is keenly interested in it.

Just tell Brandon the amount and he'll vote "yes."

 

[PSUFTG]

Can't get the agenda for the Committee on Finance, Business, and Capital Planning meeting. Wonder if the trustees, other than the select few, can.

Should be available through a link on this page:
Thursday, May 4, 2023 FBCP | Office of the Board of Trustees (psu.edu)

But, if you can't pull it up there - here it is:

"Committee on Finance, Business, and Capital Planning Meeting Agenda
Thursday, May 4, 2023 1:00 – 2:15 pm
Engineering Design & Innovation Building, West Campus

Public Session
1. Call to Order (R. Fenza)
2. Approval of February 16, 2023, Meeting Minutes (R. Fenza)

Action Items

3. Proposed Project Approval – Greenberg Indoor Sports Center Training Table Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
4. Proposed Project Approval – Jeffrey Field Soccer Complex Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
5. Proposed Project Approval – Indoor Practice Air Supported Structure, University Park (B. Sitzabee and S. Thorndike)
6. Proposed Project Approval – East Area Locker Room Renovation, University Park (B. Sitzabee and S. Thorndike)
7. Proposed Project Approval – Lasch Renovation Phase 2 (P. Kraft, B. Sitzabee and S. Thorndike)
8. Proposed Project Approval – Beaver Stadium Renovation (P. Kraft, B. Sitzabee and S. Thorndike)
9. Proposed Authorization to Expend Funds, Hazardous Waste Management Facility, University Park (B. Sitzabee)
10. Proposed Approval – Five-Year Capital Plan (B. Sitzabee and S. Thorndike)
11. Consideration of Proposed Interim Maintenance and Operating Budget for the University for the Fiscal Year Beginning July 1, 2023 (S. Thorndike)
12. Proposed Edits to FBCP Committee Operating Guidelines (R. Fenza)
13. Proposed Extension of Remaining Borrowing Authority of Current Capital Plan (S. Thorndike) Informational Reports
14. Review of Subcommittee on Finance Operating Guidelines (S. Thorndike)
15. Q3 Financial Results (S. Thorndike)
16. Capital Plan and Borrowing Report (Posted to Diligent)"

 

[BobPSU92]

Should be available through a link on this page:
Thursday, May 4, 2023 FBCP | Office of the Board of Trustees (psu.edu)

But, if you can't pull it up there - here it is:

"Committee on Finance, Business, and Capital Planning Meeting Agenda
Thursday, May 4, 2023 1:00 – 2:15 pm
Engineering Design & Innovation Building, West Campus

Public Session
1. Call to Order (R. Fenza)
2. Approval of February 16, 2023, Meeting Minutes (R. Fenza)

Action Items

3. Proposed Project Approval – Greenberg Indoor Sports Center Training Table Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
4. Proposed Project Approval – Jeffrey Field Soccer Complex Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
5. Proposed Project Approval – Indoor Practice Air Supported Structure, University Park (B. Sitzabee and S. Thorndike)
6. Proposed Project Approval – East Area Locker Room Renovation, University Park (B. Sitzabee and S. Thorndike)
7. Proposed Project Approval – Lasch Renovation Phase 2 (P. Kraft, B. Sitzabee and S. Thorndike)
8. Proposed Project Approval – Beaver Stadium Renovation (P. Kraft, B. Sitzabee and S. Thorndike)
9. Proposed Authorization to Expend Funds, Hazardous Waste Management Facility, University Park (B. Sitzabee)
10. Proposed Approval – Five-Year Capital Plan (B. Sitzabee and S. Thorndike)
11. Consideration of Proposed Interim Maintenance and Operating Budget for the University for the Fiscal Year Beginning July 1, 2023 (S. Thorndike)
12. Proposed Edits to FBCP Committee Operating Guidelines (R. Fenza)
13. Proposed Extension of Remaining Borrowing Authority of Current Capital Plan (S. Thorndike) Informational Reports
14. Review of Subcommittee on Finance Operating Guidelines (S. Thorndike)
15. Q3 Financial Results (S. Thorndike)
16. Capital Plan and Borrowing Report (Posted to Diligent)"

 

[GrimReaper]

Should be available through a link on this page:
Thursday, May 4, 2023 FBCP | Office of the Board of Trustees (psu.edu)

But, if you can't pull it up there - here it is:

"Committee on Finance, Business, and Capital Planning Meeting Agenda
Thursday, May 4, 2023 1:00 – 2:15 pm
Engineering Design & Innovation Building, West Campus

Public Session
1. Call to Order (R. Fenza)
2. Approval of February 16, 2023, Meeting Minutes (R. Fenza)

Action Items

3. Proposed Project Approval – Greenberg Indoor Sports Center Training Table Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
4. Proposed Project Approval – Jeffrey Field Soccer Complex Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
5. Proposed Project Approval – Indoor Practice Air Supported Structure, University Park (B. Sitzabee and S. Thorndike)
6. Proposed Project Approval – East Area Locker Room Renovation, University Park (B. Sitzabee and S. Thorndike)
7. Proposed Project Approval – Lasch Renovation Phase 2 (P. Kraft, B. Sitzabee and S. Thorndike)
8. Proposed Project Approval – Beaver Stadium Renovation (P. Kraft, B. Sitzabee and S. Thorndike)
9. Proposed Authorization to Expend Funds, Hazardous Waste Management Facility, University Park (B. Sitzabee)
10. Proposed Approval – Five-Year Capital Plan (B. Sitzabee and S. Thorndike)
11. Consideration of Proposed Interim Maintenance and Operating Budget for the University for the Fiscal Year Beginning July 1, 2023 (S. Thorndike)
12. Proposed Edits to FBCP Committee Operating Guidelines (R. Fenza)
13. Proposed Extension of Remaining Borrowing Authority of Current Capital Plan (S. Thorndike) Informational Reports
14. Review of Subcommittee on Finance Operating Guidelines (S. Thorndike)
15. Q3 Financial Results (S. Thorndike)
16. Capital Plan and Borrowing Report (Posted to Diligent)"

Well, that's illuminating. I go back to an earlier comment I made in re Beaver Stadium. How much background material have you seen? What are they presenting? I'd be reluctant to approve $70mm for Phase I without seeing the entire ball of wax, how much it will cost, how it will be financed, timeline for completion, etc. Who is going to oversee this project? To the best of my knowledge PSU doesn't have anyone currently on staff who has dealt with a project of this magnitude.

 

[PSUJD]

Well, that's illuminating. I go back to an earlier comment I made in re Beaver Stadium. How much background material have you seen? What are they presenting? I'd be reluctant to approve $70mm for Phase I without seeing the entire ball of wax, how much it will cost, how it will be financed, timeline for completion, etc. Who is going to oversee this project? To the best of my knowledge PSU doesn't have anyone currently on staff who has dealt with a project of this magnitude.

Pat Kraft said there were 19 studies completed on Beaver Stadium during Sandy’s tenure that went nowhere. So all this isn’t for a lack of info…… They probably don’t have anyone on staff who’s dealt with a project like this because much needed improvements to Beaver Stadium and other facilities have been flat out neglected for years. Time to get the ball rolling.

 

[GrimReaper]

Pat Kraft said there were 19 studies completed on Beaver Stadium during Sandy’s tenure that went nowhere. So all this isn’t for a lack of info…… They probably don’t have anyone on staff who’s dealt with a project like this because much needed improvements to Beaver Stadium and other facilities have been flat out neglected for years. Time to get the ball rolling.

Whatever. So how the fu@k are they paying for it? And when someone asks me to approve the expenditure of God-knows how much money, I'd want more than a couple of days to look the proposal over.

BTW, I think Kraft is intentionally exaggerating the number of studies: that's 2-1/2 a year. Either that, or he has quite the collection of table napkins.

 

[Midnighter]

PSU BOT meetings will take place this week (Thursday and Friday).

Plenty of important issues on the agenda (including the "Beaver Stadium" issue that has been drawing so much attention).
Will also be discussing numerous other capital projects, appointments to various PSU Boards (including the BOT), and announcement of Alumni Trustee election results.

Full agenda here - with links to log in via Zoom.
You can, of course, also attend in person (which is better).


May 4-5, 2023 Thursday and Friday | Office of the Board of Trustees (psu.edu)

Oooh! Announcing the alumni trustee winners? When? Beginning?

 

[Midnighter]

Whatever. So how the fu@k are they paying for it? And when someone asks me to approve the expenditure of God-knows how much money, I'd want more than a couple of days to look the proposal over.

BTW, I think Kraft is intentionally exaggerating the number of studies: that's 2-1/2 a year. Either that, or he has quite the collection of table napkins.

They don’t care how long they give the alumni elected trustees to review anything…they don’t have the votes to do anything about anything.

 

[GrimReaper]

They don’t care how long they give the alumni elected trustees to review anything…they don’t have the votes to do anything about anything.

It's not only alumni-elected trustees. All members of the Board have fiduciary responsibility. I'm assuming that they all get the same material at the same time, with sufficient time for review. If not, something is dreadfully wrong.

 

[Midnighter]

It's not only alumni-elected trustees. All members of the Board have fiduciary responsibility. I'm assuming that they all get the same material at the same time, with sufficient time for review. If not, something is dreadfully wrong.

My assumption is the senior decision makers meet on the side and discuss how they’re going to vote and then do it with or without anyone else. And that they have everything in advance. That to me
Would be less surprising than everyone getting everything at the same time only days in advance of the vote…

 

[GrimReaper]

My assumption is the senior decision makers meet on the side and discuss how they’re going to vote and then do it with or without anyone else. And that they have everything in advance. That to me
Would be less surprising than everyone getting everything at the same time only days in advance of the vote…

If that's what happens, then the entire PSU senior administration, from Bendapudi on down, ought to be fired.

 

[PSUJam]

PSU BOT meetings will take place this week (Thursday and Friday).

Plenty of important issues on the agenda (including the "Beaver Stadium" issue that has been drawing so much attention).
Will also be discussing numerous other capital projects, appointments to various PSU Boards (including the BOT), and announcement of Alumni Trustee election results.

Full agenda here - with links to log in via Zoom.
You can, of course, also attend in person (which is better).


May 4-5, 2023 Thursday and Friday | Office of the Board of Trustees (psu.edu)

Contractors are lining up to bid. Here's one nearby.

 

[PSUJD]

Whatever. So how the fu@k are they paying for it? And when someone asks me to approve the expenditure of God-knows how much money, I'd want more than a couple of days to look the proposal over.

BTW, I think Kraft is intentionally exaggerating the number of studies: that's 2-1/2 a year. Either that, or he has quite the collection of table napkins.

They’re going to take out loans and then the revenue from the new luxury box/event space on the West side, as well as the new TV contract, ticket prices, donations etc. will help pay for it. It was all in Nate’s article.

This week will not be the first time the trustees see these proposals. It’s basically a final stamp on what has been a very long process.

If these renovations were done 6 years ago when it was initially proposed, they would have been significantly cheaper. Instead, we’re getting less renovations for about double the price… all because of the incompetence/cheap assery of the Baron/Sandy etc administration

 

[BobPSU92]

Oooh! Announcing the alumni trustee winners? When? Beginning?

Alumni are never winners.

 

[91Joe95]

Should be available through a link on this page:
Thursday, May 4, 2023 FBCP | Office of the Board of Trustees (psu.edu)

But, if you can't pull it up there - here it is:

"Committee on Finance, Business, and Capital Planning Meeting Agenda
Thursday, May 4, 2023 1:00 – 2:15 pm
Engineering Design & Innovation Building, West Campus

Public Session
1. Call to Order (R. Fenza)
2. Approval of February 16, 2023, Meeting Minutes (R. Fenza)

Action Items

3. Proposed Project Approval – Greenberg Indoor Sports Center Training Table Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
4. Proposed Project Approval – Jeffrey Field Soccer Complex Renovation and Addition, University Park (B. Sitzabee and S. Thorndike)
5. Proposed Project Approval – Indoor Practice Air Supported Structure, University Park (B. Sitzabee and S. Thorndike)
6. Proposed Project Approval – East Area Locker Room Renovation, University Park (B. Sitzabee and S. Thorndike)
7. Proposed Project Approval – Lasch Renovation Phase 2 (P. Kraft, B. Sitzabee and S. Thorndike)
8. Proposed Project Approval – Beaver Stadium Renovation (P. Kraft, B. Sitzabee and S. Thorndike)
9. Proposed Authorization to Expend Funds, Hazardous Waste Management Facility, University Park (B. Sitzabee)
10. Proposed Approval – Five-Year Capital Plan (B. Sitzabee and S. Thorndike)
11. Consideration of Proposed Interim Maintenance and Operating Budget for the University for the Fiscal Year Beginning July 1, 2023 (S. Thorndike)
12. Proposed Edits to FBCP Committee Operating Guidelines (R. Fenza)
13. Proposed Extension of Remaining Borrowing Authority of Current Capital Plan (S. Thorndike) Informational Reports
14. Review of Subcommittee on Finance Operating Guidelines (S. Thorndike)
15. Q3 Financial Results (S. Thorndike)
16. Capital Plan and Borrowing Report (Posted to Diligent)"

Beaver Stadium is the 8th item?!? Where the hell is the Board's priorities?!

 

[91Joe95]

They’re going to take out loans and then the revenue from the new luxury box/event space on the West side, as well as the new TV contract, ticket prices, donations etc. will help pay for it. It was all in Nate’s article.

This week will not be the first time the trustees see these proposals. It’s basically a final stamp on what has been a very long process.

If these renovations were done 6 years ago when it was initially proposed, they would have been significantly cheaper. Instead, we’re getting less renovations for about double the price… all because of the incompetence/cheap assery of the Baron/Sandy etc administration

As God is my witness, I am about to defend both Frau Barren and Sandy - they were busy paying off all the "NCAA" fines, "Big 10" fines, and "victims" that the bot mandated they pay, which just so happens to be half the price of this new renovation.

 

[PSUFTG]

They’re going to take out loans and then the revenue from the new luxury box/event space on the West side, as well as the new TV contract, ticket prices, donations etc. will help pay for it. It was all in Nate’s article.

This week will not be the first time the trustees see these proposals. It’s basically a final stamp on what has been a very long process.

If these renovations were done 6 years ago when it was initially proposed, they would have been significantly cheaper. Instead, we’re getting less renovations for about double the price… all because of the incompetence/cheap assery of the Baron/Sandy etc administration

Your sources seem to have a consistently bad, or at least deficient, track record.

 

[PSUJD]

Your sources seem to have a consistently bad, or at least deficient, track record.

The details are literally in the article that Nate wrote and explained in subsequent interviews.

Penn State to present first phase of Beaver Stadium renovation for Board of Trustees approval

Penn State is set to present its proposal for the first stages of an expansive Beaver Stadium renovation to the Board of Trustees next month.

www.on3.com

 

[GrimReaper]

They’re going to take out loans and then the revenue from the new luxury box/event space on the West side, as well as the new TV contract, ticket prices, donations etc. will help pay for it. It was all in Nate’s article.

This week will not be the first time the trustees see these proposals. It’s basically a final stamp on what has been a very long process.

If these renovations were done 6 years ago when it was initially proposed, they would have been significantly cheaper. Instead, we’re getting less renovations for about double the price… all because of the incompetence/cheap assery of the Baron/Sandy etc administration

Incorporating revenue from the new media rights deals to justify expenditures on the stadium is lousy finance.

 

[PSUJam]

Incorporating revenue from the new media rights deals to justify expenditures on the stadium is lousy finance.

I know I'm going to get roased for this but it's time for the discussion. It's not college football anymore.

"Las Vegas Raiders, Allegiant, $25 million per year, 2020-49
Dallas Cowboys, AT&T, $19 million per year, 2013, term unknown
New York Jets/Giants, MetLife, $16 million per year, 2011-36
Los Angeles Rams/Chargers, SoFi, $15 million per year, 2020-39
Miami Dolphins, Hard Rock $13.9 million per year, 2016-34
Atlanta Falcons, Mercedes-Benz, $12 million per year, 2015-42
San Francisco 49ers, Levi’s, $11 million per year, 2013-33
Seattle Seahawks, Lumen, $10.8 million per year, 2019-33
Pittsburgh Steelers, Acrisure, $10 million per year, 2022-36
Houston Texans, NRG Energy, $9.4 million, 2000-32
Minnesota Vikings, US Bank, $8.8 million per year, 2015-40
New England Patriots, Gillette, $8 million per year, 2017-31
Arizona Cardinals, University of Phoenix, $7.7 million per year, 2006-26
Washington Commanders, FedEx, $7.6 million per year, 1998-2025
Carolina Panthers, Bank of America, $7 million per year, 2004-24
New Orleans Saints, Caeser Entertainment, $6.9 million per year, 2021-40
Philadelphia Eagles, Lincoln Financial, $6.6 million per year, 2002-22; $12.1 million per year 2023-32
Indianapolis Colts, Lucas Oil, $6.1 million per year, 2006-28
Baltimore Ravens, M&T Bank $6 million per year, 2014-27
Cleveland Browns, FirstEnergy, $6 million per year, 2013-30
Buffalo Bills, Highmark, $5 million per year, 2021-30
Denver Broncos, Empower, $5 million per year, 2019-39
Tennessee Titans, Nissan, $5 million per year, 2015-34
Jacksonville Jaguars, EverBank Field, $4.3 million per year, 2014-24
Tampa Bay Buccaneers, Raymond James Financial, $3.2 million per year, 2016-27
Pittsburgh Steelers, Heinz, $2.85 million per year, 2001-21
Detroit Lions, Ford, $2 million per year, 2002-26
Kansas City Chiefs, GEHA, not reported
Cincinnati Bengals, Green Bay Packers, Chicago Bears: none"

Steelers Get $150M in Acrisure Stadium Rights Deal, 11th-Most in NFL

The naming rights deal for the Pittsburgh Steelers home, Acrisure Stadium for 2022 is worth more than $150 million over 15 years.

steelersnow.com

 

[kgilbert78]

Contractors are lining up to bid. Here's one nearby.

Did you notice that the first three letters on the plate were "DEM" Reminds me of some of Demlion's stories....

 

[kgilbert78]

I know I'm going to get roased for this but it's time for the discussion. It's not college football anymore.

"Las Vegas Raiders, Allegiant, $25 million per year, 2020-49
Dallas Cowboys, AT&T, $19 million per year, 2013, term unknown
New York Jets/Giants, MetLife, $16 million per year, 2011-36
Los Angeles Rams/Chargers, SoFi, $15 million per year, 2020-39
Miami Dolphins, Hard Rock $13.9 million per year, 2016-34
Atlanta Falcons, Mercedes-Benz, $12 million per year, 2015-42
San Francisco 49ers, Levi’s, $11 million per year, 2013-33
Seattle Seahawks, Lumen, $10.8 million per year, 2019-33
Pittsburgh Steelers, Acrisure, $10 million per year, 2022-36
Houston Texans, NRG Energy, $9.4 million, 2000-32
Minnesota Vikings, US Bank, $8.8 million per year, 2015-40
New England Patriots, Gillette, $8 million per year, 2017-31
Arizona Cardinals, University of Phoenix, $7.7 million per year, 2006-26
Washington Commanders, FedEx, $7.6 million per year, 1998-2025
Carolina Panthers, Bank of America, $7 million per year, 2004-24
New Orleans Saints, Caeser Entertainment, $6.9 million per year, 2021-40
Philadelphia Eagles, Lincoln Financial, $6.6 million per year, 2002-22; $12.1 million per year 2023-32
Indianapolis Colts, Lucas Oil, $6.1 million per year, 2006-28
Baltimore Ravens, M&T Bank $6 million per year, 2014-27
Cleveland Browns, FirstEnergy, $6 million per year, 2013-30
Buffalo Bills, Highmark, $5 million per year, 2021-30
Denver Broncos, Empower, $5 million per year, 2019-39
Tennessee Titans, Nissan, $5 million per year, 2015-34
Jacksonville Jaguars, EverBank Field, $4.3 million per year, 2014-24
Tampa Bay Buccaneers, Raymond James Financial, $3.2 million per year, 2016-27
Pittsburgh Steelers, Heinz, $2.85 million per year, 2001-21
Detroit Lions, Ford, $2 million per year, 2002-26
Kansas City Chiefs, GEHA, not reported
Cincinnati Bengals, Green Bay Packers, Chicago Bears: none"

Steelers Get $150M in Acrisure Stadium Rights Deal, 11th-Most in NFL

The naming rights deal for the Pittsburgh Steelers home, Acrisure Stadium for 2022 is worth more than $150 million over 15 years.

steelersnow.com

The Bengals must have one now, as there's a name on the stadium last time I was down there (last weekend).

It's now Paycor Stadium as of August 2022.

 

[PSUJam]

Did you notice that the first three letters on the plate were "DEM" Reminds me of some of Demlion's stories....

Perhaps it's him using the ladder to get his boat out of a tree?

 

[GrimReaper]

I know I'm going to get roased for this but it's time for the discussion. It's not college football anymore.

"Las Vegas Raiders, Allegiant, $25 million per year, 2020-49
Dallas Cowboys, AT&T, $19 million per year, 2013, term unknown
New York Jets/Giants, MetLife, $16 million per year, 2011-36
Los Angeles Rams/Chargers, SoFi, $15 million per year, 2020-39
Miami Dolphins, Hard Rock $13.9 million per year, 2016-34
Atlanta Falcons, Mercedes-Benz, $12 million per year, 2015-42
San Francisco 49ers, Levi’s, $11 million per year, 2013-33
Seattle Seahawks, Lumen, $10.8 million per year, 2019-33
Pittsburgh Steelers, Acrisure, $10 million per year, 2022-36
Houston Texans, NRG Energy, $9.4 million, 2000-32
Minnesota Vikings, US Bank, $8.8 million per year, 2015-40
New England Patriots, Gillette, $8 million per year, 2017-31
Arizona Cardinals, University of Phoenix, $7.7 million per year, 2006-26
Washington Commanders, FedEx, $7.6 million per year, 1998-2025
Carolina Panthers, Bank of America, $7 million per year, 2004-24
New Orleans Saints, Caeser Entertainment, $6.9 million per year, 2021-40
Philadelphia Eagles, Lincoln Financial, $6.6 million per year, 2002-22; $12.1 million per year 2023-32
Indianapolis Colts, Lucas Oil, $6.1 million per year, 2006-28
Baltimore Ravens, M&T Bank $6 million per year, 2014-27
Cleveland Browns, FirstEnergy, $6 million per year, 2013-30
Buffalo Bills, Highmark, $5 million per year, 2021-30
Denver Broncos, Empower, $5 million per year, 2019-39
Tennessee Titans, Nissan, $5 million per year, 2015-34
Jacksonville Jaguars, EverBank Field, $4.3 million per year, 2014-24
Tampa Bay Buccaneers, Raymond James Financial, $3.2 million per year, 2016-27
Pittsburgh Steelers, Heinz, $2.85 million per year, 2001-21
Detroit Lions, Ford, $2 million per year, 2002-26
Kansas City Chiefs, GEHA, not reported
Cincinnati Bengals, Green Bay Packers, Chicago Bears: none"

Steelers Get $150M in Acrisure Stadium Rights Deal, 11th-Most in NFL

The naming rights deal for the Pittsburgh Steelers home, Acrisure Stadium for 2022 is worth more than $150 million over 15 years.

steelersnow.com

Good topic for discussion, except you're citing the wrong data. The most lucrative naming rights deal for a college stadium is $4.7mm p.a. that United Airlines is paying USC for the Coliseum. Alaska Air is paying UDub $4.1mm for the naming rights to Husky Stadium. After that the amounts drop to half.

What could PSU command? Hard to say. The USC and UDub deals were struck a while ago, but those venues are in large urban areas. Recent deals are smaller, but there are no apple-to-apples comparisons.

Here again, does PSU need to build a brand, spanking new stadium to sell naming rights?-

 

[CF Lion]

Is the 5 year capital plan available to view anywhere?

 

[PSUJam]

Here again, does PSU need to build a brand, spanking new stadium to sell naming rights?-

No. And the money made from naming rights can possibly be used as seed money for grants for the upgrades.

 

[GrimReaper]

No. And the money made from naming rights can possibly be used as seed money for grants for the upgrades.

Exactly. So why isn't PSU doing it now? Isn't revenue maximization an objective?

Nobody turns away cash, but it's not justification for expenditure.

 

[PSUFTG]

Exactly. So why isn't PSU doing it now? Isn't revenue maximization an objective?

Nobody turns away cash, but it's not justification for expenditure.

Bingo.

As reasonable people generally are aware, preferred expenditures (in just about any venue - from governments to businesses) are often "justified" by citing increased revenues that are completely independent of the expenditure involved, cost savings that could have been realized at any time - and citing benefits that could have been achieved regardless of the status of the project.
Those types of things that tend to be ballyhooed in press releases - and rarely are rationally critiqued.

C'est la vie.

 

[PSUJam]

Exactly. So why isn't PSU doing it now?

Because they are afraid of the blowback that it would cause with the old school folks that want no changes for sentimental reasons?

 

[PSUJam]

Here again, does PSU need to build a brand, spanking new stadium to sell naming rights?

PSU needs upgrades for a possible home playoff game in the not so distant future.

 

[PSUFTG]

Because they are afraid of the blowback that it would cause with the old school folks that want no changes for sentimental reasons?

Is that why Michigan, Ohio State, Alabama, LSU, Georgia, Tennessee, Wisconsin, Michigan State etc etc etc don't do it?
Who knew?

(FWIW: If there was a giant pot of gold at the end of that rainbow, I would be the first one to back "naming" the stadium something other than, or in addition to, "Beaver Stadium")

 

[GrimReaper]

PSU needs upgrades for a possible home playoff game in the not so distant future.

Thought that "winterizing" was included in the $7Omm first installment.

Those playoff games won't be the financial windfall many might think.

 

[PSUJam]

Is that why Michigan, Ohio State, Alabama, LSU, Georgia, Tennessee, Wisconsin, Michigan State etc etc etc don't do it?
Who knew?

As I posted above, it's professional football now so it should be treated as such. I know I'm in the minority but the longer it takes to realize this the longer it's going to be to keep up. Get ahead of the schools named above. Be a leader not a follower.

 

[GrimReaper]

As I posted above, it's professional football now so it should be treated as such.

Maybe some schools don't think they need that additional mil and change to have their football venue called something like "SHI Stadium."

 

[PSUFTG]

PSU needs upgrades for a possible home playoff game in the not so distant future.

Actually, they don't (not to that degree, and not for that reason), but that won't stop the hysteria train. Because? "Playoffs"