What does that have to do with KSU?
That was out of a thread where BigJkutard was talking about K-State not having floated the bonds yet for its facilities improvements . . . he doesn't know if that's happened or not, they may have had a private bond sale, I am not sure either. I suspect BigJkutard doesn't even know the agency in the state that typically handles those bond sales.
But again, the basic theme is that BigJkutard Jr. is over here taking cues from BigJkutard on phogtard.net . . . when at this juncture nobody knows exactly what the financial situation is at K-State, except for a few people. But again, no budget cuts, no layoffs, no ticket price increases and faculty staff still gets discount tickets.
FWIW I don't generally lurk here. I had to re-register today because I was curious about the reaction to the Krause thing. Frankly I think you guys have a great sense of humor about most of the crap your administrators have put you through. Before today it had been some number of months since I had visited.
For the record I know who issues bonds for the Universities and municipalities in this state and I also know damn well who rates them. It is public information you can get very simply at Moody's who gives a bond rating when they are put up for sale. If you have a paid, company account you can get more information but the rating and what is rated for each institution and each bond is right there for you for free.
I don't really want to start up a whole argument. Though it is kind of silly to say the kuAC is going broke because they won't pickup an obligation of the University to its employees. They have no reason to, they have wanted to do away with the faculty tickets forever anyway because too many were getting resold on ebay.
Once again I think you still don't understand debt. You see debt and you assume bad things. The fact that the debt was sold with the rating it had for the rate it did tells a bunch of the story. Debt, if you can service it, is not an unhealthy thing. kuAC can clearly service its debt obligations at the moment, that is why they were able to sell them quickly.
Really the arguments about numbers are all academic and speculative anyway. The real proof is in the shovels in the grounds and concrete being poured. ku is doing that. KSU isn't and there are more than a few reports out there that say KSU is pretty much stalled on its current round of facility upgrades. I am not the one putting that story out there. Talk to your friend J-Mart.
"After Wednesday, that can't be the case -- especially with progress on a $70 million expansion of athletic facilities stalled. Under Weiser, there was a multimillion-dollar reserve and a yearly budget in the black. According to sources, the reserve is exhausted and the budget is in the red."
We can fight numbers all we want. But the best you can come up with is the fact that kuAC won't pickup an unexpected bill for tickets it does not want to sell to faculty to begin with. Meanwhile you guys have a stalled facilities project, by many reports you have an AD budget in the red, you are playing 2 FCS teams in one year and are playing a road game at a Sun Belt team's stadium.
I don't for one second think ku has a rich AD. ku does have a stable and well run AD which is something KSU has not had for quite a while. ku has a stable source of income in the basketball program while KSU does not have a stable source of income at the moment. These are big differences and they are the reasons ku is putting up buildings while KSU is still sitting with drawings and undefined time lines for construction.
