BSFS Expansion Thread

[Blackcats]

Jayhox
Asst. Coach
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Re: Meanwhile, down on the farm ...
4:55 PM
(2 votes)


DrJamesANaismith wrote: An AD can campaign for stadium improvements? Who knew?
facepalm.gif  One of these days you will figure it out.

K-State has to "campaign" to raise $15 million for that phase.  We have guys that can pull that out of their couch cushions.  They are indebted for the previous phases.  They will probably borrow for a portion of this, too.

We are working on the major portion coming from private (and corporate) big donors before going public for additional donations in an effort to keep overall debt down in relative terms.  If we went public in the last few years, like you wish we would have, we would look stupid right now based on the status of the fans' interest right now.

K-State has leveraged the farm, literally, on Snyder not dying in the next couple of years hoping like hell they don't end up in the Mountain West after the next round of realignment.  Their stadium improvements won't do a damned thing in that regards.

We will be doing things differently.  But timing is everything.  Someday you will get that.

Jayhoax just never fails to get it wrong.   

I've covered this numerous times, but any smart person who knows where to look can see how much debt K-State took on in order to do the stadium improvements.   It was $53 million dollars in bonds specifically for the West Stadium Center.    When the final phase for the West Stadium Center was completed and all the bills were added up, it cost $89.9 million dollars.    That means $36 million was paid for with private giving. 

For Phase III, K-State has had about $60 million dollars in private gifts to date.   So between Phase II and Phase III that's nearly $100 million in private giving for football facilities.   I won't even discuss the millions more that paid for other projects at the same time. 

Currie is being conservative on the $195 million.   If you look at everything that's been done on his watch it's over $200 million dollars in four years of which $120 million was paid for straight out of pocket.   

If KU has so much money, why did they have to borrow over $70 million dollars the last time they did a bunch of stuff?    If they've got guys with $15 million bucks hanging out in their seat cushions, why did KU have to borrow millions to complete a $30 million dollar football project?  $30 million dollars gets you about 1/3 of Phase III at K-State and they had take out loans and sell bonds to finance part of it? 

Why does it take timing if there's so many boosters that have millions just burning holes in their pocket?   They have such little faith in KU they need everything to be perfect?    Thank the flying spaghetti monster people like the Vanier's and others didn't think that way when Snyder first got to K-State.

KU couldn't afford a track. A rough ridin' track. How rough ridin' dilusional is this moron?

[sonofdaxjones]

Hey guys, $175 million dollars worth of football facilities of which only $53 million is serviced by debt and because K-State is having a public campaign to raise $9 million.  We're scrapping the bottom of the barrel. 

[GoodForAnother]

having spent a lot of time in baylor's new stadium, i can assure you that our $195m was far better spent and our stadium complex is much nicer than their dump.  theirs appears nice from a distance but it was done on the very cheap and just is a shitty place to watch a football game.

of course, baylor fans are rough ridin' idiots and they were given much more than they deserve.

"cheap" things I noticed in the baylor stadia:

- brick tarp (we all know about this one, but still)
- manual flushing toilets I mean what
- the concessions stands didn't take a credit card
- no stands in the endzone toward the river, just a big video board (very ku/high schooly)
- fans are dumb/white trash

but!  they have an amazing tailgating area where you get a 10x20 spot to tailgate and it comes with electric and cable tv hookups (awesome!) and it only costs $400/season 

[wetwillie]

When I think kstate athletics I think massive debt,negative cash flow and lack of big money donors.

[mocat]

"cheap" things I noticed in the baylor stadia:

- the concessions stands didn't take a credit card

Wtf

[eastcat]

White trash at Baylor? I would have guessed that to be more of an aTm thing.

[GoodForAnother]

maybe just the one guy.  we sat in front of the worst fan I've ever encountered at a sporting event, he was really something special.

[K-S-U-Wildcats!]

I've been to Baylor a few times. They don't have a WT fan base. That doesn't even make sense. Tuition often exceeds $30k per year. They have a dork fan base. I've never seen so many green t-shirts tucked into blue jeans in my life. Just extremely dorky.

[wetwillie]

Welcome back KSU!

[eastcat]

I've been to Baylor a few times. They don't have a WT fan base. That doesn't even make sense. Tuition often exceeds $30k per year. They have a dork fan base. I've never seen so many green t-shirts tucked into blue jeans in my life. Just extremely dorky.

GFA has street cred, I'm taking his word for it.

[POWL]

 

[Belvis Noland]

Upon further review of the McClane v. BSFS comparison - we have twice as many suites, loges, and club seats.  That really surprised me. 

[Gooch]

Where are the Army guys going to put their cannons for Riley Rat day?

[Mikeyis4dcats]

i like how the section all the way on the left has like a million people in it and then there is an aisle and then right before the new stuff, there is a section of like three people to a row.

The 3 people to a row is part of the new section.    See the joint on the front panel of the wall?

[K-S-U-Wildcats!]

Where are the Army guys going to put their cannons for Riley Rat day?

They should obviously have them poking out of those sweet crenelations atop the ramparts of our new castle!

[Bqqkie Pimp]

i like how the section all the way on the left has like a million people in it and then there is an aisle and then right before the new stuff, there is a section of like three people to a row.

The 3 people to a row is part of the new section.    See the joint on the front panel of the wall?

Looks pretty big to be a joint... Maybe a blunt, perhaps?

 

[sonofdaxjones]

The thing I really appreciate now that Phogistan is back in validation mode about facilities.  Is the inability to acknowledge that outside of a few piece meal projects, some small reconfigurations and the occasional new coat of paint.  AFH went pretty much untouched for 50 years.   That's why it's hard to give them any real credit for any work done there. 

The $30 million they spent on the football stadium in the 90's was predominately to prevent the place from crumbling to the ground.   The talked for years about a new track. 

Again it just seems strange that everything takes so long and the projects are so relatively small on top of the fact they didn't even pay for Rock Chalk Park.   For a place that supposedly has so many bazzillionaires with millions to give.

[CatsNShocks]

K-State has to "campaign" to raise $15 million for that phase.  We have guys that can pull that out of their couch cushions.

Love this talking point. 

[meow meow]

K-State has to "campaign" to raise $15 million for that phase.  We have guys that can pull that out of their couch cushions.

Love this talking point. 

that couch would be really uncomfortable to sit on, unless it's like one single $15,000,000 bill

[DOD Take 2]

I've been to Baylor a few times. They don't have a WT fan base. That doesn't even make sense. Tuition often exceeds $30k per year. They have a dork fan base. I've never seen so many green t-shirts tucked into blue jeans in my life. Just extremely dorky.

GFA has street cred, I'm taking his word for it.

They definitely have a largely white trash fan base. Most of the fans at their games aren't alumni, they are locals from the crap town of Waco. The town is comprised of mostly white trash

[ednksu]

Where are the Army guys going to put their cannons for Riley Rat day?

this is a valid question. 

also we haven't had a bitching flyover in yeeeeeaaaaaaarrrssss

[mocat]

Jayhox
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Rating: 3.2/5 this site
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Re: Meanwhile, down on the farm ...
4:55 PM
(2 votes)


DrJamesANaismith wrote: An AD can campaign for stadium improvements? Who knew?
facepalm.gif  One of these days you will figure it out.

K-State has to "campaign" to raise $15 million for that phase.  We have guys that can pull that out of their couch cushions.  They are indebted for the previous phases.  They will probably borrow for a portion of this, too.

We are working on the major portion coming from private (and corporate) big donors before going public for additional donations in an effort to keep overall debt down in relative terms.  If we went public in the last few years, like you wish we would have, we would look stupid right now based on the status of the fans' interest right now.

K-State has leveraged the farm, literally, on Snyder not dying in the next couple of years hoping like hell they don't end up in the Mountain West after the next round of realignment.  Their stadium improvements won't do a damned thing in that regards.

We will be doing things differently.  But timing is everything.  Someday you will get that.

Jayhoax just never fails to get it wrong.   

I've covered this numerous times, but any smart person who knows where to look can see how much debt K-State took on in order to do the stadium improvements.   It was $53 million dollars in bonds specifically for the West Stadium Center.    When the final phase for the West Stadium Center was completed and all the bills were added up, it cost $89.9 million dollars.    That means $36 million was paid for with private giving. 

For Phase III, K-State has had about $60 million dollars in private gifts to date.   So between Phase II and Phase III that's nearly $100 million in private giving for football facilities.   I won't even discuss the millions more that paid for other projects at the same time. 

Currie is being conservative on the $195 million.   If you look at everything that's been done on his watch it's over $200 million dollars in four years of which $120 million was paid for straight out of pocket.   

If KU has so much money, why did they have to borrow over $70 million dollars the last time they did a bunch of stuff?    If they've got guys with $15 million bucks hanging out in their seat cushions, why did KU have to borrow millions to complete a $30 million dollar football project?  $30 million dollars gets you about 1/3 of Phase III at K-State and they had take out loans and sell bonds to finance part of it? 

Why does it take timing if there's so many boosters that have millions just burning holes in their pocket?   They have such little faith in KU they need everything to be perfect?    Thank the flying spaghetti monster people like the Vanier's and others didn't think that way when Snyder first got to K-State.

YES 

[ArchE_Cat]

The thing I really appreciate now that Phogistan is back in validation mode about facilities.  Is the inability to acknowledge that outside of a few piece meal projects, some small reconfigurations and the occasional new coat of paint.  AFH went pretty much untouched for 50 years.   That's why it's hard to give them any real credit for any work done there. 

The $30 million they spent on the football stadium in the 90's was predominately to prevent the place from crumbling to the ground.   The talked for years about a new track. 

Again it just seems strange that everything takes so long and the projects are so relatively small on top of the fact they didn't even pay for Rock Chalk Park.   For a place that supposedly has so many bazzillionaires with millions to give.

Rock Chalk park was done on the cheap as well. I got to see the full design evolution from initial conceptual design, to KU can't afford it so can the idea, to "we will pay for it since you can't," to new conceptual design, to actual final design.  Everything was done as cheap as possible, but at least the have a dedicated facility on the opposite side of town from campus.

[porky morgan]

I was just there over the weekend. For the townies as a 'rec center' it's pretty nice. As an athletic department facility it is not impressive. Funny thing, the concrete floors already have spider web looking cracks are are crumbing here and there. 

[GoodForAnother]

man they are really holding onto the idea that the Anderson complex is really nice. I supposed that's all you can do in their situation.