Season ticket record broken!
- Thread starter Let's Go State
- Start date
This. 10-1 hasn't even been realistically thought of in this program. I would definitely be foaming at the mouth. If we win...the foam would be coming from other places.
If we are 10-1 going into that game, I am very confident that it would be next to impossible to find a ticket for the WVU game, without having to break the bank.
Perhaps I am too pessimistic, but I am not convinced we are really closer to the SEZ then we were 5 years ago. As alluded to in another post, it has not been about demand- the SEZ is not necessarily an expansion. It is about getting that one major donation ($20 million?).
It's about demand and a lead donor at the same time.
The more tickets we sell, the more a lead donor will be influenced to decide to donate. And increasing capacity by 5,000 or so makes the project look a lot more attractive to the general public IMO.
And I'm starting to think that if we actually do get a lead donor, this is going to be a more expensive project than anticipated. If we spent 23 million on a practice facility and 5 million on a scoreboard in the same year, I think we are willing to spend that much on a stadium improvement. Especially after this new TV contract is finalized.
JP addressed this at meet the coaches tonight. Says it will happen, no time table. And it's not really about demand, so we can quit having the argument about demand. Paraphrasing JP, it has a lot to do with servicing of debt. Currently we are servicing debt at a cost of ~5.1 million/year. SEZ would a little more than double that number if I recall correctly. I also believe he said that when he took over the debt cost was roughly $1 million. JP also mentioned, he thinks all the other things they have done, scoreboard (Jack Trice, Hilton), new facilities (softball, soccer, football, Sukup-bball), etc have given more value. But again, the key factor is debt load so in JP's words it will get done but the timing has to be right.
I remember someone pointing out that as far as debt goes, now is a great time rate-wise to be taking out new debt.
We have more debt service\year, but we've also increased the budget tremendously. I'm sure someone like JP knows far more about what's within our means though than I do.
I see it as a great sign that its being mentioned though. It wasn't long ago that this was something JP said 'is far down the list of priorities'.
We have more debt service\year, but we've also increased the budget tremendously. I'm sure someone like JP knows far more about what's within our means though than I do.
I see it as a great sign that its being mentioned though. It wasn't long ago that this was something JP said 'is far down the list of priorities'.
Interesting. I doubt that debt goes down in the next couple years, will it? What are the facilities we are paying for right now?
23 million football facility
5 million scoreboard
??? Improvements to JTS concourses
??? track facility
There has been excess demand for actual seats for years now. This is not an investment (from the donor's perspective), it is a donation- the lead donor is not going to be influences due to slightly better business (as measure by season tickets).
Do not get me wrong, slowly increasing the ownership base leading to more money for the AD, then ultimately wins, is important. But that in itself, will get us a SEZ in 10-15 years, not the next few.
Last edited:
Seems about right. And the track facility was around $11 million right? Have we paid off the concourses yet? How much was that?
For people worried about debt, don't worry, its ok. Our nation is $15 trillion in debt and still spending billions every day.
We'll be fine!
Ok enough of that, lets keep this outta the cave. Sorry mods.
We'll be fine!
Ok enough of that, lets keep this outta the cave. Sorry mods.
Last edited:
