This is kind of ridiculous. Is this not the point of a savings account? It does not matter if youre a big university athletic department, a large corporation, a mom & pop shop, a retired couple, middle aged family, or a kid starting out right out after graduation. You set aside money to use in the event life changes and you need it. Life for Iowa State Athletics changed, they need it. Let's be thankful they have it and it buys them time to figure it out. It's unfortunate they had to burn it, but hopefully the savings account serves it's ultimate purpose.
CR Gazette: ISU AD facing potential $147M deficit by 2031 with direct to player payments
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They don't need it this year or next year. They need to start building towards it now. And obviously, this was leaked to the press to try to sway state lawmakers into doing something.
I wonder if the insurance was reduced with a reduced pedestrian crossing risk, as well.
Just submitted my application to the AD for a Cheddar Production Specialist. We’re in good hands.
People tailgated there for years (decades?) before, and probably at a higher density. RV tailgating was also a thing though obviously not with the amenities they enjoy now. No argument that the RV park has unlocked some additional revenue via higher donation requirements, but none of those changes/improvements required a bridge to be built. They could have crossed University Blvd just as us regular schmucks did for years.
I asked AI but it just used CF George Strait thread as it's source. So apparently made $15 mil according to us.
Your last paragraph makes me sad.
I'd be ok with booze at games and corporate logos on uniforms. We've been giving Nike or whoever free advertising for the cost of forms for years.
I agree with your statement but personally I'd roll into the greater Unversity. Stanfotd,Cornell etc... aren't popular because of Athletics ( well Stanford is some)
Jamie is trying to make game experience as pleasant as possible for fans in general, and especially those who are inclined to donate. Requiring fans to sprint across University Blvd and dodge cars going 40+ mph is not wise from a marketing or legal liability perspective.
Better get Mega Millions instead, you can enter losing tickets to win suite tickets to JTS!
Though the Powerball jackpot is currently higher..
Nothing was leaked. It's in the budget report to the board of regents which is a public record.
“The most significant savings have resulted from reducing travel costs for Olympic sports,” athletics officials reported. Thinking about other schools, if Cal and Stanford didn't have a hefty endowment to fall back on, they would be in big trouble: tons of Olympic sports, travel from one coast to another, limited media revenue for another 6 years, and paying players.
JP likely told the RVers he was going to have to move them to make room for CyTown, and some donor/s said fine…. but build me a bridge then and I’ll pay for it.
JP would have been an idiot to turn that down. The bridge has NOTHING to do with our financial situation!
It’s a pro sport now.
I used to care about ISU football more than the Packers…. but now find myself caring more about the Packers.
My Iowa fan coworker expressed “concern” over this today. I was asked if Cytown was not going to happen.
I pointed out that Iowa has actual athletic debt which Iowa State does not. And the Hilton renovations have been off the table since 2020.
I pointed out that Iowa has actual athletic debt which Iowa State does not. And the Hilton renovations have been off the table since 2020.
Which wasn't exactly safe. Between the amount of traffic, people, and alcohol I'm honestly surprised there weren't more incidents.
A privately funded ped bridge that's a hell of a lot safer isn't really anything to get worked up about.
And it will be happening across the nation. Some athletic departments will have less difficult decisions because of financial resources but there are going to be a lot of sports going away. Especially on the men's side.
