True. They are marketing that to the athletes to get some of that $21 million payroll back. So... let's call it New athlete dorms, lol
Cytown Update
- Thread starter norsemen
- Start date
Time will tell. The whole allowing multiple partners to take one on to split costs could help. But if the economy were to take a hit anytime down the road around the time of completion... companies taking a hit in the stock market will delete that cost real quick.
I guess I see a few types of people/businesses that will be in the market for the apartments.
The Corporate types that will get one as a write off, using it as a perk for employees and customers, giving it as a perk for a weekend etc, like some do with suites and tickets etc now. Or to use it as a tailgate type HQ for private parties etc for customers and employees.
The High roller that has disposable money and wants a party pad for weekends.
And also the short term rental business. That intends on renting it out AirBnB style. Which the other types could do this as well in times they are not using it as well, to offset the cost of it.
I have no idea what one could expect to earn from one of these on a short term rental market. Can someone pay for them and make a profit? I am sure they would be an expensive rent on event weekends, and as more and more events happen in the area, the income will increase. My guess would is that $3K would be an average price for a weekend stay during events, add in non event times and weekdays I would think it is possible to earn a profit. But that is just a total guess.
The Corporate types that will get one as a write off, using it as a perk for employees and customers, giving it as a perk for a weekend etc, like some do with suites and tickets etc now. Or to use it as a tailgate type HQ for private parties etc for customers and employees.
The High roller that has disposable money and wants a party pad for weekends.
And also the short term rental business. That intends on renting it out AirBnB style. Which the other types could do this as well in times they are not using it as well, to offset the cost of it.
I have no idea what one could expect to earn from one of these on a short term rental market. Can someone pay for them and make a profit? I am sure they would be an expensive rent on event weekends, and as more and more events happen in the area, the income will increase. My guess would is that $3K would be an average price for a weekend stay during events, add in non event times and weekdays I would think it is possible to earn a profit. But that is just a total guess.
This is literally Jamie's bread and butter. I trust he did all his homework and the numbers work out.
I don’t think many would take on that 10 year commitment assuming you are talking about current athletes. Maybe a select few formers like Purdy/Haliburton/Niang/Montgomery/Hall/Lazard. But that’s a real maybe.
I doubt they'll allow these to be used as short term rentals, at least in the free for all AirBnB format. They're essentially just a perk for the highest level donors.
Jamies expertise is commercial real estate and housing?
The article above says that there are already 21 commitments.
That is true too. Just thought it was a possible use of them, if allowed.
That's the killer.
It would be an interesting scenario if you purchase the condo. Rent and hold until retirement. That could be kinda cool to be right in the heart of everything
But I am one of the Free Board Poors
Today, Iowa State will be seeking approval from the Board of Regents for the individual building site plans in CyTown. A lot of details are provided about building layouts and areas, but there is no new information about specific tenants.
Story:
iowacapitaldispatch.com
Presentation with specific building plans:
BOR Agenda Item:
Story:
Iowa State University to bring updated CyTown plans to Iowa Board of Regents • Iowa Capital Dispatch
Iowa State University will seek approval from the Iowa Board of Regents Wednesday of its building plans for the CyTown development.
iowacapitaldispatch.com
Presentation with specific building plans:
BOR Agenda Item:
The alumni walk looks neat. The Cylo amphitheater looks a lot more substantial than previously shown. Was hoping for a bit more of a statement building for the food and beverage anchor building (building B) next to JTS but everything looks nice.
I didn't see specific slides on the hotel, looks like it's still in design phase.
I didn't see specific slides on the hotel, looks like it's still in design phase.
Do you think the "talent room" in the Cylo building will have a black leather couch?Today, Iowa State will be seeking approval from the Board of Regents for the individual building site plans in CyTown. A lot of details are provided about building layouts and areas, but there is no new information about specific tenants.
Story:
Iowa State University to bring updated CyTown plans to Iowa Board of Regents • Iowa Capital Dispatch
Iowa State University will seek approval from the Iowa Board of Regents Wednesday of its building plans for the CyTown development.
Presentation with specific building plans:
BOR Agenda Item:
Nah, they are bringing the couches from The Lost and Found Lounge out of retirement.
