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re: Hypothetical: You're the AD, you have to allocate $100M on new projects Today

Posted on 8/7/14 at 9:29 am to
Posted by Loathor
Columbia, SC
Member since Jun 2012
2369 posts
Posted on 8/7/14 at 9:29 am to
I figure we we're already beautifying the area around WBS with the money we're already getting from football, why not spread that extra cash around the AD to build up some of our other programs. I would love to see us compete more nationally in other sports in addition to football/baseball (a la Florida and Stanford).

Only thing I can think of that would help the Football experience is to buy out some of those warehouses in the area and build an entertainment complex where we could put in restaurants, bars, clubs and something for kids as well. One of the big complaints we hear all the time is that the travel to other areas after the game for nightlife is annoying. Wouldn't mind adding another bar scene around the stadium (especially with a lot of students living in that area already...).

I don't know the legality or compliance issues that that would cross though... but maybe buy the property and direct what can go in there could be doable?
Posted by RoyalAir
Detroit
Member since Dec 2012
5896 posts
Posted on 8/7/14 at 10:00 am to
quote:

I don't know the legality or compliance issues that that would cross though... but maybe buy the property and direct what can go in there could be doable?



I think the biggest issue here is allow the zoning laws to be relaxed. That's a city issue. The real estate around the stadium has absolutely skyrocketed over the last decade. The cost for an entrepreneur to buy out one of those warehouses and turn it into a bar is past the point of being able to make a profit for a few years. When I was in school, we tailgated out of a warehouse that they had attempted to turn into a bar before they ran out of money. If it was like that before the team was really any good, I can't imagine how prohibitively expensive it would be for local cats to pull it off now.

And I have no desire to see a Chili's or TGI McWholabie's or some other corporate chain restaurant/bar move into the area. At the economies of scale we're talking about, that may be all that's realistically left.
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