I was trying to be nice.

I actually implied that we will also see a false boost on both sides of the ledger. It's accounting games. When Blue Bell gives us $30m for a new baseball park, that money is amortized as a donation. Correspondingly we get debt service payment on the other side of the ledger. That was entirely my point. Your revenue numbers are grossly overstated because this is exactly what you did to expand DKR. And it's exactly what we're going to do when we expand Kyle.

The hotel tax is ridiculously small and a total non-issue. The city wasn't gouged in the least. It's being paid over 30 years and is less than 1mm per year. They would easily get that from more hotels that are already in the works without even increasing rates but the city of CS is using this as an excuse to collect more revenue.

1 ...

Report Post

Posted by texashorn

Member since May 2008

13122 posts

Posted on 5/8/13 at 1:51 am to tmc94

Didn't mean to be nasty, but I just find it odd that a school bragging to be rolling in the dough has to take a $16 million loan from the university side to keep the bills paid, and took $5.2 million in 2012 and several million in 07-08-09 (from "school funds"), and threatened to play in Houston unless it got a hotel tax to help pay for the expansion/renovation, no matter how piddly.

That's all I'm saying, sir :)

I know that UT's ledger shows monies coming from "student fees" (but none from "school funds" over the period shown), but I think that's for recreational sports improvements, which also benefit intercollegiate athletics (the UT women's volleyball team plays in the recreational sports complex, for instance).

I also would expect the monies spent on renovations at Texas to be winding down to the point to where it might not even be an issue -- that's been 15 years ago. I know that notes can be for longer terms than that, so I don't know that for sure.

You also mention that seat donations went way up when DKR-Texas Memorial Stadium was expanded/renovated in the late 90's... I don't think anyone's donations were upped forcibly to pay for it. Mine certainly weren't. That's my point -- A&M sets the minimum donations necessary every year. At UT, if you give $1,000/seat for 40-yard line seats, you can keep that same seat in perpetuity for $1,000. Not so at A&M.

This post was edited on 5/8/13 at 1:53 am

2 ...

Report Post

SEC Rant - Replies to Post

Return To Board

Page 1

Return To Board