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OM to borrow nearly $80m for new Arena and Parking garage
Posted on 10/17/13 at 1:08 pm
Posted on 10/17/13 at 1:08 pm
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quote:
JACKSON, Miss. (AP) - The Ole Miss Athletic Foundation plans to borrow almost $80 million to build a parking garage and basketball arena that could cost up to $100 million.
The College Board approved plans Thursday for the University of Mississippi to lease 8.3 acres on the west side of Vaught-Hemingway Stadium to the foundation.
The parking garage, costing up to $15 million, would be finished before class begins in fall 2014. The arena, which would cost up to $85 million would be done by January 2016.
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Posted on 10/17/13 at 1:11 pm to UMRealist
80 million isn't too bad... We'll have that note payed back in full within a decade.
Posted on 10/17/13 at 1:14 pm to UMRealist
This post was edited on 10/17/13 at 1:16 pm
Posted on 10/17/13 at 1:58 pm to UMRealist
Ugh.
I know we need a new basketball arena.
I just really hope it pays off enough in recruiting to make us consistent winners because that's A LOT of money to blow on a traditionally not-great-or-even-good program.
I know we need a new basketball arena.
I just really hope it pays off enough in recruiting to make us consistent winners because that's A LOT of money to blow on a traditionally not-great-or-even-good program.
Posted on 10/17/13 at 1:59 pm to UMRealist
Does this mean sooner rather than later in regards to starting construction?
Posted on 10/17/13 at 7:54 pm to UMRealist
quote:
OM to borrow nearly $80m for new Arena and Parking garage
SEC Network money borrowing?
Needs to be done. Just build it so it can eventually hold 16K or so.
Posted on 10/17/13 at 9:19 pm to Wanderin Reb
quote:
I just really hope it pays off enough in recruiting to make us consistent winners because that's A LOT of money to blow on a traditionally not-great-or-even-good program.
Yeah you just don't get one without the other. You aren't going to develop a consistent winner in basketball taking the recruits to that piece of junk 30+ year old Tad Pad. I'm excited about it.
Posted on 10/17/13 at 9:47 pm to Doresrules
30+ ha it is 47 years old.
Posted on 10/17/13 at 10:20 pm to Ole Colonel 27
quote:
30+ ha it is 47 years old.
LMBO!!! I had no idea, I was thinking it was built in the 80's
Posted on 10/18/13 at 12:53 am to Doresrules
60s i believe
Posted on 10/18/13 at 12:57 am to UMRealist
Didn't we just raise $100 million for this?
Where is that money going?
Where is that money going?
Posted on 10/18/13 at 6:13 am to UMRealist
Tad Pad = 1966
47 years old
47 years old
Posted on 10/18/13 at 9:50 am to matthew25
quote:
Didn't we just raise $100 million for this?
Where is that money going?
Football.
Posted on 10/18/13 at 9:58 am to pankReb
Will the football expansion get started after we are done with the basketball stadium
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