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re: Bill introduced in Alabama Legislature to restructure UA BoT
Posted on 3/20/15 at 1:54 pm to StopRobot
Posted on 3/20/15 at 1:54 pm to StopRobot
Borrow money that was already pledged by private donors. Not sure if you guys understand how this works or not but you can't just drop off a check on the coaches desk and say build me a stadium. This kind of stuff has to be approved, and UAB never had a chance because the BOT wouldn't even listen to them.
UAB has a very wealthy alumni base, so not sure why you doubt they could get money. Remember how young of a school UAB is. They have very wealthy alumni, but the base is still small. The oldest UAB alumni have barely reached retirement age. 20 years ago when the football program started they had even fewer alumni and they were all still working. As time goes on and they produce more alumni, many of whom are very successful, the support will only grow.
Not to mention UAB also has the support of some very powerful business people around birmingham that wanted to help back the stadium, who have no connection to UAB other than wanting what's best for the city.
UAB has a very wealthy alumni base, so not sure why you doubt they could get money. Remember how young of a school UAB is. They have very wealthy alumni, but the base is still small. The oldest UAB alumni have barely reached retirement age. 20 years ago when the football program started they had even fewer alumni and they were all still working. As time goes on and they produce more alumni, many of whom are very successful, the support will only grow.
Not to mention UAB also has the support of some very powerful business people around birmingham that wanted to help back the stadium, who have no connection to UAB other than wanting what's best for the city.
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Posted on 3/20/15 at 2:14 pm to BowlJackson
quote:
Borrow money that was already pledged by private donors. Not sure if you guys understand how this works or not but you can't just drop off a check on the coaches desk and say build me a stadium. This kind of stuff has to be approved, and UAB never had a chance because the BOT wouldn't even listen to them.
Sir you really need to get your facts correct if you are going to discuss this. The UA system was going to issue a $75 million dollar bond to pay for the stadium. The only pledges, of which there was not a list released mind you, was for luxury boxes which would have covered about $3.5 million of the stadium cost.
quote:
UAB has a very wealthy alumni base, so not sure why you doubt they could get money.
Well first off not sure where you are getting the first part of that statement except out your arse and the why I doubt? Because for 20 years no one went to those games.
This post was edited on 3/20/15 at 2:15 pm
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