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re: Bill introduced in Alabama Legislature to restructure UA BoT
Posted on 3/20/15 at 2:14 pm to BowlJackson
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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Posted on 3/20/15 at 2:34 pm to StopRobot
What does the University of Alabama BOT have to do with the SEC? 
For the better part of 20 years I don't think UAB had enough alumni in existence to fill Legion Field. According to their alumni society's website UAB only now has 118,000 living alumni spread across the world. UABs most successful alumni are the type of who people who are more likely to help pay for a stadium so they can have a suite than they are to go to Legion Field for a game. And by the way, yes UAB had buyers for every suite planned for their stadium
For the better part of 20 years I don't think UAB had enough alumni in existence to fill Legion Field. According to their alumni society's website UAB only now has 118,000 living alumni spread across the world. UABs most successful alumni are the type of who people who are more likely to help pay for a stadium so they can have a suite than they are to go to Legion Field for a game. And by the way, yes UAB had buyers for every suite planned for their stadium
Posted on 3/20/15 at 2:34 pm to StopRobot
quote:How much money did the City of Birmingham pledge to that stadium? UAB is the larget asset the City of Birmingham has - they should have ponied up the lion's share of that staduim - kick in some cash for facility upgrades and they should've backed the marketing of the Blazer football program.
StopRobot
UAB alumni, students, faculty/staff, Blazer football fans, and more importantly the City of B'ham were apathetic to the football program for too damn long.
I suppose the City is still broke?
2011 Bankruptcy filing Jefferson County filed for bankruptcy on November 9, 2011. Valued at $4.2 billion, with debts of $3.14 billion relating to sewer work, this was at the time the most expensive municipal bankruptcy ever in the U.S., surpassed only by the Detroit bankruptcy filed in 2013.
This post was edited on 3/20/15 at 2:37 pm
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