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re: Stadium expansion approved by BOT
Posted on 6/17/16 at 10:40 pm to TheCheshireHog
Posted on 6/17/16 at 10:40 pm to TheCheshireHog
I'm not saying this measure is doing any of that. I understand what it is doing and what it isn't doing. I understand the funding, etc involved
What I don't understand is why every Tom, Dick and Harry razorback fan is excited about this. It largely benefits an elite few suite holders. Hell if anyone benefits, it's Johnny Tyson.
I'm not a wealthy or well connected individual. I will probably never enter those suites. If I had $200m to spend on DWRRS I would spend it elsewhere in the stadium. Unrelated, but if I had $200M to spend at UA I would spend 0 on Athletics. Facilities aren't holding us back, and I'm tired of throwing good money after bad. That's just me
I will however buy regular lower bowl tickets which will increase in cost because of this. Therefore I don't see any benefit from this proposal. I end up subsidizing rich people in loge boxes. No thanks
What I don't understand is why every Tom, Dick and Harry razorback fan is excited about this. It largely benefits an elite few suite holders. Hell if anyone benefits, it's Johnny Tyson.
I'm not a wealthy or well connected individual. I will probably never enter those suites. If I had $200m to spend on DWRRS I would spend it elsewhere in the stadium. Unrelated, but if I had $200M to spend at UA I would spend 0 on Athletics. Facilities aren't holding us back, and I'm tired of throwing good money after bad. That's just me
I will however buy regular lower bowl tickets which will increase in cost because of this. Therefore I don't see any benefit from this proposal. I end up subsidizing rich people in loge boxes. No thanks
1
Posted on 6/17/16 at 11:01 pm to Porker Face
Since IMO this benefits the donor class only, I believe the priorities are wrong. I am for improving the fan experience for Tom from Hot Springs, Dick from Dumas and Harry from Sheridan. And for students (you of a). One of the great things about college football vs NFL and one thing we used to do particularly well is cater to the average fan. I am afraid we are losing that focus
I am also concerned from a business perspective. Spending $200M requires a strong demand and an excellent case made in its favor. I see development plans in NWA all day. 4 story buildings on Emma. Dense row houses in Springdale east of Thompson. More Legacy buildings all over NWA. Crazy subdivisions in Elm Springs. Wild and crazy shite that there is just no demand for. I will admit there may be demand for the suites, etc but I don't see demand for 3000 end zone lower bowl seats. I haven't seen the north EZ > 50% full since September 2010. IMO, the case hasn't been made
Further, current revenues aren't enough to support the debt service of these bonds. They had to include an assumption for additional revenue from the new seats. So what happens if they don't sell like hot cakes? What if we have a few crappy years? What if interest in attending cfb games continues to wane for a 6th straight year in 2016? Who services this debt?
I am also concerned from a business perspective. Spending $200M requires a strong demand and an excellent case made in its favor. I see development plans in NWA all day. 4 story buildings on Emma. Dense row houses in Springdale east of Thompson. More Legacy buildings all over NWA. Crazy subdivisions in Elm Springs. Wild and crazy shite that there is just no demand for. I will admit there may be demand for the suites, etc but I don't see demand for 3000 end zone lower bowl seats. I haven't seen the north EZ > 50% full since September 2010. IMO, the case hasn't been made
Further, current revenues aren't enough to support the debt service of these bonds. They had to include an assumption for additional revenue from the new seats. So what happens if they don't sell like hot cakes? What if we have a few crappy years? What if interest in attending cfb games continues to wane for a 6th straight year in 2016? Who services this debt?
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