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Posted on 2/14/19 at 8:02 pm to Old Sarge
What I said will be proven.
If aggy doesn't win on a BIG level the money doesn't come and especially if Texas wins you will see aggy tightened the purse strings.
If aggy doesn't win on a BIG level the money doesn't come and especially if Texas wins you will see aggy tightened the purse strings.
This post was edited on 2/14/19 at 8:11 pm
Posted on 2/14/19 at 11:10 pm to Old Sarge
quote:
Our stadium is already paid for
You keep saying this. If you mean the contractors are already paid off by the proceeds of the bond issue and a fraction of the private fundraising, then I suppose you are correct.
But those 30-year bonds (more than $300 million worth) must be paid back.
Do you have the total wad of cash in a bank account to pay those bonds? No.
Do you have pledges from private donors over several years to pay off those bonds? Yes.
Do you have hotel tax revenue over the next 20 years to help pay those bonds? Yes.
Do you have student fees over 20 years to help repay those bonds? Yes.
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