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re: Redass picture for Aggie pull out day
Posted on 2/14/19 at 11:10 pm to Old Sarge
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.
3
Posted on 2/14/19 at 11:27 pm to Smart Post
quote:
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.
And?
RKKKR to be upgraded via bonds
Longhorns carrying $300 million in debt, can't get a loan for basketball arena
quote:
For years, the school has financed construction projects via long-term debt. That’s how UT once renovated Royal-Memorial Stadium. The athletic department has at least $14 million in annual debt service payments scheduled through 2044, according to audited figures obtained by the Statesman. With principal and interest payments, Texas athletics is still on the hook for $306.7 million for previous construction.
$14 MILLION A YEAR in debt servicing until we're all octogenarians? Holy buttfrick!!!
Redneck accounting?
Posted on 2/14/19 at 11:29 pm to Smart Post
No one has a collection of boosters with 300 million in liquid assets...
People have money because they invest it for future profits.
A lot of the cash that the CEO of ExxonMobil is worth is stock in ExxonMobil.
He won't put even 5 million worth of stock on the market because it will devalue the stock....
People have money because they invest it for future profits.
A lot of the cash that the CEO of ExxonMobil is worth is stock in ExxonMobil.
He won't put even 5 million worth of stock on the market because it will devalue the stock....
Posted on 2/15/19 at 7:48 am to Smart Post
You continue to show how stupid you are, the capital campaign was already fully funded two years ago, all commitment pledges and donations, more than enough to cover the bonds has already been captured. The stadium is paid for. It is not our fault that you our poor little brother horn is broke
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