Started By
Message
re: Redass picture for Aggie pull out day
Posted on 2/14/19 at 11:27 pm to Smart Post
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?
3
Posted on 2/14/19 at 11:40 pm to KaiserSoze99
You sound jealous that no one wants to build an arena in College Station.
It actually is a brilliant idea because UT has the land.
The University of Texas has desired property.
You aren't even good at what you do...
Every university would jump at the deal given to Texas....
even we are swimming in money aggy
It actually is a brilliant idea because UT has the land.
The University of Texas has desired property.
You aren't even good at what you do...
Every university would jump at the deal given to Texas....
even we are swimming in money aggy
Posted on 2/14/19 at 11:51 pm to KaiserSoze99
quote:
$14 MILLION A YEAR in debt servicing
What's that? About 7 percent of annual revenues dedicated to retiring debt?
So? The federal government is 33 percent.
And for UT Austin, not one penny of that debt will be paid off by a TAX or a student fee (unlike aggy). Your basketball arena was paid for almost entirely from forced student fees.
In short, frick you, aggy.
Posted on 2/15/19 at 2:21 pm to KaiserSoze99
quote:
Holy buttfrick!!!
Just can’t get away from it can you.
Page 1 of 1
Popular
Back to top
Follow SECRant for SEC Football News