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re: Redass picture for Aggie pull out day
Posted on 2/15/19 at 3:41 pm to Old Sarge
Posted on 2/15/19 at 3:41 pm to Old Sarge
Old Sarge doesn't know his arse from a hole in the ground.
He claims their capital campaign fully "funded" the Kyle Field expansion. This is incorrect.
So only 27 percent of funding can be linked to the five-year capital campaign.
The rest will be ongoing for decades. The debt aggy incurred to rebuild Kyle Field is NOT paid off.
Further, Kaiser claimed the hotel tax would pay aggy debt and actually be a boon for hotels and residents. That is also false because there are other expenses related to expansion that aggy has passed on to local taxpayers.
Aggy is bragging about how rich they are, but their athletics department is actually a huge drain on the taxpayer, necessitating bailouts in the form of sweetheart interest-free loans from the academic side to athletics, which on its face is against Texas state law.
To wit:
City of College Station website
He claims their capital campaign fully "funded" the Kyle Field expansion. This is incorrect.
quote:
According to the Kyle Field Redevelopment website: “The total cost of Kyle Field Redevelopment is $450 million: 51 percent will be funded by annual seat licenses, 27 percent will be funded by Kyle Field Campaign gifts, 17 percent will be funded by Texas A&M students and 5 percent will be funded by the local government agencies.”
So only 27 percent of funding can be linked to the five-year capital campaign.
The rest will be ongoing for decades. The debt aggy incurred to rebuild Kyle Field is NOT paid off.
Further, Kaiser claimed the hotel tax would pay aggy debt and actually be a boon for hotels and residents. That is also false because there are other expenses related to expansion that aggy has passed on to local taxpayers.
Aggy is bragging about how rich they are, but their athletics department is actually a huge drain on the taxpayer, necessitating bailouts in the form of sweetheart interest-free loans from the academic side to athletics, which on its face is against Texas state law.
To wit:
quote:
While five percent is obviously a small portion of the total amount, it does not consider the contribution that the cities of Bryan and College Station and Brazos County will make through increased police and fire protection, as well as through the maintenance of the infrastructure in roads and public works that will be required to accommodate an additional 20,000 fans on game day. Of course, there will be increases in receipt of sales taxes, which will help cover these costs, but it is not possible to increase the road capacities in and around Kyle Field to adequately accommodate these additional numbers. Thus, it will be necessary to utilize mass transit in ways that do not yet exist in College Station. The city of College Station has been doing an ongoing study of how to better manage the traffic on game days, but this can only provide a limited amount of relief and will have further costs involved in the investment of updated equipment.
City of College Station website
This post was edited on 2/15/19 at 3:42 pm
3
Posted on 2/15/19 at 3:45 pm to Smart Post
Posted on 2/15/19 at 4:05 pm to Smart Post
If I may add another thought...
Steve Patterson, former UT Austin athletics director, approached the City of Austin about contributing to the cost of a new basketball arena, which has many uses that elevate sales and hotel occupancy taxes.
That proposal did not go well, but not before aggy laughed and squealed about UT Austin being "broke."
Now, they have hung the taxpayer with outright and hidden taxes for Kyle Field's redevelopment, and they think it's the best thing since sliced bread and that going half a billion dollars into long-term debt means they are rich af.
Just like the subject of the OP, it is impossible to explain aggy, and only those aggy who have been indoctrinated can even start to do so (hence their catchphrase about from the outside you can't understand it and from the inside you can't explain it).
It's all total bullshite to cover for aggy's gargantuan ineptitude.
Steve Patterson, former UT Austin athletics director, approached the City of Austin about contributing to the cost of a new basketball arena, which has many uses that elevate sales and hotel occupancy taxes.
That proposal did not go well, but not before aggy laughed and squealed about UT Austin being "broke."
Now, they have hung the taxpayer with outright and hidden taxes for Kyle Field's redevelopment, and they think it's the best thing since sliced bread and that going half a billion dollars into long-term debt means they are rich af.
Just like the subject of the OP, it is impossible to explain aggy, and only those aggy who have been indoctrinated can even start to do so (hence their catchphrase about from the outside you can't understand it and from the inside you can't explain it).
It's all total bullshite to cover for aggy's gargantuan ineptitude.
Posted on 2/15/19 at 8:07 pm to Smart Post
“51 percent will be funded by annual seat licenses, 27 percent will be funded by Kyle Field Campaign gifts“
Goodness you’re uneducated
This was all captured in the first 5 years
In fact we collected so much the remainder was covered
On time and under budget
Idiot
Goodness you’re uneducated
This was all captured in the first 5 years
In fact we collected so much the remainder was covered
On time and under budget
Idiot
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