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re: This LSU bankruptcy thing, the Lazy River and all, is it bad PR for the SEC?

Posted on 5/13/15 at 3:32 pm to
Posted by Agforlife
Somewhere in the Brazos Valley
Member since Nov 2012
20102 posts
Posted on 5/13/15 at 3:32 pm to
quote:

we all know 100% of their fans and graduates have oil money






Damn right I get that $135 check every month
Posted by Farmer1906
The Woodlands, TX
Member since Apr 2009
50412 posts
Posted on 5/13/15 at 3:33 pm to
At least you're not Chicago or Detroit. Those frickers are screwed.
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55307 posts
Posted on 5/13/15 at 3:33 pm to
quote:

You would think that, until you realize that most of the nation consider Clemson's stadium to be Death Valley. Then it's just weird, just like the weird dog cemetary out front.


Did LSU really name their stadium after Clemson? This can't be real
Posted by Farmer1906
The Woodlands, TX
Member since Apr 2009
50412 posts
Posted on 5/13/15 at 3:36 pm to
quote:

Did LSU really name their stadium after Clemson? This can't be real


Its a touchy subject. Apparently LSU named their's deaf valley, Clemson named their's Death Valley. LSU either got confused or was just envious of Clemson so the named changed. it depends on who's telling the story.

Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55307 posts
Posted on 5/13/15 at 3:38 pm to
Was this before or after LSU became good at football in the last 15 years?
Posted by Roberteaux
mandeville
Member since Sep 2009
5809 posts
Posted on 5/13/15 at 3:40 pm to
quote:

Louisiana is poor. FACT!!!


Louisiana > Alabama

FACT!!!
it's a FACT because i say it's a FACT
Posted by RT1941
Member since May 2007
30231 posts
Posted on 5/13/15 at 3:40 pm to
quote:

At a state level it is scary for sure. July 1 is the deadline, and if they don't have a good plan by then Moody’s Investors Service and Standard & Poor’s are both going to scalp their credit rating.


Moody's already downgraded their rating didn't they?
Posted by constant cough
Lafayette
Member since Jun 2007
44788 posts
Posted on 5/13/15 at 3:43 pm to
quote:

When the rest of the country reads "LSU" they think college football
Posted by cardboardboxer
Member since Apr 2012
34330 posts
Posted on 5/13/15 at 3:46 pm to
quote:

Moody's already downgraded their rating didn't they?



The LSU system? Yup.

I was talking about the state as a whole.
Posted by RT1941
Member since May 2007
30231 posts
Posted on 5/13/15 at 3:48 pm to
quote:

Moody's already downgraded their rating didn't they?
quote:

The LSU system? Yup. I was talking about the state as a whole.
Gotcha.

Posted by cardboardboxer
Member since Apr 2012
34330 posts
Posted on 5/13/15 at 3:50 pm to
quote:

Apparently LSU named their's deaf valley, Clemson named their's Death Valley. LSU either got confused or was just envious of Clemson so the named changed. it depends on who's telling the story.


I thought Deaf Valley was a play off of Death Valley. Then some media guide or something got ahold of it.

Had to happen a while ago, "Death" Valley isn't PC enough to pop out of today's world. Neither is Deaf Valley, as that would be insensitive to the hearing impaired.

Hell neither is Chinese Bandits or Suck My Tiger Dick Bitch. Maybe PC doesn't mean the same thing in Louisiana.
Posted by lsusteve1
Member since Dec 2004
41915 posts
Posted on 5/13/15 at 3:50 pm to
quote:

Was this before or after LSU became good at football in the last 15 years?




Something you'll never hear someone say about A&M
Posted by higgs_boson
State College, PA
Member since Sep 2014
22455 posts
Posted on 5/13/15 at 3:53 pm to
quote:

I thought Deaf Valley was a play off of Death Valley.


From the few times I have been there, I thought Deaf Valley was appropriate. That place can get really loud and rowdy. I think people just starting confusing Deaf with Death.
Posted by cardboardboxer
Member since Apr 2012
34330 posts
Posted on 5/13/15 at 3:55 pm to
quote:

I thought Deaf Valley was appropriate.


Most would. It is loud.

quote:

I think people just starting confusing Deaf with Death.


On purpose. Because it sounds cooler.

Pretty sad actually. If you are going to steal someone's tradition, at least trademark that shite so that way you have a legitimate claim to it. Aggie could teach them a thing or two.
Posted by BamaGradinTn
Murfreesboro
Member since Dec 2008
26962 posts
Posted on 5/13/15 at 3:56 pm to
quote:

2) It is being built with student recreation fees. If they want to spend their money on an ugly-arse pool, it is nobody's business but theirs.


I read that too, maybe it's true, but it's a helluva lot of rec fees.

"The university maintains the money for the campus construction development has nothing to do with the budget woes. The money came from a special student fee assessment, approved in 2011 and earmarked specifically for the project."

So if they are paying all cash...4 years of fees from 30,000 students, that's over $700 per student.

How much was this special assessment per student? Did LSU seriously approve a $700 per student fee so they could pay cash to build this thing?

Even if the fee was only $200 per student, that's only about $25M in revenue since the assessment started. That leaves $60M to finance...with only $6M coming in from the special assessment every year. Even at only 3% interest, a $60M note over 20 years leaves a monthly payment of about $330,000 to pay for this thing.
This post was edited on 5/13/15 at 3:58 pm
Posted by lsuirish
Member since Mar 2004
146 posts
Posted on 5/13/15 at 4:04 pm to
LSU Pool
Bama Pond

via Caddyshack!
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96013 posts
Posted on 5/13/15 at 4:40 pm to
I'm sure your math is probably wrong.
Posted by heartbreakTiger
grinding for my grinders
Member since Jan 2008
138974 posts
Posted on 5/13/15 at 4:44 pm to
Yea anyone that actually believed LSU would go bankrupt is retarded. I question the tactic of floating that out as a possibility, yea it might have got some chunk of the budget back, but it gives a bad perception. Schools like SUNO would be gone completely if LSU was to be allowed to go bankrupt
Posted by RT1941
Member since May 2007
30231 posts
Posted on 5/13/15 at 4:44 pm to
quote:

I'm sure your math is probably wrong.
So what have LSU student's been paying annually in studen fees?
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96013 posts
Posted on 5/13/15 at 4:46 pm to
I have no idea. But for starters I'd assume you pay per semester. Not annually.
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