Either way, could be a negotiating tactic? Time will tell.He really didn't say anything in that statement other than everything is going according to plan. The things he is referring to were not defined.
Still prefer this as opposed to making any definitive statements before a contract has been signed.
They are going to add larger modular visiting locker rooms (south end of stadium), more substantial endzone seating, and chairbacks and padded seats to the East (visitors) grandstands.The current stadium is FBS ready now. What else are they going to add that will be torn down?
My opinion is that this FBS invite makes revenue bonds a much easier ask. As JV, there was enough data to know that the revenue generation side of things would never pencil out. Our revenues were nearly capped at the JV level. With FBS status, the revenue generation side of the equation is much more favorable.Being admitted to FBS this year has allowed Sac State slow down and do the stadium right. Not rushed. Might even be able to increase the budget.
It explains why the school went silent on the stadium plans last October/November. The timeline shifted, but for the right reasons.
Agree 110%. Why would CSU issue bonds against a property that is not CSU controlled? Wont happen.I hope this means the track-less on-campus option happens. I say this because I have a hard time seeing the CSU green light some revenue bonds on non-CSU owned property. Time will tell.
btw, the track has to stay because of the T&F programs.
Why spend $3M on current Hornet Stadium to throw it away? That is foolish use of funds.
I hope this means the track-less on-campus option happens.
But the CSU BOT wont bite this either (which I think is to the tune of $100M). I think SDSU (CSU) bought the land Snapdragon sits on and they lease it back/out? Not too involved in that deal, but Wood would know.I really think the wording around Cal Expo is giving major wiggle room for a pivot to the railyards. Saying things like "still on pace with Cal Expo site evaluation..."
I'm sure there were certain improvement requirements to Hornet Stadium to land the MAC invite. Unless we were breaking ground on a stadium this spring/summer, there are improvement needed to hold HS over until that happens.Why spend $3M on current Hornet Stadium to throw it away? That is foolish use of funds.
| Inflation Assumption | Approx. 2026 Cost for $70M (2011) |
|---|
| 4% annual (higher trend) | ~$125 – 130 M |
| 3% annual (moderate) | ~$105 – 115 M |
| 2.6% annual (recent trend) | ~$100 M |
No matter where this stadium goes I feel something like this has to be on par with what to expect.
https://fausports.com/facilities/fau-football-stadium/79
They recently secured a nice 15 yea/$22.5 million naming deal for the stadium also.
Used Kadeezy.gpt to predict cost today vs 2011 when it opened.
Inflation Assumption Approx. 2026 Cost for $70M (2011)
4% annual (higher trend) ~$125 – 130 M
3% annual (moderate) ~$105 – 115 M
2.6% annual (recent trend) ~$100 M
Agreed.This is very much underestimating the potential cost. USF is building a 35k stadium and their cost is ~$350M. Assume you go with something smaller and more barebones at half the cost (maybe?) then you're looking at $175M. Which seems to be in line with number put out there in the RFI/P for Cal Expo.
No matter where this stadium goes I feel something like this has to be on par with what to expect.
https://fausports.com/facilities/fau-football-stadium/79
They recently secured a nice 15 yea/$22.5 million naming deal for the stadium also.
Used Kadeezy.gpt to predict cost today vs 2011 when it opened.
Inflation Assumption Approx. 2026 Cost for $70M (2011)
4% annual (higher trend) ~$125 – 130 M
3% annual (moderate) ~$105 – 115 M
2.6% annual (recent trend) ~$100 M
Remember when you said we weren't going to get an FBS invite? Lol, cry harder.Wait, you seriously think that's "on par" with any future stadium you're about to build at the horse track, or wherever?
Why throw away 4 million dollars on upgrades.. if it's all getting torn down.. kind of pointless.
Where is all the money coming from for all this stuff? How much was Collegiate Consulting paid over 2.5 years working with you guys for their knowledge of joining the MAC?
How much more will annual football budget overhead be now to keep up with FBS competitive coaching costs? With no media money for 5 years.. I mean..
The Pac-12 donors are no longer on the hook for any pledges, because that's not what happened, so how much money really is in the bank? What is the actual money in the bank for NIL? Not just pledges..
It seems like you guys are just making excuses about California High speed rail being a rip-off to the taxpayer as a way to project your guilt for about going essentially insolvent soon and the bailout coming on the California taxpayer backs just for your vanity FBS move.