EXPANDING STADIUM TO 40k CAPACITY

[Saint3333]

I don't have knowledge if the expansion is or isn't "fully funded". I hope it is. I bet the difference is perspective of what fully funded means to various individuals.

I do know that when items are fully funded AND funds are committed the project is typically announced.

[appgrad95&97]

Agree. This has been green lit rather quickly. If it was in need of funding, then it wouldn’t be moving so quickly.

That was nine months ago. I mean, come on. No announcement. Nothing. "Basically fully funded"

You are free to believe what you wish. There is an order in which projects are prioritized. Gillin said as much LAST week. If you don’t wish to believe the man, that is your right. If you can’t take the word of the man in charge, then I doubt anyone here is going to unravel your cynicism.

I have NEVER said the project wouldn't happen. I feel very confident that it will. But "fully funded" nine months ago or today is a joke.

Just last week, Gillin said the East stands will be a profit center. Do you think he is able to say that without knowing how they are going to fund it? C'mon man...

Some things take time. Just because YOU haven't heard an announcement yet doesn't mean pieces haven't been moving for years.

I believe all of that. I don't believe it was fully funded nine months ago or now. They are working on the funding. I'll ask again: are there actual engineering plans or just a picture? Is there an actual budget?

[AppStateNews]

That was nine months ago. I mean, come on. No announcement. Nothing. "Basically fully funded"

You are free to believe what you wish. There is an order in which projects are prioritized. Gillin said as much LAST week. If you don’t wish to believe the man, that is your right. If you can’t take the word of the man in charge, then I doubt anyone here is going to unravel your cynicism.

I have NEVER said the project wouldn't happen. I feel very confident that it will. But "fully funded" nine months ago or today is a joke.

Just last week, Gillin said the East stands will be a profit center. Do you think he is able to say that without knowing how they are going to fund it? C'mon man...

Some things take time. Just because YOU haven't heard an announcement yet doesn't mean pieces haven't been moving for years.

I believe all of that. I don't believe it was fully funded nine months ago or now. They are working on the funding. I'll ask again: are there actual engineering plans or just a picture? Is there an actual budget?

So you believe an AD is going to tell the fan base that a new building will quickly become a profit center without knowing how they are going to pay for said new building? You're insane if you think that...

Funding is secured.

No idea about the engineering plans or if it's just renderings right now. Not sure where they are in they process.

Yes, a budget has been provided.

[mike87]

Rabbit, meet hole.

[appgrad95&97]

You are free to believe what you wish. There is an order in which projects are prioritized. Gillin said as much LAST week. If you don’t wish to believe the man, that is your right. If you can’t take the word of the man in charge, then I doubt anyone here is going to unravel your cynicism.

I have NEVER said the project wouldn't happen. I feel very confident that it will. But "fully funded" nine months ago or today is a joke.

Just last week, Gillin said the East stands will be a profit center. Do you think he is able to say that without knowing how they are going to fund it? C'mon man...

Some things take time. Just because YOU haven't heard an announcement yet doesn't mean pieces haven't been moving for years.

I believe all of that. I don't believe it was fully funded nine months ago or now. They are working on the funding. I'll ask again: are there actual engineering plans or just a picture? Is there an actual budget?

So you believe an AD is going to tell the fan base that a new building will quickly become a profit center without knowing how they are going to pay for said new building? You're insane if you think that...

Funding is secured.

No idea about the engineering plans or if it's just renderings right now. Not sure where they are in they process.

Yes, a budget has been provided.

Let's just say the project will cost 50 million. Much of that will be paid for over time with the sales of premium tickets and suites. Let's say that we get a corporate sponsorship for several years. At the end of the day the University will have to front the cost upfront. Overtime, like the NEZ it will produce revenue. But the cash is not on had. It will have to be borrowed

[311neers]

Hopefully that fully funded today is still fully funded in 3 years when it goes to design and bid.

$150M today might be $200M when it’s go time. If we have someone or a company willing to stroke that check at any time, that is awesome! Keep spreading and growing the brand.

[AppSt94]

I have NEVER said the project wouldn't happen. I feel very confident that it will. But "fully funded" nine months ago or today is a joke.

Just last week, Gillin said the East stands will be a profit center. Do you think he is able to say that without knowing how they are going to fund it? C'mon man...

Some things take time. Just because YOU haven't heard an announcement yet doesn't mean pieces haven't been moving for years.

I believe all of that. I don't believe it was fully funded nine months ago or now. They are working on the funding. I'll ask again: are there actual engineering plans or just a picture? Is there an actual budget?

So you believe an AD is going to tell the fan base that a new building will quickly become a profit center without knowing how they are going to pay for said new building? You're insane if you think that...

Funding is secured.

No idea about the engineering plans or if it's just renderings right now. Not sure where they are in they process.

Yes, a budget has been provided.

Let's just say the project will cost 50 million. Much of that will be paid for over time with the sales of premium tickets and suites. Let's say that we get a corporate sponsorship for several years. At the end of the day the University will have to front the cost upfront. Overtime, like the NEZ it will produce revenue. But the cash is not on had. It will have to be borrowed

Are you stating fact or conjecture?

[appgrad95&97]

Just last week, Gillin said the East stands will be a profit center. Do you think he is able to say that without knowing how they are going to fund it? C'mon man...

Some things take time. Just because YOU haven't heard an announcement yet doesn't mean pieces haven't been moving for years.

I believe all of that. I don't believe it was fully funded nine months ago or now. They are working on the funding. I'll ask again: are there actual engineering plans or just a picture? Is there an actual budget?

So you believe an AD is going to tell the fan base that a new building will quickly become a profit center without knowing how they are going to pay for said new building? You're insane if you think that...

Funding is secured.

No idea about the engineering plans or if it's just renderings right now. Not sure where they are in they process.

Yes, a budget has been provided.

Let's just say the project will cost 50 million. Much of that will be paid for over time with the sales of premium tickets and suites. Let's say that we get a corporate sponsorship for several years. At the end of the day the University will have to front the cost upfront. Overtime, like the NEZ it will produce revenue. But the cash is not on had. It will have to be borrowed

Are you stating fact or conjecture?

I don't even understand that question. The entire University raises 35 or so million a year. That is a fact. So it's hard to imagine how athletics is sitting on some secret pile of cash. Or why they don't start the project now if they were. None of what I am saying is particularly controversial.

[AppSt94]

I believe all of that. I don't believe it was fully funded nine months ago or now. They are working on the funding. I'll ask again: are there actual engineering plans or just a picture? Is there an actual budget?

So you believe an AD is going to tell the fan base that a new building will quickly become a profit center without knowing how they are going to pay for said new building? You're insane if you think that...

Funding is secured.

No idea about the engineering plans or if it's just renderings right now. Not sure where they are in they process.

Yes, a budget has been provided.

Let's just say the project will cost 50 million. Much of that will be paid for over time with the sales of premium tickets and suites. Let's say that we get a corporate sponsorship for several years. At the end of the day the University will have to front the cost upfront. Overtime, like the NEZ it will produce revenue. But the cash is not on had. It will have to be borrowed

Are you stating fact or conjecture?

I don't even understand that question. The entire University raises 35 or so million a year. That is a fact. So it's hard to imagine how athletics is sitting on some secret pile of cash. Or why they don't start the project now if they were. None of what I am saying is particularly controversial.

It isn’t controversial. Didn’t say it was. But your commentary about whether we do or do not have the money in hand is a “I don’t know the answer but your wrong.” So unless you know that we don’t have the funding, why question it? DG has said it but you still want to question it.

I get your point. If the money is in hand then start it. The statement that is “funded” does not mean that cash is in hand. It simply means that there is a plan in place and a pro forma has been created to move forward when the time comes. Other stuff has to get finished first. It doesn’t mean that the there is a deep state cover up to say we have funding when we don’t.

[appgrad95&97]

So you believe an AD is going to tell the fan base that a new building will quickly become a profit center without knowing how they are going to pay for said new building? You're insane if you think that...

Funding is secured.

No idea about the engineering plans or if it's just renderings right now. Not sure where they are in they process.

Yes, a budget has been provided.

Let's just say the project will cost 50 million. Much of that will be paid for over time with the sales of premium tickets and suites. Let's say that we get a corporate sponsorship for several years. At the end of the day the University will have to front the cost upfront. Overtime, like the NEZ it will produce revenue. But the cash is not on had. It will have to be borrowed

Are you stating fact or conjecture?

I don't even understand that question. The entire University raises 35 or so million a year. That is a fact. So it's hard to imagine how athletics is sitting on some secret pile of cash. Or why they don't start the project now if they were. None of what I am saying is particularly controversial.

It isn’t controversial. Didn’t say it was. But your commentary about whether we do or do not have the money in hand is a “I don’t know the answer but your wrong.” So unless you know that we don’t have the funding, why question it? DG has said it but you still want to question it.

I get your point. If the money is in hand then start it. But that’s not how the process is playing out. Other stuff has to get finished first. It doesn’t mean that the there is a deep state cover up to say we have funding when we don’t.

Now I think we are close to the same page. I absolutely believe the project will happen. I have consistently said so. I believe the project will eventually be cash flow positive. I, nor anyone else, cannot prove a negative, but I know that the University's finances are a matter of public record. I know the agendas of the board of trustees are a matter of public record. And I will simply say; there is nothing in the public record that indicates that the money for the East side project is in hand. There's no cover up, I never said there was. But, I really believe that telling people that the project is currently fully funded is irresponsible, given the public record.

[AppStateNews]

Let's just say the project will cost 50 million. Much of that will be paid for over time with the sales of premium tickets and suites. Let's say that we get a corporate sponsorship for several years. At the end of the day the University will have to front the cost upfront. Overtime, like the NEZ it will produce revenue. But the cash is not on had. It will have to be borrowed

Are you stating fact or conjecture?

I don't even understand that question. The entire University raises 35 or so million a year. That is a fact. So it's hard to imagine how athletics is sitting on some secret pile of cash. Or why they don't start the project now if they were. None of what I am saying is particularly controversial.

It isn’t controversial. Didn’t say it was. But your commentary about whether we do or do not have the money in hand is a “I don’t know the answer but your wrong.” So unless you know that we don’t have the funding, why question it? DG has said it but you still want to question it.

I get your point. If the money is in hand then start it. But that’s not how the process is playing out. Other stuff has to get finished first. It doesn’t mean that the there is a deep state cover up to say we have funding when we don’t.

Now I think we are close to the same page. I absolutely believe the project will happen. I have consistently said so. I believe the project will eventually be cash flow positive. I, nor anyone else, cannot prove a negative, but I know that the University's finances are a matter of public record. I know the agendas of the board of trustees are a matter of public record. And I will simply say; there is nothing in the public record that indicates that the money for the East side project is in hand. There's no cover up, I never said there was. But, I really believe that telling people that the project is currently fully funded is irresponsible, given the public record.

Holmes convocation was fully funded for 5 years before announcing the plans... Things happen in the background that isn't in the public domain -- especially at public institutions.

The only concern at this point for funds is the constantly rising prices and how much the project will like be over budget right now.

[AppStateNews]

I have NEVER said the project wouldn't happen. I feel very confident that it will. But "fully funded" nine months ago or today is a joke.

Just last week, Gillin said the East stands will be a profit center. Do you think he is able to say that without knowing how they are going to fund it? C'mon man...

Some things take time. Just because YOU haven't heard an announcement yet doesn't mean pieces haven't been moving for years.

I believe all of that. I don't believe it was fully funded nine months ago or now. They are working on the funding. I'll ask again: are there actual engineering plans or just a picture? Is there an actual budget?

So you believe an AD is going to tell the fan base that a new building will quickly become a profit center without knowing how they are going to pay for said new building? You're insane if you think that...

Funding is secured.

No idea about the engineering plans or if it's just renderings right now. Not sure where they are in they process.

Yes, a budget has been provided.

Let's just say the project will cost 50 million. Much of that will be paid for over time with the sales of premium tickets and suites. Let's say that we get a corporate sponsorship for several years. At the end of the day the University will have to front the cost upfront. Overtime, like the NEZ it will produce revenue. But the cash is not on had. It will have to be borrowed

You're missing a key statement of mine. It's going to be a profit center quickly. Meaning not having to wait over time for it to become so -- like the NEZ (which likely will never be profitable actually but it's not losing money like other facilities so I guess technically profitable).

[AppStateNews]

Hopefully that fully funded today is still fully funded in 3 years when it goes to design and bid.

$150M today might be $200M when it’s go time. If we have someone or a company willing to stroke that check at any time, that is awesome! Keep spreading and growing the brand.

That is the concern for sure.

[appgrad95&97]

Are you stating fact or conjecture?

I don't even understand that question. The entire University raises 35 or so million a year. That is a fact. So it's hard to imagine how athletics is sitting on some secret pile of cash. Or why they don't start the project now if they were. None of what I am saying is particularly controversial.

It isn’t controversial. Didn’t say it was. But your commentary about whether we do or do not have the money in hand is a “I don’t know the answer but your wrong.” So unless you know that we don’t have the funding, why question it? DG has said it but you still want to question it.

I get your point. If the money is in hand then start it. But that’s not how the process is playing out. Other stuff has to get finished first. It doesn’t mean that the there is a deep state cover up to say we have funding when we don’t.

Now I think we are close to the same page. I absolutely believe the project will happen. I have consistently said so. I believe the project will eventually be cash flow positive. I, nor anyone else, cannot prove a negative, but I know that the University's finances are a matter of public record. I know the agendas of the board of trustees are a matter of public record. And I will simply say; there is nothing in the public record that indicates that the money for the East side project is in hand. There's no cover up, I never said there was. But, I really believe that telling people that the project is currently fully funded is irresponsible, given the public record.

Holmes convocation was fully funded for 5 years before announcing the plans... Things happen in the background that isn't in the public domain -- especially at public institutions.

The only concern at this point for funds is the constantly rising prices and how much the project will like be over budget right now.

Holmes was largely funded by the state. There are classes in there so that it could be counted as an academic building and be eligible for state funding.

[AppStateNews]

I don't even understand that question. The entire University raises 35 or so million a year. That is a fact. So it's hard to imagine how athletics is sitting on some secret pile of cash. Or why they don't start the project now if they were. None of what I am saying is particularly controversial.

It isn’t controversial. Didn’t say it was. But your commentary about whether we do or do not have the money in hand is a “I don’t know the answer but your wrong.” So unless you know that we don’t have the funding, why question it? DG has said it but you still want to question it.

I get your point. If the money is in hand then start it. But that’s not how the process is playing out. Other stuff has to get finished first. It doesn’t mean that the there is a deep state cover up to say we have funding when we don’t.

Now I think we are close to the same page. I absolutely believe the project will happen. I have consistently said so. I believe the project will eventually be cash flow positive. I, nor anyone else, cannot prove a negative, but I know that the University's finances are a matter of public record. I know the agendas of the board of trustees are a matter of public record. And I will simply say; there is nothing in the public record that indicates that the money for the East side project is in hand. There's no cover up, I never said there was. But, I really believe that telling people that the project is currently fully funded is irresponsible, given the public record.

Holmes convocation was fully funded for 5 years before announcing the plans... Things happen in the background that isn't in the public domain -- especially at public institutions.

The only concern at this point for funds is the constantly rising prices and how much the project will like be over budget right now.

Holmes was largely funded by the state. There are classes in there so that it could be counted as an academic building and be eligible for state funding.

I am aware

[Saint3333]

To some fully funded in inclusive of seat rights and tickets paid over a period of time in addition to any donations.

To some fully funded means we have a large donor that is committed to funding the project.

Both points can be accurate the former however doesn’t meet the definition of the latter.

Would be constructive if those making the assertion would define the sources and uses of funds, but I don’t expect that to happen.

[Bootsy]

Everyone, thank you for this immersive journey into high finance and big capital projects that (depending on your perspective) may or may not have financing secured.

Any App Football fan knows how often we say, "this is a pivotal season for the program." This saying has never been truer than it is for the 2023 campaign. A lot of these plans are riding on a season better than 6-6.

With that in mind, I'm very encouraged by what we're seeing with recruiting, S&C and administrative staff additions. App may struggle a bit early as they work to get things clicking, but we have a strong staff and some talented young men on the field.

[AppSt94]

To some fully funded in inclusive of seat rights and tickets paid over a period of time in addition to any donations.

To some fully funded means we have a large donor that is committed to funding the project.

Both points can be accurate the former however doesn’t meet the definition of the latter.

Would be constructive if those making the assertion would define the sources and uses of funds, but I don’t expect that to happen.

The person that made the comment that funding was in place, (Doug Gillin) is the one person that would know. You can choose to have faith that he is telling the truth or you can remain skeptical. It’s pretty simple. Not sure what more you could hope for to make you feel better. He isn’t going to provide details publicly, nor should he.

[AppStateNews]

To some fully funded in inclusive of seat rights and tickets paid over a period of time in addition to any donations.

To some fully funded means we have a large donor that is committed to funding the project.

Both points can be accurate the former however doesn’t meet the definition of the latter.

Would be constructive if those making the assertion would define the sources and uses of funds, but I don’t expect that to happen.

That's totally fair. And I've defined my source. Directly from Doug Gillins mouth to a group of about 50 former student athletes Friday night before GameDay last season.

I choose to trust the man. Not attempt to invalidate everything simply because I don't think it's true -- especially if I have zero knowledge of the topic at hand. But, to each their own. As I've said before, I won't lose sleep over it if people don't want to believe it.

[Saint3333]

Again “fully funded” can be defined by a wide range of meanings and can be taken out of context as well.

I think DG is the best AD in our history.

I can trust him and interpret his words second hand differently than others.

If it were really that big of a concern I’d reach out to him.

The skepticism of fully funding as meaning cash in hand is warranted based upon the current status of our programs and the needs of higher funding levels in most facets of athletics and the overall university.

I have no doubt we’ll expand the east side luxury seating and the demand is there to support it.

I’m excited about it too!