So where will the Jaysquawkers. mutant chickens, play next year?

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Re: So where will the Jaysquawkers. mutant chickens, play next year?

Post by tmcats » April 21st, 2024, 8:41 pm

WildcatEngineer wrote:
April 21st, 2024, 10:26 am
tmcats wrote:
April 21st, 2024, 9:24 am


no, k-state's debt has not been in the 30s since currie's tenure and the capital projects boom. ku's debt has been around that number though. i suspect that's the confusion.

as to endowment oversight, the relationship between the regents and university endowments is not at all clear to me. generally, endowments are governed directly by separate boards, not regents. my experience has been that regents are a political body (governor appointments) more than a functional unit like say a corporate board of directors. regents rubber stamp a lot of stuff. the work is done by others.
TM, thank you,
Endowment/Foundation gets into politics, so I will reduce my post on that. But they are huge amounts of money and how/who decides when/where they are allocated just seems murky at all major Universities.
i'll let you know what they say to the endowment oversight issue.

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Post by WildcatEngineer » April 26th, 2024, 3:42 pm

https://www.youtube.com/watch?v=mFjBIxnvsbo

The Fitz interview with KU AD Travis Goff.

To me it is open to interpretation.

This is a copied post from another thread.

Fitz is not going to get a call from "60 Minutes" for this interview.

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Post by SCKSCat » April 30th, 2024, 7:43 am

So are KU boosters going to payback Kansas or are they going to put a ticket surcharge on football tickets to get revenue for repayment.

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Post by WildcatEngineer » April 30th, 2024, 1:08 pm

SCKSCat wrote:
April 30th, 2024, 7:43 am
So are KU boosters going to payback Kansas or are they going to put a ticket surcharge on football tickets to get revenue for repayment.
If I understand this interview with AD Goff correctly
- They are expanding the Anderson Locker Room. They have the money to do this. Part of Phase I
- The highest priority is the West side seating. They have the money to do this Part of Phase i
- The north end seating is not paid for, but they have a plan to get the cash. Part of Phase I $448,000,000
- North end 500,000 square foot convention Center. Part of Phase I - $85,000,000 of tax grant and allocation. This is not enough to pay for this and I believe it is on hold until they get the funding. They cannot find investors for this.
- East side seating - No Money, No timeline
- East side hotel - No Money, No timeline

Parking - they do not want to talk about this aspect of the project.
KU Endowment may or may not have funded Phase I. They are the backstop.
Borrowed money - ADTG did not discuss what debt load is being taken on.
Student Fees - KU Athletic Department is getting cash from students.
The cost to play at Sporting and Arrowhead - undefined

They have a financial mess on their hands.
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Post by tmcats » April 30th, 2024, 1:20 pm

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Post by ksume2000 » May 1st, 2024, 9:23 am

That is really amazing to think about. Little ol' K-State, in the middle of nowhere, is the 10th most profitable in all of college sports. Ahead of two thirds of the SEC/BIG juggernaut.
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Post by stlcatfan » May 1st, 2024, 11:28 am

ksume2000 wrote:
May 1st, 2024, 9:23 am
That is really amazing to think about. Little ol' K-State, in the middle of nowhere, is the 10th most profitable in all of college sports. Ahead of two thirds of the SEC/BIG juggernaut.
And without taking a single dollar from the academic side, student fees, etc. :thumbsup:
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Post by tmcats » May 1st, 2024, 3:44 pm

looks like there's some down river trepidation over da booth.

The Booth’s boost remains a bust, the destruction left in its wake serving as an embodiment of the misplaced priorities of the University.

https://www.kansan.com/opinion/booth-s- ... 0b1cd.html
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Post by WildcatEngineer » May 2nd, 2024, 12:45 pm

tmcats wrote:
May 1st, 2024, 3:44 pm
looks like there's some down river trepidation over da booth.

The Booth’s boost remains a bust, the destruction left in its wake serving as an embodiment of the misplaced priorities of the University.

https://www.kansan.com/opinion/booth-s- ... 0b1cd.html
This article is bringing up the issue the Athletic Department just sidesteps - Parking. I have to believe one of the main reasons they cannot get investors in the 500,000 sq ft Convention Center is there are limited parking spaces for customers, not to mention employees.

Goff's Goof is going to be a financial issue for KU for the next 20 years.
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Post by tmcats » May 2nd, 2024, 1:14 pm

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