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Thread: Jay getting ready to talk Tigue

  1. #121
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    Quote Originally Posted by basinbear View Post
    And the cost rose to 17 million because of our decisions not Lemoine
    What decisions?

    Are we paying $10 million more and getting $10 million more worth of stadium? Or are you saying that the price rose by 125% because of incompetence?

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    Quote Originally Posted by raginsaints View Post
    I know everyone is mad at Jay and hates Scott. I just would like for them to tell us what happens to the season ticket holders. I know we have more STH than Fabacher's capacity.
    My guess: point system leaders first.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Cajun_in_NM View Post
    I can answer this...

    $3MM in hand right now
    $4MM to be given in $1MM amounts over 4 years ($5MM from Russo @ $1MM/yr for 5 yrs)

    $3MM + $4MM = $7MM (70% of $10MM)
    Yeah, not unusual, more the norm actually.

    UL still doesn't have the money "in hand" to pay for certain campus dorms built a few years ago. It's just not how they were financed.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Turbine View Post
    Yeah, not unusual, more the norm actually.

    UL still doesn't have the money "in hand" to pay for certain campus dorms built a few years ago. It's just not how they were financed.
    Then why not explain that to us? Why string us along until it's too late?

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    Quote Originally Posted by CajunRebel View Post
    What decisions?

    Are we paying $10 million more and getting $10 million more worth of stadium? Or are you saying that the price rose by 125% because of incompetence?
    The project was a 17 million dollar project in the end.

  6. #126
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    Quote Originally Posted by Turbine View Post
    Yeah, not unusual, more the norm actually.

    UL still doesn't have the money "in hand" to pay for certain campus dorms built a few years ago. It's just not how they were financed.
    This was certainly the case with every major project I've donated to. You don't need money in hand to secure a loan and start building.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunAmos View Post
    Nope. I remember Tony speaking about it about halfway through the season.
    Tony didn't say there would be delays after the Super Regionals to my memory. He did say that the project may cause some inconveniences for us and there were only 9 days of weather delays in the contract. He did say there could be some construction running into the season.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by crazycajun View Post
    So we never got out of the silent phase, nobody was ever asked for money....and now we don't have the money....and some people don t see a problem with this
    Quiet phase capital campaigns undoubtedly work better in P5, and/or top 20 MSA locations. We ain't that.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by duggie85 View Post
    My guess: point system leaders first.
    There a lot of people (myself included) who only have baseball season tickets. If that's the case, there's going to be a lot of ____ed off people (myself included).

  10. #130
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    Default Re: TIGUE UPDATE?

    That's because it wasn't a rumor


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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by cajunhawk View Post
    We are faceless buffoons, no one cares what we think. We are small potatoes. We ain't small enough for that bald-headed ____ to stop reading what we are saying. A bully pulpit is an easy medium to demean and belittle what you want silenced.
    mmmm... ok

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by cajunhawk View Post
    Then why not explain that to us? Why string us along until it's too late?
    Because some of the money (the Russo $5 million) was gonna be incremental, the University/Athletic Program would necessarily have had take out a loan or bonded some of the project out.

    If even just $10 million worth of work was done between now and next spring, Russo will only make its money available over the next 5 years.

    UL would/will need an additional avenue to pay Lemoine for $10 (or 17 or 21 or whatever) million worth of work it does in the next year.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by raginsaints View Post
    There a lot of people (myself included) who only have baseball season tickets. If that's the case, there's going to be a lot of ____ed off people (myself included).
    Get you some of them Jim Harris pernts baw.

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    Quote Originally Posted by IHateLaState View Post
    So what is it that he said that everyone is so up in arms about? Or is he correct... haters gonna hate?

    1. The Lemoine websight is misleading. IT IS. I read 2 phases.. between end of 16 and beginning of 17. Others read it to say phase 1 after 16 and phase 2 after 17. Thats what Jay said and I agree

    2. The stadium will be completed this year.. maybe not by opening day but our butts will be in the new Tigue.. I believe that

    3. No $2 million pledge has been pulled

    4. 70% of $10 million has been received. The project is going to be over-run

    This is what I heard
    3 . is true .. it was only 250 k pledge

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by IHateLaState View Post
    mmmm... ok
    Solid burn...
    Attached Images Attached Images  

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunRebel View Post
    This was certainly the case with every major project I've donated to. You don't need money in hand to secure a loan and start building.
    But you didn't secure a loan, he was given approval by the UL System Board to move forward on the project based upon the fact that Farmer stated to them 70% of the donations were secured. UL is now securing the loan to move forward on the project because the majority of those funds have not been attained. They are doing so through the Ragin'Cajuns Facility Foundation which will require repayment of the funds secured.

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    Quote Originally Posted by cajun_lannister View Post
    3 . is true .. it was only 250 k pledge
    That was stated as a correction on an earlier thread.....

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Cajun Monkee View Post
    Because some of the money (the Russo $5 million) was gonna be incremental, the University/Athletic Program would necessarily have had take out a loan or bonded some of the project out.

    If even just $10 million worth of work was done between now and next spring, Russo will only make its money available over the next 5 years.

    UL would/will need an additional avenue to pay Lemoine for $10 (or 17 or 21 or whatever) million worth of work it does in the next year.
    Back to the original point...why not tell us that?

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunT View Post
    But you didn't secure a loan, he was given approval by the UL System Board to move forward on the project based upon the fact that Farmer stated to them 70% of the donations were secured. UL is now securing the loan to move forward on the project because the majority of those funds have not been made. They are doing so through the Ragin'Cajuns Facility Foundation which we require payment of the funds secured.
    Is the University pursuing a loan on the increased cost of the $7 million above the original cost of $10 million?

    Or is the University pursuing a loan of $14 million because there is only $3 million available for a $17 million project?

  20. #140
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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by cajunhawk View Post
    Back to the original point...why not tell us that?
    Hawk, you know that's not how we do things around here.

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