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Thread: Jay getting ready to talk Tigue

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunT View Post
    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.
    I think my response was to a comment about putting in bids for regionals/supers prior to the season.

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    Ragin' Cajuns Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Cajun Monkee View Post
    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?
    My guess: $14,000,000; secured by a combination of moneys pledged, not yet received, and the good credit of the U.

    Not a big deal, except that it should have been done months ago.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Cajun Monkee View Post
    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?
    Man, that's a really good question that should be easily communicated to people who want info on the project.

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    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.
    Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

    I think you might be mistaken here.

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    Quote Originally Posted by CajunAmos View Post
    Nope. I remember Tony speaking about it about halfway through the season.
    Well poor SF said 10 million about A MONTH ago according to Jay. Too bad he didn't talk to Robe months and months ago and time and again. Even using Jay's numbers seven million collected or promised and 13-27 million needed isn't 70%.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunRebel View Post
    Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

    I think you might be mistaken here.
    What did Scott tell you?

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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?
    Fair enough. Hell, yeah, a conversation we should have had.

    I'm gonna suggest this.

    Originally a $10 million project.

    There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

    This put us at about $7 million. 70% of the original cost.

    And the University was gonna have to get a loan to pay Lemoine in the interim.

    Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?

  8. #148
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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunEXPRESS View Post
    Well poor SF said 10 million about A MONTH ago according to Jay. Too bad he didn't talk to Robe months and months ago and time and again. Even using Jay's numbers seven million collected or promised and 13-27 million needed isn't 70%.
    The $17M number was not mentioned at any of the meetings I attended even up to the end of the season. The last number I remember mentioned was $11M for the stadium, other than a separate project for a new club house.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunRebel View Post
    Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

    I think you might be mistaken here.
    Good hell man, can you read? Farmer said that 70% of the original amount ($10 Mil) was secured..

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Cajun Monkee View Post
    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?
    The cost was not $10 million, that has been clear since December when Coach Robichaux presented the drawings to us in the Diamond Club Fall Social. The final approval from the Dr. Savoie on the renderings we were shown was around $16 mil or $17 million. The addition of the brick façade for the entire grandstand and adjacent bleachers on both sides was an additional $3 million. The other cost included building concessions on both levels rather than waiting until 2018 to complete the other concessions area as stated on the LeMoine web site. The original plans estimate was $10 million, but the discussion of more cost became public back in fall.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Cajun Monkee View Post
    Fair enough. Hell, yeah, a conversation we should have had.

    I'm gonna suggest this.

    Originally a $10 million project.

    There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

    This put us at about $7 million. 70% of the original cost.

    And the University was gonna have to get a loan to pay Lemoine in the interim.

    Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?
    It might as well be, but they won't tell us anything. We have to hear everything second hand, so they can turn their bald mouthpiece on and run us down for being rumor-mongering ____heads behind a keyboard.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunAmos View Post
    The $17M number was not mentioned at any of the meetings I attended even up to the end of the season. The last number I remember mentioned was $11M for the stadium, other than a separate project for a new club house.
    Did you attend the fall Diamond Club Social?

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Cajun Monkee View Post
    Fair enough. Hell, yeah, a conversation we should have had.

    I'm gonna suggest this.

    Originally a $10 million project.

    There was $5-6 million raised from various folks. Russo agreed to match with $5 million in incremental payments.

    This put us at about $7 million. 70% of the original cost.

    And the University was gonna have to get a loan to pay Lemoine in the interim.

    Cost went up to somewhere between $17 an $21 million. Is this additional $$$ what the University is now scrambling to get?
    BOOM.
    $7 Mil PLEDGED, and when time came to pay, $3 Mil was available to actually use.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Dad04 View Post
    The Russo money is $1 million per year for five.
    Thank you Mr. Russo and family.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by Turbine View Post
    Thank you Mr. Russo and family.
    You mean Laguna Oil Tools?

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunRebel View Post
    Ok, so you're saying he told the UL Board he had 12 million dollars (70% of 17mil) cash in hand even though the largest donation for the project wouldn't fully come through for 5 years?

    I think you might be mistaken here.
    Are you telling me UL System Board members are lying? He told them that it would be donor funded and there was no discussion of a loan.

  17. #157
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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunT View Post
    Did you attend the fall Diamond Club Social?
    Yep

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    Default Re: Jay getting ready to talk Tigue

    The stadium hasn't been less than 13 million for months. Guess FarmerBROWN missed the diamond club multiple meetings.


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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunBoudin View Post
    Johnny Moon is full of crap. He's giving spotty information. They had 70% pledged of the 10 million dollar price tag. Well, the stadium is going to cost more now. Whether it's 13, 14 or 18 million where is that money going to be financed? Where was the 3 million going to be financed when the price tag was 10 million?

    Is it true that T-Joe has walked into multiple banks in the last ten days trying to get financing? If so, why wasnt this legwork done a year or six months ago?

    Birdpoop better hope every brick of that stadium is built with cajun fannies sitting in the seats next spring or he should go ahead and retire.

    Birdpoop knew there was a problem two weeks ago which is why he picked up his ball and went home. Why Turbine deleted posts associated with his thin skinned retorts is beyond me. He's no friend of this forum and it only contributes to the wishes of "cajun elites" (if there is such a thing) who prefer that all negative news regarding UL be swept under the rug and kept quiet. That's why BirdPoop hit the road and got into a tizzy about Turbine deleting his account from this sites history, he's embarrassed because he's part of the problem.
    He was very definitive as to the completion of the entire project by next spring.

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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by CajunAmos View Post
    Yep
    He clearly stated Dr. Savoie approved the renderings for project costing between $16 million to $17 million because he wanted done right. The addition cost for the brick façade runs the cost up to $13 or $14 million, the other coast I don't have all the details but they are definitely not building concessions on one level, but both at the same time. Coach Robichaux was willing to move forward without the brick façade originally.

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