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Thread: Jay getting ready to talk Tigue

  1. #141
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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?

  2. #142
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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 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 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.

  9. #149
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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

  10. #150
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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.

  13. #153
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    Ragin' Cajuns 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?
    Monkee, I think you may have the cart before the horse here. I believe that Russo pledged 5MM in matching funds; then we got pledges for $5MM or $6MM, collecting only $2MM. Russo forks over the first $1MM of his pledge.

    We now have $3MM banked, $3MM or $4MM pledged from non-Russo sources, and complete uncertainty as to whether we will ever get another nickle out of Russo, because of his legal issues.

    All or some of the uncollected pledges may have stipulations about RCAF separation as a condition of payment, which could affect our ability to collect them.

  14. #154
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    Default Re: TIGUE UPDATE?

    Quote Originally Posted by Rougarou View Post
    Did he mention "rumor" that we only had 3 million collected so far?
    It's no rumor unless you are calling a $50K donor to the Tigue Moore project a lier!

  15. #155
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    Default Re: Jay getting ready to talk Tigue

    Quote Originally Posted by ragin2112cajun View Post
    That's why for me "The Voice" of The RaginCajuns will always be Don Allen. Not The Puppet BOP.
    Me too....I just had more ear time with Don than bop because I was overseas a long, long time.

  16. #156
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    Default Re: Jay getting ready to talk Tigue

    This is all really exhausting to follow.


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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?
    You will never find a fund raiser that goes in promoting or explaining fallback options.

    Project fundraisers go in with big promises and an intense sense of urgency.

    Trickle down urgenomics and recent memories of various delays created the recent mood on RP and on Birds Eye View today.

    But to answer your question, no fund raiser will ask for money and offer up the option of borrowing money.

  18. #158
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    Quote Originally Posted by CajunT View Post
    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.
    Donor funded" doesn't mean "no loan/bond."

  19. #159
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    Quote Originally Posted by Turbine View Post
    You will never find a fund raiser that goes in promoting or explaining fallback options.

    Project fundraisers go in with big promises and an intense sense of urgency.

    Trickle down urgenomics and recent memories of various delays created the recent mood on RP and on Birds Eye View today.

    But to answer your question, no fund raiser will ask for money and offer up the option of borrowing money.
    I agree he should never offer fall back of borrowed money... First, that borrowed money should have been secured very long ago and should have always been a phone call away. Second, borrowing money was never part of the plan. Third, if you want to talk about all this silent phase nonsense and you never get to the public phase... You better make sure that exactly what is happening now doesn't happen... Which is why what i said first is most important. You have embarrassed one of the best men at this university and a fan base that always wants to give and help. All of this quiet, gag order bullsht... Can you imagine what tony has been going through for the past couple weeks? While our AD is on vacation? And mr moon tried to be a smart az about that too... Uh yeah Scott is on vacation... I take them too. Well mr moon would you schedule a vacation for the weekend of the new orkeans bowl? Would you schedule a vacation during any of the conference tournaments? How about Omaha, why don't you schedule a vacation somewhere else every year during the college World Series.

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    Quote Originally Posted by AstroCajun View Post
    This is all really exhausting to follow.
    Here's everything you need to know:

    - We are building a $17 million dollar stadium.

    - It should be completed a few weeks into the start of the baseball season.

    - It will be freakin sweet.

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