2013 Athletic Department Business (Big House Paint Job)
The Regents meeting June 21 included a $200m AD construction proposal, which includes:
- $6m worth of paint for Michigan Stadium
- $4m in non-specified scoreboards
- $9.5m for a Field Hockey facilities renovation
- $3m in Alumni Field facilities expansion
- $12m for Lacrosse locker room and facilities
AnnArbor.com is reporting several much larger expenses on the table for 2015, 2016 and 2017, although I'll leave that to the link.
Also, the Regents approved the 2012-2013 Athletic Department fiscal budget. Here's a PDF of the budget.
Thats a lotta paint...
comments like these are reason the score limit of 5 drives me nuts.
The comments below the AA.com article are hilarious. Ann Arbor at its best. "Use the money to lower tuition!" "Give it to the poor!"
Not mentioned in the article is a lacrosse stadium of sort, which will also be necessary. And probably not cheap.
LOL yep, the comments are way more entertaining than the article itself. They make it worth the click-through.
National championship or conference championship years on the boxes?
but make the heads Mt. Rushmore sized so the field lights can beam down through their eyes like lasers. And make them anamatronic/remote controlled. That way come November. a 40ft tall Bo head can be glaring down on the Ohio State sideline saying "I'M LOOKING AT YOU URBAN!"
Obviously, the Regents may not approve everything as presented, or potentially at all depending on the project, but I sort of understand why the smaller projects are at the front of this plan, given that Crisler is starting to hit their debt service projections significantly. I assume it is because they are trying to keep within earshot of the current debt numbers and feel that this is what they can comfortably allow and still keep having operating surpluses. Some of the items, like the painting, will probably come from the deferred fund, I bet, so hopefully the operating income stays above projections.
If all the revenue sports continue to be successful and the "favorable licensing results" persist (I imagine the revamped marketing arm of the department was built with this in mind - I wouldn't put it past our fearless AD to know this was coming), then that might not be too much of an issue, especially you read that premium seating added at Yost for FY 2013 is "essentially sold out". If they manage it carefully, the demand is there for Brandon to keep making these improvements, and really, it is all part of the idea that we should remain attractive to top talent anyway, and I don't think many would disagree with doing that.
It would be interesting to see the whole budget to decipher all of the assumptions in this proposal though.
See page 11 of this PDF on the athletic department budget that was posted by the Ann Arbor Chronicle. The funding source is listed for each project, and for only two of the items is long-term debt listed. One big variable is how much they can secure in "gifts."
Does anyone know which sports would be using the $30 million "multipurpose competition arena" scheduled for construction in 2017?
That the smallest projects projects will come from the deferred fund and the largest will go to long-term debt is more or less along the lines of what I was thinking, but it helps to see some detail. I was wondering if they were looking to control the debt servicing by doing something like this, but it is right here basically. Thanks for this.
Budget projections for preferred seats and expendable gifts were at $27.4 million for the approved FY 2013 budget, and if they can stay in this range with reasonable increases year-over-year, it seems to me that many of the other projects can be covered provided revenue from this line is not otherwise committed.
2. Glick cost ~$30m in comparison. Like whoa.
3. I don't even want to think of ticket prices at the end of this decade
A huge difference.
I thought we had made it a MGoRule never to refer Schembechler hall as "schemmy hall"
Are they going to paint the brick? My neighbor just did that in a lovely canary yellow. Looks swell.
They're ice plants
ARGH!!! There Brandon goes again trying to kill all tradition. That paint has seen so much and it's shameful that it must go after a gloriously rich (no pun intended)...15 years...or something.