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FAU not ready for stadium financing plan; but hopeful project remains on time

Will the on-campus stadium be ready in time for the 2011 home opener?

Signs point to yes
Don't count on it
Ask again later
I bet Angelos' job, it will be
Lockhart 4 Life

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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

FAU not ready for stadium financing plan; but hopeful project remains on time

If it opens mid-season, that means the our first on-campus game is going to be against a team like N. Texas or ULL… A game that won't sellout and the classic opening kickoff photo taken at every stadium opening will look like $#!^.
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Re: FAU not ready for stadium financing plan; but hopeful project remains on tim




Everyone is allowed their opinion.  My beef is with people that are going to withhold money as a form of punishment because the stadium isn't completed on their timeframe and without offering a clue as to how to get it done.  "Just get er done" is not a great financial plan.  Sorry.  The alumni association is not the unit that raises money for the stadium so the whole conversation was just silly.  That tells me that someone doesn't understand how the money is raised and yet criticize the entire process.

Opinions are great and be prepared to debate them.  It's not the amount of donation that allows for opinions, its the point of how does this opinion tie into raising the capital necessary to build a $65M stadium.  Revenues have to come from somewhere.  Donations are a part of it.  Withholding money to make a point will never be part of the solution.  No matter how you spin it.

As far as Angelos being fired…he got the dorm revenues tied into the financing of the stadium.  That is good revenue that most schools would have been selfish and not allowed.  Very creative in my opinion.


It seems that all of the sudden; we all are financial gurus and know how to build a stadium from scratch. I agree with FAUowl in every sense.
There is also  a statement about us comparing to FIU. Why are we comparing ourselves to this school?
They have 40 K students and 150 K alumni, besides they had a small stadium on campus and they built a 18 K seats stadium which is not finished yet. (remember the press boxes)?
FAU is building something twice the size of their stadium, it costs more money and probably will be fully completed.
Be patient and don't stop supporting the program. In the end the only ones you are affecting are the school, the program and yourself.
Just relax!
Get your brick, buy your tickets, attend the games and be supportive!
BTW, don't forget to get your FAU license plate.

GO OWLS.
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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

fauowl said

walty12 said

fauowl said

The said

fauowl said

I think they should plant money trees on campus and harvest them.

Where do you all think $65M comes from, the sky?  Why do so many feel entitled to just have this kind of money bestowed on them as a fan?

Don't join the alumni association or donate any kind of money, that will help.  Take the money you save by not donating to FAU and buy a clue.

Yup, here we go…..The "fau can do no wrong" crowd…..All you need to do is look at "Your next burrow will be completed in" sign that is still erected across the street from the fitness center to see the track record.  Don't get me wrong FAU has grown by leaps and bounds since I came here but seriously it's like a broken record when it comes to this damn stadium.

Actually I criticize FAU whenever they need it.  This isn't one of those times.  I also criticize fans that feel this entitlement because they buy a ticket and think they deserve something for nothing.  Business does not work that way.  If you make $40k a year, you don't buy a $4M home.  Its common sense.  There needs to be a plan and frankly, I am proud that my university wants to ensure fiscal responsibility before acting.  This will get done.  And we should all be thrilled it only took a decade, honestly.  We should be happy it happened at all.  To advance to where we have advanced in 10 years has never ever been done before.  There is a reason for that.  It is not easy.
With the budget we have, I am amazed we have accomplished most of what we have.

But whatever you do, don't give any money to FAU.  You spend $300 per year on the athletics program and you deserve a $65M stadium.

This post makes absolutely no sense.  First, you going to start telling people "you pay $1,500 a semester in tuition and you expect expensive buildings to take the class in?  Secondly, if this fan does spend $300 a year on the athletic program then yes he does have the right to have opinions and expectations regarding the athletics program.

You have a bottom line on what the average fan has to spend before having an opinion on having a stadium?  If I spend $2,000 a year can I complain about our incompentancies?

Everyone is allowed their opinion.  My beef is with people that are going to withhold money as a form of punishment because the stadium isn't completed on their timeframe and without offering a clue as to how to get it done.  "Just get er done" is not a great financial plan.  Sorry.  The alumni association is not the unit that raises money for the stadium so the whole conversation was just silly.  That tells me that someone doesn't understand how the money is raised and yet criticize the entire process.

Opinions are great and be prepared to debate them.  It's not the amount of donation that allows for opinions, its the point of how does this opinion tie into raising the capital necessary to build a $65M stadium.  Revenues have to come from somewhere.  Donations are a part of it.  Withholding money to make a point will never be part of the solution.  No matter how you spin it.

As far as Angelos being fired…he got the dorm revenues tied into the financing of the stadium.  That is good revenue that most schools would have been selfish and not allowed.  Very creative in my opinion.

I agree with this post. 

Teambeer is the most knowledgeable FAU sports fan I know, way smarter than me.
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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

The only thing I am Jealous of FIU in any regard IS thier stadium.

Not because its so great, but because THEY had a plan in place to get it done, Stuck to it and made it happen. Whether it was the right or wrong plan financially is not my question. THEY GOT IT DONE.

THAT is the vision that FAU missed out on.  The FAU administration hung its hopes on donations and naming rights figureing that in very affluent Palm Beach county someone or some corporation would be willing to step up. The back up plan was thier for the Developmental rights but they kept putting that off too. There should of been a drop dead point which was probably Early 2008 that if no donor came thru the developmental deal would be struck THAT MONTH. Instead they delayed that a year which cost us 2010. And now it seems like we might lose 2011 as well.

They just havent budgeted thier time very well on this and have since pissed off the Fan Base as meager as that is right now.

To have a Football team garner all the acomplishments it has AND play in the WORST facility in all of College football and many high school stadiums (Yes Im including FCS in that too) is a DISGRACE.


I have come here to chew bubble gum and kick @$$ and I'm out of bubble gum.

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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

I think this delay is a positive and to our advantage.  We are not going to the Board of Governors until June no matter what so whether they pick a finance plan yesterday or next month makes no difference.  Why not negotiate better terms in that timeframe if you can.  If we can save a few bucks, I don't see the problem.

I think FAUs mistake was releasing a timeline and saying that the finance plan would be settled now.  It doesn't have to be settled now.  It has to be settled by the time they meet with the BoG in June.  FAU cannot win in this situation…if too much information is released, it causes problems, if they say nothing, everyone gets upset because they think nothing is going on.  WE all want this darn stadium…

In June, if the BoG approves everything, no one will care about when they negotiated and finalized the financial plan.  There are multiple banks interested in this business.  That is a good thing.  Now we can get the best deal available.
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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

No surprise as far as I am concerned. The way this thing has been going this should be expected.

On a related note, where is the "I bet Angelos' job it won't be" choice? That would be my choice.

GO OWLS!!!

2017 and 2019 Conference USA Champions
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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

fauowl said

Everyone is allowed their opinion.  My beef is with people that are going to withhold money as a form of punishment because the stadium isn't completed on their timeframe and without offering a clue as to how to get it done.  "Just get er done" is not a great financial plan.  Sorry.  The alumni association is not the unit that raises money for the stadium so the whole conversation was just silly.  That tells me that someone doesn't understand how the money is raised and yet criticize the entire process.

Opinions are great and be prepared to debate them.  It's not the amount of donation that allows for opinions, its the point of how does this opinion tie into raising the capital necessary to build a $65M stadium.  Revenues have to come from somewhere.  Donations are a part of it.  Withholding money to make a point will never be part of the solution.  No matter how you spin it.

As far as Angelos being fired…he got the dorm revenues tied into the financing of the stadium.  That is good revenue that most schools would have been selfish and not allowed.  Very creative in my opinion.

Financing the stadium with revenues from dorms was not creative. It's a scaled down implementation of what UCF did. As others have pointed out, we delayed implementing this plan for years as well.

Regarding donations:
1. Student fees for athletics are mandatory and outrageous. How much do you pay a year to see the Dolphins, Panthers, Marlins, or Heat play?
2. The administration has not rolled out a full fund drive for the stadium because there still is no finalized plan. You can't donate to something nebulous and undefined. Until a the stadium is finalized, there is nothing to donate to.

There are plenty of ways to donate to FAU that will have had a real impact on the past decade of students.
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Re: FAU not ready for stadium financing plan; but hopeful project remains on tim

The said

Honestly,  I will not join the alumni association until this school gets it's s**t together and has a game on campus.  We have to have some of the worst leadership as far as marketing, planning, and athletic operations go.  Enough of this "well you know the economy blah blah blah"  GET IT DONE!!!!

As mentioned above, the Alumni Association is a separate organization from the Foundation at FAU. They support each others efforts, yes, but the money given to each goes different places. The Alumni Assn is organized to keep you connected to your university, hosting events throughout the year that with your membership, you get invited to, wherein you can enjoy the opportunity to meet and mingle with other alums. There are constituent groups that have specific missions that you can join as well, the Broward County Burrow is a great example, if you live or work in Broward, there's an alumni association just for you, they have their own events and everything, but they're still tied into the bigger picture. Some of the membership dues go to a scholarship fund for some very deserving students as well, last semester they provided schollys to 8 students IIRC.

So when the stadium gets organized, they will start a major campaign where "the little guy" can send a check for $100 if they want to help, though I'm sure right now they'd take that money too. The alumni association is like a "club" that you become a member of and get to stay connected to some great things at FAU. Don't hold it against the Alumni Assn that the stadium isn't built.

ps-I don't know how they're going to work this but I'm sure the Alumni Center will be used "for members only" tailgates before home games once the stadium is on campus, which is just one more reason to join.  ;)
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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

Lm77 said

Regarding donations:

2. The administration has not rolled out a full fund drive for the stadium because there still is no finalized plan. You can't donate to something nebulous and undefined. Until a the stadium is finalized, there is nothing to donate to.

You can donate to the stadium…

Follow this link and check on the drop down box and you can earmark your funds directly to whatever is important to you, including the stadium.  I always just use the FAU Athletic's general fund, but the stadium is listed, or you can just pick a single sport, etc.

We all want to make a difference…here we go!!!  Florida Atlantic University Foundation, Inc.
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Re: FAU not ready for stadium financing plan; but hopeful project remains on time

fauowl said

I think they should plant money trees on campus and harvest them.

Where do you all think $65M comes from, the sky?  Why do so many feel entitled to just have this kind of money bestowed on them as a fan?

Don't join the alumni association or donate any kind of money, that will help.  Take the money you save by not donating to FAU and buy a clue.

Apparently you can build a high school stadium in Allen High School, suburbs of Dallas, Texas for $ 60 mil. And they also got public funding.  :-\

Beware the talons of the Mighty Owls!
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