I mean, what are the tangible benefits really that actually have true value? I know many of you get upset when PSU fans say "Pitt rents the Steelers stadium" (when in actuality, both are tenants, both had input into the designs, etc). But really at the end of the day, what are the benefits? Maybe a few more students at the game? Maybe. Payments are certainly going to cost more on the debt that what we pay annually for Heinz. Is that worth funding $500 million or so for 7 games a year and then sit idle? This isnt middle of nowhere podunk PA where you can buy a cow pasture for $20 per acre and erect some bleachers and concrete. A lot of the valuable space in Oakland also gets gobbled up typically above market prices. A good recent example of this is Pitt paying over $7 million for a two story building on Forbes that had Chipotle on the street level.
Short of a wide spread massive arson fire that takes out all the houses and people living in South Oakland, there will not be room for a stadium any place better than what we have at Heinz Field. And even if the massive fire takes out everything, we still have to purchase the property before we even start construction. We also would likely not be the only people looking to purchase swaths of that land with other businesses, the academic side, UPMC, real estate investors, Pitt housing, etc. I honestly think $500 million is a bare-minimum price Pitt would be looking at.