Philly mayor-elect wants to know more about Pitt-Steelers@Heinz

[ClarkLotTgate]

I looked but couldn't find anything on how much Akron borrowed in loans etc vs. how much funding they raised in donations to fund that stadium. which in the end is the key. There's nothing wrong with building a 60-80 mil stadium on campus if you can be realistic with how much is being borrowed.
Example of doing it well: Tulane- 100% privately funded 30k seat stadium
Others that aren't having $ issues: FAU (borrowed 63% of the cost, but haven't sold naming rights yet, which will affect that %)

As long as Temple builds their repayment/debt around realistic projections on revenue from attendance and AAC tv deals, it'll be fine.

 

[HailtoPitt]

I looked but couldn't find anything on how much Akron borrowed in loans etc vs. how much funding they raised in donations to fund that stadium. which in the end is the key. There's nothing wrong with building a 60-80 mil stadium on campus if you can be realistic with how much is being borrowed.
Example of doing it well: Tulane- 100% privately funded 30k seat stadium
Others that aren't having $ issues: FAU (borrowed 63% of the cost, but haven't sold naming rights yet, which will affect that %)

As long as Temple builds their repayment/debt around realistic projections on revenue from attendance and AAC tv deals, it'll be fine.

This is correct. The amount that could be raised privately, and accurate revenue projections, is what matters. Of course, people here believe that every dollar raised for a stadium is one dollar not raised for something else.

 

[ThePanthers]

I looked but couldn't find anything on how much Akron borrowed in loans etc vs. how much funding they raised in donations to fund that stadium. which in the end is the key. There's nothing wrong with building a 60-80 mil stadium on campus if you can be realistic with how much is being borrowed.
Example of doing it well: Tulane- 100% privately funded 30k seat stadium
Others that aren't having $ issues: FAU (borrowed 63% of the cost, but haven't sold naming rights yet, which will affect that %)

As long as Temple builds their repayment/debt around realistic projections on revenue from attendance and AAC tv deals, it'll be fine.

Cool. Let's lose some recruiting edge by building a cheap stadium like MAC and Sun Belt or whatever the hell FAU is in.

If we ever do build an on campus stadium, I hope it is done right.

 

[ClarkLotTgate]

Oh totally agree, i'm speaking for Temple's stadium situation.

Pitt would be in an entirely different market in terms of stadium cost, since the 45-50k stadium would be the correct size, plus the obvious land acquisition issues.
Baylor: 45k seating (expandable if needed someday)
Cost: 266 million ($125 in donations/pledges, $35 from the county/city)
-they had to do some physical site improvements, but it wasn't like what would need to take place in the oakland part of town.

I honestly hope we dont need to ever worry about this, but Heinz is at it's designed half-life. Should the Steelers move out of the city, and go to a suburban location, Pitt at least needs to keep the possibility in the back of their minds. I don't think the Steelers will relocate out of the Northshore, and would more likely do massive rennovations to heinz..but who knows.

 

[ClarkLotTgate]

If you're bored and wanna read about how Baylor went from no real plans to a great stadium in such a short time: http://www.wacotrib.com/sports/bayl...cle_2114e3d8-f142-5563-9137-e493b9bb1527.html

 

[ThePanthers]

Oh totally agree, i'm speaking for Temple's stadium situation.

Pitt would be in an entirely different market in terms of stadium cost, since the 45-50k stadium would be the correct size, plus the obvious land acquisition issues.
Baylor: 45k seating (expandable if needed someday)
Cost: 266 million ($125 in donations/pledges, $35 from the county/city)
-they had to do some physical site improvements, but it wasn't like what would need to take place in the oakland part of town.

I honestly hope we dont need to ever worry about this, but Heinz is at it's designed half-life. Should the Steelers move out of the city, and go to a suburban location, Pitt at least needs to keep the possibility in the back of their minds. I don't think the Steelers will relocate out of the Northshore, and would more likely do massive rennovations to heinz..but who knows.

Gotcha. I agree with this. And I don't see the Steelers moving out of the North Shore anytime soon.

 

[upj87]

Its going to be super cheap, no frills. Pretty much like a HS stadium with 30K seats. They can do that for $100 million.

120 yards of field with two goalposts...seats.....a place to take a wiz...what other frills are required?

 

[HailtoPitt]

120 yards of field with two goalposts...seats.....a place to take a wiz...what other frills are required?

Some people want urinals on the back of each seat, so they don't have to walk to the bathroom.