May 17, 200818 yr 1. If the tickets sales were going well, or even already sold, why would they downsize the stadium? Think how much money they are losing in the long run. 2. What are the 5,500 UL fans who were going to see the games in the original sized stadium going to do now that their seats have been eradicated? I could be wrong, but if TJ had those tickets sold or close to sold, that stadium is being built at 62,000. No it is because the price increase caused too big a hit on the front end.
May 17, 200818 yr Author No it is because the price increase caused too big a hit on the front end. What do you mean by "on the front end?" I'm pretty sure most of the stadium is being financed by long term bonds. Plus $13 million is from Papa John's and Sun Tan City. You don't believe that UL has to pay the difference when the stadium opens do you? I'll ask this again: If the tickets sales were going well, or even already sold, why would they downsize the stadium? Think how much money they are losing in the long run.
May 17, 200818 yr Author Is the downtown basketball being scaled back? It is not. I wonder why? I guess those tickets aren't selling well and the materials used for that arena are immune to the "cost increase." :lol:
May 17, 200818 yr It is not. I wonder why? I guess those tickets aren't selling well and the materials used for that arena are immune to the "cost increase." :lol: The cost increase was caused by the GA's delay in approval for the expansion... no such problem for the downtown arena.
May 18, 200818 yr The cost increase was caused by the GA's delay in approval for the expansion... no such problem for the downtown arena.Another example of the bluenecks in Frankfort sticking it to UofL. If it were to use state funds to build a UK basketball coach's summer home, it would be first thing on the ballot.
May 18, 200818 yr Author The cost increase was caused by the GA's delay in approval for the expansion... no such problem for the downtown arena. Weren't there delays in building the arena as well? I thought the CJ had an a article explaining how the cost has gone up by about 90 million? I'll try to find the article. I assume no one can answer this question: If the tickets sales were going well, or even already sold, why would they downsize the stadium? Think how much money they are losing in the long run.
May 18, 200818 yr I assume no one can answer this question: If the tickets sales were going well, or even already sold, why would they downsize the stadium? Think how much money they are losing in the long run.Perhaps you are right but we simply don't know, its pure assumption. It could just as well be a factor that the initial financing for the stadium was at the very maximum they could achieve, especially considering the building of the basketball arena. An additional 10 million dollars isn't exactly a drop in the bucket, and there are defiantly risks associated (i.e losing seasons, very bad weather) that can effect the income of the football program. So while you are right there would be long term loss if the games attract 60,000 fans causing many not to attend, they simply might not be in the current financial position to achieve that financing.
May 18, 200818 yr Another example of the bluenecks in Frankfort sticking it to UofL. If it were to use state funds to build a UK basketball coach's summer home, it would be first thing on the ballot. You may be right. Just think how long (and how many indictments) it took the state to get the Kennedy Bridge painted.
May 18, 200818 yr I assume no one can answer this question: If the tickets sales were going well, or even already sold, why would they downsize the stadium? Think how much money they are losing in the long run. Why do you keep asking that question? Why do you really care. I believe that they bit of more than they could chew initially. I think they would stay with the original size, but the extra costs made the decision to downsize, easier.
May 19, 200818 yr Author ^Because 02Ram54 said the decreased ticket sale comment "didn't make sense." TheDeuce echoed his opinion. And ram95 believed the price increase caused the downsize, not the ticket sales. Everyone wants to blame the state for the downsize but the real blame should be on the fans for not buying the tickets, or the University for overselling the capacity/demand.
May 19, 200818 yr Everyone wants to blame the state for the downsize but the real blame should be on the fans for not buying the tickets, or the University for overselling the capacity/demand.You don't know that.
May 19, 200818 yr Author You don't know that. Alright. I'll keep looking for the outrage story on the news, internet, Courier-Journal, insidetheville.com, et al from just one of the 5,500 ticket holders who just lost their tickets for the expansion seats. If TJ had the tickets sold, the stadium is being built at 62,000. It's time to take off the red colored glasses.
May 19, 200818 yr Alright. I'll keep looking for the outrage story on the news, internet, Courier-Journal, insidetheville.com, et al from just one of the 5,500 ticket holders who just lost their tickets for the expansion seats. If TJ had the tickets sold, the stadium is being built at 62,000. It's time to take off the red colored glasses. Um well... it is currently 2008, the new seats aren't supposed to be there until the 2010 season. Nobody is buying season tickets for 2010 yet. The best you can do right now is put your name on the 2008 waiting list and contribute to the CAF to get points to give you a better selection of seats when the new ones open up.
May 19, 200818 yr I really don't care, I am glad they are expanding either way. The bball stadium is 100% a go now, so the Cards have EVERYTHING going their way regardless of how some would like to spin it. Some of you might not remember the days of the "Red Rage". 5000 was considered big time. The smell of farm animals at the old stadium still brings back memories. Congrats Louisville you've come a long way.
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