Re: UAB's Practice Facility
Posted: Wed Jul 19, 2017 12:18 pm
Can you imagine the Park Cities [deleted] if we put up a shed like UH or UAB-there is no way either would get approved by the City Council anyway
RGV Pony wrote:...aaand we still owe 4 million on the tennis facility and 3.8 on the natatorium
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One Trick Pony wrote:Who's RVG?
mtrout wrote:This is a reminder. It's not 1983 anymore.
kc711 wrote:RGV Pony wrote:...aaand we still owe 4 million on the tennis facility and 3.8 on the natatorium
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RGV -The reason that those sums are owed on those two facilities is because SMU has a very generous policy of beginning construction of buildings when 80% of the cost has been committed. (Other universities have more strict policies of requiring 100% of the cost committed.) The same 80% standard applies to the IPF facility, with any more generous changes to enhance the chances of reaching the required 80% level. So, if the IPF is built, money will still likely need to be raised to close the 20% gap. The IPF is no different than the tennis and swimming facilities. Thus, I do not understand the point of your post.
Also, Stallion is spot on when he says the supporters of the swimming and tennis programs stepped up to reached the required 80% commitment level to construct those facilities. Thus, I do not understand the continued reference to those facilities when football supporters need to complete the commitments required to begin construction of the IPF. It is an entirely separate issue.
Also, I think it is helpful to keep in mind that the tennis team had no on campus practice facilities for at least two years, and the swimming teams have been practicing in out dated facilities for the last 30 years, and with no permanent indoor practice facilities for the past 3 seasons.
RGV Pony wrote:...aaand we still owe 4 million on the tennis facility and 3.8 on the natatorium
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SoCal_Pony wrote:RGV Pony wrote:...aaand we still owe 4 million on the tennis facility and 3.8 on the natatorium
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You have to admire a school like SMU.
They just dropped over $40M on Swimming & Tennis facilities (I am assuming land costs do not factor into the 80% rule).
To put some perspective on this, there are 3 schools in the AAC that have total endowments under $200M.