UH approves bball arena renovations

[skyscraper]

Joseph Duarte ‏@Joseph_Duarte
. @UHouston approves go ahead for $60 million design and renovation of Hofheinz Pavilion. UH has received anonymous lead gift of $20 million

Joseph Duarte ‏@Joseph_Duarte
Completion of Hofheinz Pavilion renovation project expected to be done in time for 2018-19 season

Joseph Duarte ‏@Joseph_Duarte
The project is called Basketball Arena Renovation Project. The name Hofheinz Pavilion will go away with $20 million anonymous gift

[SMU 86]

UH raising their FB coach's pay to 3 million at year and now this. If we can get an IPF built soon maybe we can get some P5 attention.

[RGV Pony]

Anyone think we will soon be talking about UH "getting it back in 2015" the way we talk about TCU getting it starting when they hired Fran?

[Stallion]

UH did it through student fees from a large student body financed over decades-an advantage a small private school doesn't have. Alumni are going to have to foot the bill for SMU to get to the next level.

[smupony94]

UH did it through student fees from a large student body financed over decades-an advantage a small private school doesn't have. Alumni are going to have to foot the bill for SMU to get to the next level.

I can't find the post but a Rice fan did an analysis and found that this along with the stadium has some money being shifted from university funds.

[footballdad]

UH did it through student fees from a large student body financed over decades-an advantage a small private school doesn't have. Alumni are going to have to foot the bill for SMU to get to the next level.

'Anonymous lead gift of 20 million'

Houston about to distance itself from the rest of the pack if Herman stays.

[Mustangsabu]

Probably trying to keep Herman from some other sniffing schools


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[smusic 00]

What did moody cost? 47 mil? What could they possibly add for that much more? (Serious answers only, Asian massage parlors are not included)

[friarwolf]

Its an old facility to begin with so asbestos remediation, all new wiring, ADA additional compliance, all new fire code renovations, etc, etc.......Hell, the sound system alone will be 5MM or higher??

[DanFreibergerForHeisman]

Plus it is a horrible design not at all conducive to basketball viewing. Maybe they will actually get some seats more than 30 feet from the floor.

[Fresno Mustang]

Plus it is a horrible design not at all conducive to basketball viewing. Maybe they will actually get some seats more than 30 feet from the floor.

Don't know if that's a good thing since someone threw something at LB when we were down there two years ago. Any closer and he would have hit him

[tristatecoog]

UH did it through student fees from a large student body financed over decades-an advantage a small private school doesn't have. Alumni are going to have to foot the bill for SMU to get to the next level.

For the $60MM arena:
Lead anonymous gift of $20M for Center naming rights.
$2M gift for Court Side Club naming rights from Mr. and Mrs. Howard and Jamie Lorch
An ask of $5M for floor naming rights to be answered by EOW.
$4.5M still remain as 'worst case scenario' from student fees pending settlement from TDECU.
$10M to come from Alumni Athletic Center debt services coming off the book 17-18 season and roll into athletic operating budget.
$18M left to be privately raised

Herman's $3M and other asst coach increases is coming from private sources.

TDECU Stadium had a lot of student funding and debt service. Fortunately, the students voted to pay an extra stadium fee in 2011 during Case Keenum's last year.

Doesn't SMU take $18M or so out of its budget to fund athletics each year? Essentially, that comes from tuition and fees, or unrestricted private donations. And, yes, UH has a large annual deficit as well.

[mrydel]

You gotta have a lot of money to spend $20,000,000 for naming rights anonymously.

[RGV Pony]

So it will be called Anonymous Arena?

[mrydel]

Maybe they will hack the tv feed