They are building a new football complex, but won't really improve the stadium overall:
One person with knowledge of the details characterized the improvements planned for the other parts of the stadium as deferred maintenance and not an overhaul of the existing stadium infrastructure.
Last edited by RE Tycoon on Thu Oct 20, 2011 2:29 pm, edited 1 time in total.
crazy how much all this realignment has so much to do with timing. a few years ago we would have been lumped with them, Tulane, UAB, Tulsa. Now, Memphis and ECU stink and they don't even seem to be on anyone's radar.
Thank the Lord for SO, JJ, Circle of Champions, et al
When Rice Stadium opened in September, 1950, I was an 18 year who had a job ushering in the upper deck. Patty Page sung the National Athem and forgot the words. The fans, a full house of 75,000 help her along. In those days everyone dressed up for the game and the men wore hats. My job was looking for all the fake items that really held booze. Yes, I was a freshman, but later transferred to SMU. Them were the days.
They are building a new football complex, but won't really improve the stadium overall:
One person with knowledge of the details characterized the improvements planned for the other parts of the stadium as deferred maintenance and not an overhaul of the existing stadium infrastructure.
sounds to me like they are calling it deferred maintenance because they want to expense the cost in the year it is spent rather than a capital improvement that would have to be depreciated over 39.5 years.
but what do accountants know about running a football program?
Ok this is getting ridiculous...I agree with Dutch on THIS ONE POST by him totally
Rice Stadium is still one of the finest around. The stadium needs a team and that will never happen. Comfortable stadium - good sight lines - nice concourses - good concessions - beer - plenty of parking (even if they had a crowd of 50,000). I have sat there during a timeout wondering what it was like with a capacity crowd cheering for Rice. Amazing that it was built for the Rice Owls - I guess it parallels the construction of two upper decks on the Cotton Bowl so it could accomodate all of SMU's fans.
I love the fact that Corp is now reduced to stadium smack...and bad stadium smack that ignores economic realities of inflation and the increase in construction materials prices at that.
And it is more expensive to "rehab" and call it deferred maintenance than to raze and start from scratch. But for the fact that they can expense maintenance in the year they spend the money rather than depreciating it over 39.5. HUGE benefit for reporting purposes.
Ok this is getting ridiculous...I agree with Dutch on THIS ONE POST by him totally
ponynut wrote:When Rice Stadium opened in September, 1950, I was an 18 year who had a job ushering in the upper deck. Patty Page sung the National Athem and forgot the words. The fans, a full house of 75,000 help her along. In those days everyone dressed up for the game and the men wore hats. My job was looking for all the fake items that really held booze. Yes, I was a freshman, but later transferred to SMU. Them were the days.
