PonyFans.com

Too little, too late Rice...

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.

I wish Rice well. There is still the chance they are our conference mates for a while.

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

CoxMustangFan wrote:

ponyinNC wrote:Thank the Lord for SO, JJ, Circle of Champions, et al

+1

+2

SMUmustang02 wrote:

CoxMustangFan wrote:

ponyinNC wrote:Thank the Lord for SO, JJ, Circle of Champions, et al

+1

+2

+Thaddeus

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.

RE Tycoon wrote:Too little, too late Rice...

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?

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.

It's surprising, that the $40 million commitment to refurbish Rice Stadium

is only a little less than the total amount that SMU spent in constructing

Ford Stadium. Of course, Rice's stadium is constructed of concrete, while

Ford is composed of aluminum bleachers covered with a brick facade.

It's not surprising at all really

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.

Spoken like a former accountant

Corp wrote:It's surprising, that the $40 million commitment to refurbish Rice Stadium

is only a little less than the total amount that SMU spent in constructing

Ford Stadium. Of course, Rice's stadium is constructed of concrete, while

Ford is composed of aluminum bleachers covered with a brick facade.

SMU 40- TCU 33

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.

Cool story, thanks for sharing