Some of you are clamoring for a new or vastly improved Peden based on what? Two sellouts a year at best? The old girl needs work, but I don't think it's very prudent to spend money on something that gets filled two times a year to watch a team that loses money no matter how well they do. This year we'll have six home games. Two will be on Tuesdays in November will well under 10,000 actual humans in attendance. I'm glad we're addressing the scoreboard and I'd love to have new everything, but until we get our own Phil Knight or T. Boone Pickens, I want to see our limited resources used more wisely.
Anyone who wants a new stadium: Are you aware that Akron is cutting jobs in part to service debt on their $61 million stadium? Cincinnati gambled big on renovating Nippert, dropping more than $85 million. They're not even in a P5 conference anymore, and that university has more than a billion in debt right now. I'd much rather have creaking ancient Peden without tens of millions in debt for a building that's used six times a year to play a sport that has an uncertain future.
I say all that as a season ticket holder and frequent donor.
http://www.cleveland.com/datacentral/index.ssf/2015/07/un... So I recently found this PHENOMENAL article from over the summer on Ohio public college athletics spending and thought you all might find it interesting, especially on the slide deck you can scroll through to show the comparative spends on different categories. The image that stands out to me is the debt service number for athletics at the various campuses: tOSU- $191MM, UC- $139MM, Kron- $68MM, etc. Lil' ol' OHIO only $2.6MM! I'm damn proud of that number, considering nearly all cap ex is paid by donations, not debt on the Foundation.
Say what you will about student subsidies and the like, but the fact that we only have $2.6MM in debt tells me we have our priorities in order. Don't get me wrong, I believe we could/should be making some capital improvements, especially at the low cost of money in this economy, but not at the level of many of those other institutions, and certainly not with borrowing nearly all the funds to complete the projects. Leave the major debt service to items like the dorm replacements and other deferred maintenance projects that are being executed in the master plan. Just my $.02.