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Carrier Dome naming rights article
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[QUOTE="Townie72, post: 1792197, member: 780"] This whole thing has problems way beyond beating Carrier out of the naming rights the University agreed to. $200M and no increase in capacity? How's that make financial ssense? Athletics at SU barely breaks even now. And as far as I can read, they don't have a nickel yet to pay for this. Remember, in building the Dome originally, they had a majority of the money first ($15M of the $26M came from the State before they started knocking Archbold down.) Luxury boxes? Maryland spent $50 M to add luxury boxes and amenities to Byrd Stadium along with 4,000 additional seats. Guess what. It's been a disaster. No one will buy/lease to luxury boxes. And there's a whole lot more money in Balt-DC than there is in CNY. Government Money? What Government money is that? I suspect they'll be a political fight over spending NYS tax dollars on a private university. It got through unnoticed in 1979. It's a different era now. Universities make these kind of announcements all the time. But they are more like "goals" than real plans. Six or seven years ago, Maryland announced to some fanfare that they were going to spend $1Billion to develop the East side of US#1, Nothing has happened. Why not? Couldn't identify funding. Forget the naming rights and worry about the 10's of millions they want from the State and from unknown donors. The naming right at $1M per year for 10 years isn't 5% of the cost. This thing has way bigger problems than that. [/QUOTE]
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