Orangeyes
R.I.P Dan
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The dome is the Berlin Wall of that campus. Granted its really only Esf and a couple of not very nice dorms that are separated. But it creates wind tunnels and the outside is not pedestrian friendly. I love the dome but if its going to be replaced then that real estate is way too valuable for the university not to tear it down. They can only push so far beyond Marshall street in their development...
Sure it can…. it actually provides more space than today. During hoops season, 1/2 the Dome is typically unavailable for the non-basketball teams who don’t need it any way. Don’t be suprised to see the IPF used by the full field sports more than the Dome was. It’s a lot closer by.I think Mahoney needs to keep talking since she's starting to spill more details. If she had this wonderful idea months ago, why wasn't Minor brought in earlier?
Would also like to know what SU "renting" this arena would have meant in terms of practice space, etc? Even when the IPF is built, that space and Manley can't fit all the SU teams during winter/bad weather practices.
Mr. Syverud - tear down this Dome.The dome is the Berlin Wall of that campus. Granted its really only Esf and a couple of not very nice dorms that are separated. But it creates wind tunnels and the outside is not pedestrian friendly. I love the dome but if its going to be replaced then that real estate is way too valuable for the university not to tear it down. They can only push so far beyond Marshall street in their development...
When the Dome goes down I want a silver bench...maybe a blue chair.
It will be torn down (in favor of academic use)…. it’s just a matter of when.
And it will be...The point of the IPF is to be a football facility like Melo is for basketball.
...
The proposed financing for this project is predicated on an immediate and sustained attendance jump in football and undoubtedly a substantial rise in ticket prices. Will more people come? One thing that you can be sure of: the $100 end zone tickets are gone with this project. Will more people come to Kennedy Square or will the suburbanites think that's too "dangerous" a neighborhood to bring their families? Will they be willing to spend more money on tickets and concessions/parking when they can watch it on tv?
And it will be...
There are only so many team practices that require a full field. If during the non-football practice period some of the other sports each get 2 hours per week in the IPF (think lax in Jan & Feb) then that's not a big deal.
Most teams prefer to practice outside. Even with the IPF, the football team will still spend at least half of its Spring practice schedule outside.
Manley's not going away. If the lax teams each got two IPF practices a week it would be an improvement for them. Out of season sports have the lowest priority. If they want some full field time, then they can get a weekend slot.Both lax teams practice a minimum of 2 hours per day and yes they prefer to be outside, but let's face it, that doesn't happen consistently until March. They use Manley, but it's not a full field for them so they'd prefer to have 100 yards in the IPF to work with.
If they do get a new stadium just leave the Dome as is and SU will have the biggest& best indoor practice facility in the nation at no cost!no doubt at all...their engineers and architects were talking about this 6-7 years ago when I worked up on the hill.
The more details come out, the more I'm glad that the parties involved are going to pump the brakes and work out the kinks in this deal.
So the potential cost of the multi-purpose stadium is $500 million. The upper limit of state aid is $200 million, the private owner/operator would kick in $100 million for a 30-year lease of the building and get some $5.4 million in rent per year from SU as the primary tenant (I would assume). Good deal for them, as they would double or triple their investment over the course of 30-year lease (counting the Crunch's rent and concessions/parking). But is the yearly rent SU's total contribution to the deal? Do they not kick in money for the construction of the project? If not, where does the remaining $200 million come from? Is this the County's contribution of "several million dollars"?
The County would be taking on millions in debt in the form of bonds but how do they plan to pay down that debt? They would own the building but they're essentially turning it over to a private operator for most if not all of its life for $100 million? Before you scoff at that, the Dome is 33 years old and we've been talking about replacing it for 10 years. Not sure that Mahoney has worked out the greatest deal for the taxpayer on that front. The City of Louisville mostly funded the Yum! Center but in return they have yearly revenue streams in rent from UL (even if it is obscenely favorable to UL). They have recently had to create a TIF district around the arena to balance the books.
Here we have Onondaga County pitching in a big chunk of the money for the building but seemingly selling their share in it for 50 cents or less on the dollar. Where will the County get the money to pay for the bonds that will be floated? Increased sales taxes? Even if there's an attendance boost, we're talking $7-8 million in debt servicing per year for this project. You're not going to get that much in sales tax. Raising the county's hotel tax? Raising property taxes? [gasp!]
The proposed financing for this project is predicated on an immediate and sustained attendance jump in football and undoubtedly a substantial rise in ticket prices. Will more people come? One thing that you can be sure of: the $100 end zone tickets are gone with this project. Will more people come to Kennedy Square or will the suburbanites think that's too "dangerous" a neighborhood to bring their families? Will they be willing to spend more money on tickets and concessions/parking when they can watch it on tv?
You knew for 6-7 years. Why did I feel like a man on an island when I said for years that was the plan?
lots of blanks to be filled in with "require some support from city hall"The more details come out, the more I'm glad that the parties involved are going to pump the brakes and work out the kinks in this deal.
So the potential cost of the multi-purpose stadium is $500 million. The upper limit of state aid is $200 million, the private owner/operator would kick in $100 million for a 30-year lease of the building and get some $5.4 million in rent per year from SU as the primary tenant (I would assume). Good deal for them, as they would double or triple their investment over the course of 30-year lease (counting the Crunch's rent and concessions/parking). But is the yearly rent SU's total contribution to the deal? Do they not kick in money for the construction of the project? If not, where does the remaining $200 million come from? Is this the County's contribution of "several million dollars"?
The County would be taking on millions in debt in the form of bonds but how do they plan to pay down that debt? They would own the building but they're essentially turning it over to a private operator for most if not all of its life for $100 million? Before you scoff at that, the Dome is 33 years old and we've been talking about replacing it for 10 years. Not sure that Mahoney has worked out the greatest deal for the taxpayer on that front. The City of Louisville mostly funded the Yum! Center but in return they have yearly revenue streams in rent from UL (even if it is obscenely favorable to UL). They have recently had to create a TIF district around the arena to balance the books.
Here we have Onondaga County pitching in a big chunk of the money for the building but seemingly selling their share in it for 50 cents or less on the dollar. Where will the County get the money to pay for the bonds that will be floated? Increased sales taxes? Even if there's an attendance boost, we're talking $7-8 million in debt servicing per year for this project. You're not going to get that much in sales tax. Raising the county's hotel tax? Raising property taxes? [gasp!]
The proposed financing for this project is predicated on an immediate and sustained attendance jump in football and undoubtedly a substantial rise in ticket prices. Will more people come? One thing that you can be sure of: the $100 end zone tickets are gone with this project. Will more people come to Kennedy Square or will the suburbanites think that's too "dangerous" a neighborhood to bring their families? Will they be willing to spend more money on tickets and concessions/parking when they can watch it on tv?
I don't think that is really true.The point of the IPF is to be a football facility like Melo is for basketball.
While the football program will be the main tenant of the new center, all Syracuse Athletics programs will have access and use of the center to better develop student-athlete performance and provide a student-athlete experience at Syracuse University second to none.