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FSU is broke

MedleyCane said:
It sounds like the nole architects went with the "Potemkin Village" effect.
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It is, quite literally, the same ******* thing they did on the LAST stadium renovation too. Exterior bricks which "looked nice", while the interior substructure was not improved at all. The same cheap aluminum ramps and stairs to get to various areas, the same ****** ****ters, the same old snack bars.

I don't know what anyone was expecting for $200 million of stadium renovations. REAL renovations cost a lot more in this day and age.

I'm sure it will "look nice on the tee-vee box" though...
 
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JHallCanes said:
What donors?

They already tried this last year to get rid of Norvell and guess what they got in return? Donors that were like:

View attachment 356226

Any team that has donors that would step up has already done it

The window for that to happen was from 2022-2025 (even 2025 would be far behind the curve)

Anyone that didn’t do it got left behind

FSU is cooked. Done. Deceased. Dead program.

(I get what you mean about Deion at least bringing some excitement to them though it wouldn’t last)
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This!
 
FSU ATHLETICS SOON
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Would love to see the capital and operating budget difference.

If there operating budget is constantly running in deficits, that be interesting. Typical public university don't run surplus due to their inherent nature of intrinsic value for R&B for society as a whole, but a further breakdown or athletic department capital and operating budget shoudl be shown.

My guess is they ain't bringing too much on the athletics side, since no one is watching them and UM is getting a big chunk of the pie. I'd imagine their football program budget isn't particularly high, the only constantly high salary is Norvell, I can't imagine ANYONE on the admin or coaching side make near what he makes.

Be a rough while until they straighten that out.

Essentially have to wait until capital projects are complete and then refinancing the new assets to provide a low interest rate, then amalgamate all continued and new debt into the lower rate, but when is that gonna happen ? Two years? Unless they win the lottery I guess or an angel investor.

You're right private equity would be the best option, essentially make a company run the football program and pay a licensing fee to FSU and have to then rent out all facilities and office space.
 
CaneSinceForEver said:
The only 'improvement" that I noticed was they added those cheap a-s-s
plastic booster seats to those alumnum bleacher seats that they had. They better sell a lot those Guthrie's gut boxes if they want to get back in contention.
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The bulk of the money was spent on the exterior facade. It does look beautiful, but again, the interior of the stadium is still just a glorified high school stadium.
 
Jonnyblaze said:
This is funny, but also sums it up perfectly. FSU didn’t read the tea leaves and realize that the facilities arms race came and went. The big money now has to be spent on player acquisition and retention. Notice how UM saw it coming and put the brakes on that football center for a little bit and went all in all building the roster. We can see how it’s turning out for both programs.

Lack of foresight is a *****.
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Also a lack of just being smart. Don't schools normally fundraise to get the money for these types of things vs borrow money. Now maybe they couldn't get or don't have the type of alumni to raise that type of money but in that case maybe don't do the project.
 
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TheOriginalCane said:
It is, quite literally, the same ******* thing they did on the LAST stadium renovation too. Exterior bricks which "looked nice", while the interior substructure was not improved at all. The same cheap aluminum ramps and stairs to get to various areas, the same ****** ****ters, the same old snack bars.

I don't know what anyone was expecting for $200 million of stadium renovations. REAL renovations cost a lot more in this day and age.

I'm sure it will "look nice on the tee-vee box" though...
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Probably expected them to not renovate the same thing they previously renovated at least. Brick shouldn't need to be renovated that often unless they are using bricks made with play-doh. Then again we are talking about FSU so they aren't very smart.
 
FSU doesn’t “own” their stadium… it’s on state funded land meaning the taxpayers of Florida own it. What they do is manage the stadium…

Also if you “owned” something why did you need the taxpayers of Leon county to help with the renovations?

So cool you all have your “own” stadium with a ****** product
 
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the problem is never were never a national brand like we were. even thought the media built them up as the anti miami, they were never like us, Ohio state, Notre dame, and other schools that had national or big regional followings.
 
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