Below is a plan to build a stadium for the hurricanes. This needs to get in the hands of the right people. I know that the school would be interested if a private group can raise the funds. I redacted names of target donors for their privacy. I take no pride of authorship and would suggest anyone that has knowledge about this add or edit the outline. I pulled all the underlying source data from the examples (i.e. Tulane). Tulane is a perfect blueprint to follow.
A PLAN TO BUILD A HOME FOR THE HURRICANES
Mission Statement: To build a permanent stadium for the Miami Hurricanes’ football program that incorporates classrooms and state of the art sports medicine and training facilities into the stadium’s façade. The stadium will also have incredible acoustics so it can become a sought-after outdoor concert venue. This will help blend academics, athletics and arts, which are all crucial to the continued growth and success of the University of Miami. This will also help create a memorable game day experience boosting current student and alumni pride in the school. This will lead to more donations – the lifeblood of any university.
A Location:
Tropical Park:
Benefits:
• Access
• Space
•Skeletal Stadium
• Parking
• Close to Campus
Cons:
• Owned by Miami-Dade
• Further from Broward and Palm Beach County Fans
Solution:
• A Land Lease:
o Tropical Park does not generate a significant amount of revenue for Miami-Dade. The one major revenue source is Santa’s Enchanted Forest,
which is seasonal.
o If the University funded the construction of a stadium, Miami-Dade would have a structure that could generate yearly revenue.
o In exchange for funding the stadium, Miami-Dade would grant the University a 99 year lease – at $1 per year.
o The University would have exclusive use of the stadium on certain days and Miami-Dade would have exclusive use on other days.
o The University would be entitled to all of the net proceeds from its days of use.
o Miami-Dade would be entitled to all of the net proceeds from its days of use.
o This would allow Miami-Dade to use the venue for concerts and other events that would generate year round income. It would also allow high school football
to be played at the University’s home stadium (a major recruiting windfall).
Examples of Schools that have Built Stadiums in Metropolitan Areas in the Past 15 Years, the Capacity of Those Stadiums, Costs and Funding Examples:
Tulane University
o Private school ranked 54 in the U.S. News and World Report.
o 30,000 seat capacity on Tulane Campus in New Orleans (Tulane previously played at the Superdome).
o The idea began in 2010. Tulane raised $40 million in pledges in a year and a half, and announced its “Home Field Advantage” campaign in
December 2011 to raise additional public funding.
o Richard Yulman and his wife donated $15 million to the stadium and later committed to another $10 million to the project as a challenge to other donors to
completely fund the project through private donations by the end of the first football season in the stadium.
o The stadium’s field was named after Tom Benson and his wife Gayle, who jointly donated $7.5 million from the Gayle and Tom Benson Charitable Foundation.
o Total Cost was $75M.
o Stadium opened in 2014.
Baylor University
o Private school ranked 71 in the U.S. News and World Report.
o 45,140 capacity that is expandable to 55,000.
o Total Cost of $266 M.
o Stadium opened in 2014.
o In addition to sporting events, Baylor University and the City of Waco plan to use the venue to host concerts and other community events. The stadium also
features Baylor Club, a dining and events club located on the stadium's western side.
o Fund raising kick started by single gift naming rights by Drayton McLane, Jr. The gift was the largest in school history.
o Since McLane’s initial gift in 2012, the university has surpassed $125 million in private gifts and pledges for the project, as well as $35 million in public funds
from the city of Waco. Another $100 million in athletics revenue is to cover the remaining costs of the stadium.
Houston University
o 40,000 seat capacity near downtown Houston.
o Fundraising Campaign announced in February 2010.
o Stadium opened in 2014.
o Total cost was $136M.
o Texas Dow Employees Credit Union purchased the naming rights to the stadium and TDECU will pay the school $15 million over 10 years for the venue to be
called "TDECU Stadium.”
Florida Atlantic University
o 29,419 Capacity.
o Total cost of $70M.
o After selecting an architect in 2008, the university began to raise funds for the $70 million facility with the intent to begin construction in 2009.
o The $70 million stadium was funded through student fees, private donations, and naming rights partnerships, some of which have yet to be
determined.
o The stadium opened in 2011.
University of Central Florida
o Capacity of 45,323 designed for a planned expansion to 65,000 seats.
o Total cost of $55M (estimated $64M today).
o There is a $15M stadium naming rights deal with cable company Bright House Networks.
Target Donors/Corporate Sponsors and Proposed Naming Rights:
Corporate Sponsors (Stadium Naming Rights)
[Redacted for privacy]
Over $5,000,000.00 (Field Naming Rights/Scoreboard Naming Rights)
[Redacted for privacy]
Between $1,000,000 and $5,000,000 (Section/Concourse/PressBox/Naming Rights)
[Redacted for privacy]
Between $10,000.00 and $100,000.00
[Redacted for privacy]
Between $1,000.00 and $5,000.00 (Stadium Bricks)
[Redacted for privacy]
Legal, Lobbying and Development Resources
[Redacted for privacy]
A PLAN TO BUILD A HOME FOR THE HURRICANES
Mission Statement: To build a permanent stadium for the Miami Hurricanes’ football program that incorporates classrooms and state of the art sports medicine and training facilities into the stadium’s façade. The stadium will also have incredible acoustics so it can become a sought-after outdoor concert venue. This will help blend academics, athletics and arts, which are all crucial to the continued growth and success of the University of Miami. This will also help create a memorable game day experience boosting current student and alumni pride in the school. This will lead to more donations – the lifeblood of any university.
A Location:
Tropical Park:
Benefits:
• Access
• Space
•Skeletal Stadium
• Parking
• Close to Campus
Cons:
• Owned by Miami-Dade
• Further from Broward and Palm Beach County Fans
Solution:
• A Land Lease:
o Tropical Park does not generate a significant amount of revenue for Miami-Dade. The one major revenue source is Santa’s Enchanted Forest,
which is seasonal.
o If the University funded the construction of a stadium, Miami-Dade would have a structure that could generate yearly revenue.
o In exchange for funding the stadium, Miami-Dade would grant the University a 99 year lease – at $1 per year.
o The University would have exclusive use of the stadium on certain days and Miami-Dade would have exclusive use on other days.
o The University would be entitled to all of the net proceeds from its days of use.
o Miami-Dade would be entitled to all of the net proceeds from its days of use.
o This would allow Miami-Dade to use the venue for concerts and other events that would generate year round income. It would also allow high school football
to be played at the University’s home stadium (a major recruiting windfall).
Examples of Schools that have Built Stadiums in Metropolitan Areas in the Past 15 Years, the Capacity of Those Stadiums, Costs and Funding Examples:
Tulane University
o Private school ranked 54 in the U.S. News and World Report.
o 30,000 seat capacity on Tulane Campus in New Orleans (Tulane previously played at the Superdome).
o The idea began in 2010. Tulane raised $40 million in pledges in a year and a half, and announced its “Home Field Advantage” campaign in
December 2011 to raise additional public funding.
o Richard Yulman and his wife donated $15 million to the stadium and later committed to another $10 million to the project as a challenge to other donors to
completely fund the project through private donations by the end of the first football season in the stadium.
o The stadium’s field was named after Tom Benson and his wife Gayle, who jointly donated $7.5 million from the Gayle and Tom Benson Charitable Foundation.
o Total Cost was $75M.
o Stadium opened in 2014.
Baylor University
o Private school ranked 71 in the U.S. News and World Report.
o 45,140 capacity that is expandable to 55,000.
o Total Cost of $266 M.
o Stadium opened in 2014.
o In addition to sporting events, Baylor University and the City of Waco plan to use the venue to host concerts and other community events. The stadium also
features Baylor Club, a dining and events club located on the stadium's western side.
o Fund raising kick started by single gift naming rights by Drayton McLane, Jr. The gift was the largest in school history.
o Since McLane’s initial gift in 2012, the university has surpassed $125 million in private gifts and pledges for the project, as well as $35 million in public funds
from the city of Waco. Another $100 million in athletics revenue is to cover the remaining costs of the stadium.
Houston University
o 40,000 seat capacity near downtown Houston.
o Fundraising Campaign announced in February 2010.
o Stadium opened in 2014.
o Total cost was $136M.
o Texas Dow Employees Credit Union purchased the naming rights to the stadium and TDECU will pay the school $15 million over 10 years for the venue to be
called "TDECU Stadium.”
Florida Atlantic University
o 29,419 Capacity.
o Total cost of $70M.
o After selecting an architect in 2008, the university began to raise funds for the $70 million facility with the intent to begin construction in 2009.
o The $70 million stadium was funded through student fees, private donations, and naming rights partnerships, some of which have yet to be
determined.
o The stadium opened in 2011.
University of Central Florida
o Capacity of 45,323 designed for a planned expansion to 65,000 seats.
o Total cost of $55M (estimated $64M today).
o There is a $15M stadium naming rights deal with cable company Bright House Networks.
Target Donors/Corporate Sponsors and Proposed Naming Rights:
Corporate Sponsors (Stadium Naming Rights)
[Redacted for privacy]
Over $5,000,000.00 (Field Naming Rights/Scoreboard Naming Rights)
[Redacted for privacy]
Between $1,000,000 and $5,000,000 (Section/Concourse/PressBox/Naming Rights)
[Redacted for privacy]
Between $10,000.00 and $100,000.00
[Redacted for privacy]
Between $1,000.00 and $5,000.00 (Stadium Bricks)
[Redacted for privacy]
Legal, Lobbying and Development Resources
[Redacted for privacy]
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