University Financing - If you want to educate yourself

[1mg of Epi]

The only thing stopping UM from building a stadium is potentially the terms of our lease with Dolphins Stadium, and an administration that doesn’t give a **** about football

Also, there’s the fact that you’d be moving the stadium further away, and harder to get to, for virtually the entire fan base.

 

[Empirical Cane]

Didn’t they offer Beckham the orange bowl site?

And now they’re building by the airport.

So I don’t really see your point.

Of course with your Ivy League degree (so fancy!), you would have a much better understanding of the following than is knuckle dragging mouth breathers:

- Beckham Group (pre-Mas) flirted with University...BoT said not only no, but **** no because the project wasn't viable from a cost, size, and dual sport "doesnt work for either perfectly" standpoints
- Beckham hasnt been offered anything by City or County
-- They have been flat out rejected on what, 4 top choices (berthing slip would have been cool)
-- He BOUGHT the Overtown parcel...and now that is an albatross
-- He brought in Team Mas because they are Miami favored sons, have the payola, amd the political muscle to drive it through at airport
-- It's much more than tje stadium...retail, commercial, dining development that just happens to have a stadium attached to it...i tjink tje price tage is now north of $2B...not a core U function...not .bad idea, but Miami would run that anout as well as they did tje Jackson merger...and that is a LICENSE to print money

I'd go on, but would only.bore you as you read higher ed Ivy league books that smell of.brandy and fine leather

 

[prinmemo]

someone give me the hood version this too much for my tiny brain

Clearly

 

[Fluffhead]

I don't understand how any investment vehicle (alternative or otherwise) has anything to do with how the institution spends the capital gains. You spend it on the school or you don't. But I might be missing something. I hate taxes.

It is essentially to get the schools to spend it instead of having it sit there. If you really want to slam your head against the wall, look at how they are now taxing parking or transportation fringe benefits.

 

[bacane]

Nothing like facts driving a conversation or debate. Too bad this wasn't posted a week earlier, so the clowns controlling the board could have been educated. It seems a fair number have vanished post-signing day.

 

[Fluffhead]

Who said it had to be on campus? Was the Orange Bowl on campus?

There is plenty of land in Miami Dade. The Beckham group identified nearly a dozen sites, including the site of the old orange bowl.

But even if they wanted to build it on campus, they probably could. Did Coral Gables stop them from building the indoor practice field? No, because the school is a huge power player and they would have fought the city over it.

When you have power and money, then things that seem impossible become possible. Where there’s a will, there’s a way.

Couple of points. Most of the building going on in Miami is either in downtown/Brickell area or on the water. This is the City of Miami, not Coral Gables. However, with the traffic around town, I am not sure some of the other sites are feasible either. The space needed for a 25k soccer stadium is different from what we would need.

The only way a stadium is going up on campus from a footprint perspective is if they fill in the lake. That is not happening for a multitude of reasons. Even if the school were to want to do this, which they would not, there is a 0% chance the city of Coral Gables would allow it from a traffic perspective. We still have space for a couple of thousand more seats in the basketball stadium that we cannot use because the city will not permit more than the number of seats we have now. Where Miami carries more weight is at the county level, as we are a huge employer. However, a very minute percent of those employees live in CG or spend money in CG. UM also nearly put Jackson under with its asinine UHealth plan, so I am not even sure it has much good grace with the county at this point.

Your example of the Giants Stadium above... that was part of their Olympics bid and was going to be built on a platform above the rail yards on the west side of the city. One, that is a feasible task from a space and engineering perspective. Two, the city actually supported it, as it was key to the Olympics bid.

 

[CaneFan79]

Bro.... I have an MBA from an Ivy league school. You have a picture of yourself in a Starter jacket straight outta 1994. I think I’m good.

Totally irrelevant...Sort of the like the people who say "We went to the Moon, so we can do X" (usually something totally opposite a specific engineering task, showing their ignorance). BTW, The latest MBA US News rankings show <GASP!> two Public School MBA programs out ranking three of the five Ivy MBA programs in the Top 15. Arrogant much?

Heck, if you used your MBA properly, you should see that trying to build a White Elephant stadium against a host of risks is pure folly; Miami should be working with similar institutions to control costs.

- If Alabama wins the National Championship this year, they will have been champions six out of the last ten seasons.

- In the years the Crimson Tide weren't the champions, in most cases, they played the eventual champion in a playoff or National Championship game. In fact, Alabama has been in the final four CFP every year they have had a CFP and the teams they have lost to in the CFP are also huge spenders (OSU, Clemson).

- The Big Four US pro leagues realized a long time ago that uncontrolled spending by some teams would eventually destroy their competitive balance and eventually their league. Hence, we have salary caps and luxury taxes to try and contain rich teams from buying all the talent and forcing them to develop talent and coach effectively like their peer teams. MLB, which has the weakest controls, is predictably losing fans, though recent bright spots like the KC Royals and Houston Astros show what even their system has some hope. How does the Saints and Colts compete? Salary Cap. Look at the Golden State Warriors, building a team the free agents will forego $$$ to be part of as a player? Heck the LA Kings, a small hockey market, won the Stanley Cup fairly recently.

- You don't technically play payers in college, but 'Bama makes sure they have the nicest facilities, more coaches and "consultants" then everyone else, and spares no expense in recruiting (See: Rotary Aircraft, Nick Saban use of). They spend more than others and it shows, i.e. the military saying, "Victory goes to the bigger battalions."

- Miami's only real hope is banding with the other relative have-nots in CFB and demanding the NCAA create athletic department spending caps to restore what the NCAA is supposed to enforce: Competitive Balance. Will this happen with Mark "Big State School" Emmert? No, but the FBI and US Attorney SDNY may catch up to him and the ground work must be layed to spring the proposal on the new NCAA president when they assume the throne.

 

[CashMoneyCane]

Bro.... I have an MBA from an Ivy league school. You have a picture of yourself in a Starter jacket straight outta 1994. I think I’m good.

Yes, land is more expensive in Miami than in Minnesota, on average. So what?

Land is not the biggest expense in constructing a stadium. And even if it were, most universities do hold land.

But let’s assume UM doesn’t own any more land for future development or other reasons. There is plenty that can be purchased or even gifted to us.

You can say that it’s prohibitively expensive, yet somehow new buildings manage to come up in Miami every single year - so clearly it is not impossible to acquire land and develop property in Dade County.

The city of New York tried to persuade the Giants to move back in to the city. They had development sites lined up. So you’re telling me New York City has space for a stadium, but the great cosmopolitan mecca of Miami doesn’t? Come on, now.

The only thing stopping UM from building a stadium is potentially the terms of our lease with Dolphins Stadium, and an administration that doesn’t give a **** about football.

To say that it’s impossible is totally false. It’s only unlikely because our admin doesn’t have the will to do it.

It would be a large undertaking involving a lot of lobbying for government contributions and corporate sponsorships. A project that would be totally out of the league of a lightweight like Blake James. That’s the real reason we won’t get a stadium.

BRO....

You wasted your money. I have a Bachelor's from MIAMI and that's all it took to know it's not feasible.

BRO...

With that Bachelor's from Miami, I worked with many, many Ivy MBA's, and had the same jobs and career path. Most of my peers went to Harvard.

Have you thought for one, just one second, about anything other than the land? The City of Coral Gables **** near didn't let us build a basketball stadium on campus. Anywhere in Gables is automatically out. There are tons and tons and tons of approvals that need to go into constructing a stadium. Then there's enormous concerns with traffic.

I take it you don't know this, but traffic in Miami... pretty bad.

Next on the list, it makes ZERO FINANCIAL SENSE for Miami to own a stadium. None. We'd lose an enormous amount of money on it. THAT is the real reason Miami won't get a stadium.

Oh, and guess what? Miami is in no financial position to construct one, either, even if half of it was paid for by taxpayers (it won't be) or corporations.

Did they teach anything resembling critical thinking, project management or capital budgeting at your Ivy League school?

I'm embarrassed for you, bro.

As for my Starter jacket... had one since fifth grade. Your cheap shot is as sad as your response.

Thanks for the proof that you don't have to be intelligent to get an MBA.

 

[CashMoneyCane]

Even without generating one dollar in additional donations, going from $700MM to $1.1B in 15 years, do you know the return? You think that is good?

But then keep in mind we did generate additional donations.

Also, there are a bunch of issues with your OP and porsts throughout this thread but what is the point? I can see the bias.

Ummmm.... 2008 called. And no, I don't know the return (unless we're doing straight-line, which is wildly inappropriate). Geometric averaging is pretty significant here. But just for reference, on a straight-line basis, you're looking at 57% in 15 years. 4% annually on average considering the market was an absolute disaster from '08-'10 is not unreasonable. I also don't have a proper benchmark because I haven't looked up the asset allocation.

But yes, if you had told me I'd get a 57% return over 15 years with the second worst financial crisis in US history dead in the middle, I'd take it.

I'd LOVE to know the issues with either my post or replies.

 

[CashMoneyCane]

By the way, Miami owned the land off campus by the old zoo to build a stadium, but our decsion makers had no interest in actually going out in doing real findings, dd etc. Our decision makers have no plan or care to accomplish this task. There is no vision, no plan. Our decision makers prefer apathy and self-inflicted cancer when it comes to athletics.

As for Blake James, he needed 5 years to graduate from Minnesota State Mankato. He is a puppet who is incompetent, illogical and a dipchit who fell a$sbackkwards into the gig in the first place. He isn’t doing anything like that (i.e. plan for a stadium).


I wish Dapper still posted on this site.

There is no vision or plan because it does not make financial sense.

You're really great at stating strong opinions based in zero research or actual understanding.

 

[CashMoneyCane]

Who said it had to be on campus? Was the Orange Bowl on campus?

There is plenty of land in Miami Dade. The Beckham group identified nearly a dozen sites, including the site of the old orange bowl.

But even if they wanted to build it on campus, they probably could. Did Coral Gables stop them from building the indoor practice field? No, because the school is a huge power player and they would have fought the city over it.

When you have power and money, then things that seem impossible become possible. Where there’s a will, there’s a way.

You are consistently proving yourself the least-informed person here.

Comparing an IPF to a FOOTBALL STADIUM IS INSANE. Where is everyone gonna park? How is everyone gonna get there? Bird Road? Ponce? US1?

It would take 8 hours to get to the game.

Gables almost didn't let us build the basketball stadium.

Just stop with this. You're clueless.

 

[CashMoneyCane]

Of course with your Ivy League degree (so fancy!), you would have a much better understanding of the following than is knuckle dragging mouth breathers:

- Beckham Group (pre-Mas) flirted with University...BoT said not only no, but **** no because the project wasn't viable from a cost, size, and dual sport "doesnt work for either perfectly" standpoints
- Beckham hasnt been offered anything by City or County
-- They have been flat out rejected on what, 4 top choices (berthing slip would have been cool)
-- He BOUGHT the Overtown parcel...and now that is an albatross
-- He brought in Team Mas because they are Miami favored sons, have the payola, amd the political muscle to drive it through at airport
-- It's much more than tje stadium...retail, commercial, dining development that just happens to have a stadium attached to it...i tjink tje price tage is now north of $2B...not a core U function...not .bad idea, but Miami would run that anout as well as they did tje Jackson merger...and that is a LICENSE to print money

I'd go on, but would only.bore you as you read higher ed Ivy league books that smell of.brandy and fine leather

This dude is a total fraud. If he does have an Ivy MBA it's because his parents wrote a check. Guy consistently has absolutely no idea what he's talking about and never thinks things through.

I've known dumb MBA's, but no one near this stupid.

 

[nobeastofburden]

 

[Consigliere]

Ummmm.... 2008 called. And no, I don't know the return (unless we're doing straight-line, which is wildly inappropriate). Geometric averaging is pretty significant here. But just for reference, on a straight-line basis, you're looking at 57% in 15 years. 4% annually on average considering the market was an absolute disaster from '08-'10 is not unreasonable. I also don't have a proper benchmark because I haven't looked up the asset allocation.

But yes, if you had told me I'd get a 57% return over 15 years with the second worst financial crisis in US history dead in the middle, I'd take it.

I'd LOVE to know the issues with either my post or replies.

Why don’t you actually google what the average university endowment did during that time? All the universities all suffered in 2008-09 and that was not unique to Miami.

Similar years and similar values. Please please please actually look into this and please keep in mind the endowment grew from additional donations as well. So the return is actually much less.

Remember you said “pretty darn good”. See how it measures up to average returns first.

-


57% over 15 years isn’t a pretty good return and that includes the financial crisis.

Remember, not average returns. Pretty good returns.

 

[Consigliere]

There is no vision or plan because it does not make financial sense.

You're really great at stating strong opinions based in zero research or actual understanding.

We already owned the land to do it. Look up the land we owned by the old Miami zoo. Plenty of land.

There was no real attempt by the school to get this done. There was no real interest.

Also, wait until the end of the lease with No Life Stadium. This time we don’t have real leverage as there is no other real option.

 

[CashMoneyCane]

Why don’t you actually google what the average university endowment did during that time? All the universities all suffered in 2008-09 and that was not unique to Miami.

Similar years and similar values. Please please please actually look into this and please keep in mind the endowment grew from additional donations as well. So the return is actually much less.

Remember you said “pretty darn good”. See how it measures up to average returns first.

-


57% over 15 years isn’t a pretty good return and that includes the financial crisis.

Remember, not average returns. Pretty good returns.

Listen bud. I managed billions of dollars in investment portfolios for the ultra-rich. I know what I'm talking about regarding investment performance and could take you to school on portfolio management all day long.

I didn't write a freaking research paper saying the returns were good. I took a second, looked at it, thought about it in context, and made the response. We also have no idea how much the University drew on the endowment.

You're nitpicking something in an attempt to sound intelligent. It's not working.

 

[CashMoneyCane]

We already owned the land to do it. Look up the land we owned by the old Miami zoo. Plenty of land.

There was no real attempt by the school to get this done. There was no real interest.

Also, wait until the end of the lease with No Life Stadium. This time we don’t have real leverage as there is no other real option.

There was no interest because it is not financially justifiable for an institution like Miami to own an enormous capital asset to use six times a year, at best.

And that doesn't even touch on zoning and local approvals. How do you have any idea, at all, that the University didn't explore building a stadium there?

You sound like you're talking out of your ***. Show me some proof that a feasibility study was never conducted.

 

[CaneFan79]

There was no interest because it is not financially justifiable for an institution like Miami to own an enormous capital asset to use six times a year, at best.

And that doesn't even touch on zoning and local approvals. How do you have any idea, at all, that the University didn't explore building a stadium there?

You sound like you're talking out of your ***. Show me some proof that a feasibility study was never conducted.

In a nutshell, this is the most truth about the stadium folly posted on this board in a long time...

 

[CashMoneyCane]

View attachment 72525

You have five fruit roll-ups but already promised four to your friends and want to make sure you have one for yourself. Now another one of your friends is asking you for one and you can't give it to him because all five are already spoken for.

 

[CashMoneyCane]

In a nutshell, this is the most truth about the stadium folly posted on this board in a long time...

I'll be doing another post on the whole stadium situation. Seems like 80% of this board thinks Miami can just write a check for a billion dollars and have a stadium drop from the sky to a convenient location near campus that we all of a sudden magically own.