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Will this facility still be built?

We dont think the new extension of the ipf solved some of the spaces that building was gonna be used for?
 
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TheOriginalCane said:
What "spaces"? Be specific.

Are there more offices? More recovery areas? More NIL areas?
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On the side closer to cobb, they extended what looks like offices and possible weightroom or locker room space. A rooftop large patio space and i wanna say i remember hearing food area. Combining what i see from baseball games and what i think i remember from a video.
 
Cane44 said:
On the side closer to cobb, they extended what looks like offices and possible weightroom or locker room space. A rooftop large patio space and i wanna say i remember hearing food area. Combining what i see from baseball games and what i think i remember from a video.
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Exactly!

UM has a $1.3B endowment as of today. Using purely logic, does anyone truly think they would commit to a project equal to 11.5% of their endowment?

Barring another family committing to 33% of the total cost, and being able to raise another 33% within two-years, they will not build this.

UM ended up with a full-recourse $30M loan when they built the basketball arena, (since paid off) and raised less than half of the targeted funds for Mark Light............
 
CANESPR0P0NENT said:
Exactly!

UM has a $1.3B endowment as of today. Using purely logic, does anyone truly think they would commit to a project equal to 11.5% of their endowment?

Barring another family committing to 33% of the total cost, and being able to raise another 33% within two-years, they will not build this.

UM ended up with a full-recourse $30M loan when they built the basketball arena, (since paid off) and raised less than half of the targeted funds for Mark Light............
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You are such a dishonest porster, it's not even funny.

First, you say "Exactly!" to a post that said nothing that you are saying. You did that because you don't have the balls to respond to people who actually rip apart your bull**** postings.

Second, you lie about the endowment fund. The endowment fund had nearly $1.4 billion "2.5 years ago" in early 2024. More importantly, in an article just published a few months ago, the Ever Brighter fundraising campaign raised nearly $2.7 billion, of which nearly $0.7 billion was for the endowment fund alone.

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Now, unlike you, I'm not a dishonest person. I realize that those commitments are not fully collected yet. But even if not all of that money has yet been deposited into UM's bank account, it should push the Endowment Fund to a balance that exceeds $2 billion. Soon. Not in 10 or 20 years.

Third, you keep using your fraudulent math. The only way to claim "11.5% of the endowment" is by (a) using a fake "$150 million" cost numerator that ONLY YOU HAVE REPORTED, and (b) using a fake "$1.3 billion" endowment fund denominator that is also not accurate. Even worse, you act like you have to SPEND the endowment fund to build a building, when the reality is that you could PAY FOR the building out of one year's worth of EARNINGS on the endowment fund. Especially when you use the REPORTED cost of the building ($100 million) divided by the ACTUAL size of the Endowment Fund ($2 billion). Which, of course, using ACTUAL numbers, would only represent 5% of the Endowment Fund, which is within range of what the Endowment Fund would earn in ONE year. Without, you know, as you FALSELY pretend, eating into the corpus or principal of the Endowment Fund.

Please, for the love of God, stop lying to people. Just...stop lying. Stop increasing the cost of the building by 50%. Stop bull****ting people about the size of the Endowment Fund. Stop tricking people into thinking we have to spend some of the Endowment Fund or take out a high interest rate mortgage to pay for buildings. We have ALREADY done fund-raising for this facility. UM did not refund anyone's money. YES, it is possible to encounter donor-fatigue if you continue to do heavy-duty fund-raising for several years when building has been delayed for other UM building priorities (HAVING NOTHING TO DO WITH NIL).

You continue to ignore every single issue I have raised. Because you have no answers. You continue to dissemble about the REPORTED cost of the building, while ignoring everyone who says that the building will be slightly scaled down from the initial announcement.

You are yapping about a multi-purpose facility (basketball arena) that was built over 20 years ago, before Miami built up MASSIVE cash balances with the acquisition of UHealth. And you are ****ing and moaning over BASEBALL fund-raising, which has NEVER approached the levels of football fund-raising, particularly right now when the team sucks so badly.

I'll provide even more ACTUAL numbers below, since you insist on telling the lie that Miami cannot possibly afford to raise BOTH the funds needed for NIL payments AND build a $100M building.

You deny or ignore:

---Real reported numbers
---The change to UM's fund-raising capabilities over the last 20 years
---The need for more office space as we add more sports programs
---The massive infusion of cash that came from our National Championship run
---The role of outside corporations and wealthy individuals to fund NIL
---The fact that the building was already approved by Coral Gables, and the fact that millions were ALREADY raised for construction
On your "evidence" side of your argument...you just haven't heard any announcements. Wow.

Maybe try to explain away the numbers below. Or the ongoing efforts to get certain individuals to fund certain projects. I won't name names or dollar amounts, but fairly soon you will hear about how one particular school/college at UM just secured the largest donation IN ITS HISTORY. Stop trying to compare the fund-raising situation TODAY to what UM faced 20 years ago. On the other hand, getting construction projects approved and built on sensitive land (particularly along the canal)...that **** takes YEARS.


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Cane44 said:
On the side closer to cobb, they extended what looks like offices and possible weightroom or locker room space. A rooftop large patio space and i wanna say i remember hearing food area. Combining what i see from baseball games and what i think i remember from a video.
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Sir, if you think that the small expansion to the IPF can cover all those things, I have a beautiful bridge in the Everglades to sell you.

First, the "rooftop large patio space" on top of one small portion of the IPF is more for hosting alums and HC members for viewing practices. It's only on the second floor and is ideal for keeping civilians off of Greentree during practices, but it's certainly not the "7th floor view of Miami" that Mario wants in the other building.

Offices? Uh, no. Not on the level we need. What @CANESPR0P0NENT will not tell you is that we ALREADY have current offices where there are 3 or 4 people sharing space. I've been inside of the Hecht during working hours. Adding a couple of extra offices is not addressing the problem.

Possible weightroom? We have a weightroom. The plan has ALWAYS been to have an observation area, and YES, there will be some expansion to the overall weightroom square footage. But this really doesn't address the issues of recovery and treatment spaces, it merely expands what we currently have.

The bottom line is that the SMALL amount of extra space added to the IPF which was NOT "adding 30 yards to the main field" is nowhere close to what would be added in the "Football Operations Building".

In no way is this a criticism/critique of what you were saying, it's just a reflection of how myths get built. Just because we added a SMALL amount of extra space does not mean that we've come anywhere close to what we need to do or want to do. And for the record, the expansion of the weightroom area was ALWAYS planned and was never a part of the Football Ops Building.
 
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All i needed to hear was toc mention phase one and mario mention the same. All the other stuff is just yapping, idc how long it takes as long is the commitment is there

Good to hear they’re helping with wealth management too, should be mandatory at all schools that are handing out millions to teenagers imo
 
There are no plans for the new athletic facility to be built on campus at this time. However, for Christmas this year, there will be a Lego model of the facility that fans can use to build a model of the new athletic facility.
 
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CANESPR0P0NENT said:
The University of Miami has plenty of capital and financial support. NIL will be the priority (mainly for football) going forward.

They are not going to build the facility unless they receive a colossal donation to do so (a donation specifically dedicated to building it).

The 'fake-insider' has been proclaiming that it will be built for close to two-years now (hence the two pages of inarticulate bluster that he just published).

UM has stellar donors. They are astute businessmen. They are not going to allocate $150M to a building dedicated to 85 student-athletes when they just finished an expansion of the Soffer Center. (We will see high inflation within 6-months and a 5% 10-year. You think Miami's Trustees are going to allocate $150M to a football building (post Soffer)?)

Two years from now, the 'fake-insider' will publish more gibberish and the facility will remain an architectural drawing.
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Stop asking ChatGPT to type your posts, thanks.
 
Canedog said:
There are no plans for the new athletic facility to be built on campus at this time. However, for Christmas this year, there will be a Lego model of the facility that fans can use to build a model for the new athletic facility.
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There are plans, and the plans have been approved by Coral Gables. There are some other things that must be built first, though.
 
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