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Anyone hear about any stadium updates today?


CousinRicky

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8 hours ago, Triple B said:

From football STM email received today ....

image.png.5720dbcbea906f7a986cf9e7c71d48ce.png

Wonder if it was will end up being a small replica of the OCS…….

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The Fed is indicating rate cutes at next meeting. The market is pricing in 75bps of cuts by EoY*. Look for USF to refinance the stadium debt to lower the cost around the time it opens or even sooner if rates fall enough. I can't remember what the definitive rate was set at for the Truist loan, but IIRC I think it's around 6? Maybe 6 and change? If we can refinance to 4.5 or even 5 before our first game, that will save a couple million per year in payments that we currently have allocated. When I get the time, I'll try to dig up the BoT docs that went into detail on the stadium financing from the consultants and put some estimates behind it to get a better understanding. We can certainly use an extra $2-3MM/year. 

*Last I checked. 

Edited by USF_Bullsharks
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18 hours ago, Triple B said:

From football STM email received today ....

image.png.5720dbcbea906f7a986cf9e7c71d48ce.png

searched my email, and I didn't see this one.  Hope they didn't forget me.  They certainly don't forget to hit my account every month for my ticket installments.  🙂. Guessing I either deleted it, or it's just an oversight.

 

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2 hours ago, MaltLiquorBull said:

searched my email, and I didn't see this one.  Hope they didn't forget me.  They certainly don't forget to hit my account every month for my ticket installments.  🙂. Guessing I either deleted it, or it's just an oversight.

Here's the subject line: Bulls Football STM Newsletter🏈 ....

I'd check your Spam folder and Trash, where it should be if just Deleted yesterday...

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Anyone go to the Kickoff Luncheon?? If so, any discussions on the stadium?

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20 hours ago, MaltLiquorBull said:

searched my email, and I didn't see this one.  Hope they didn't forget me.  They certainly don't forget to hit my account every month for my ticket installments.  🙂. Guessing I either deleted it, or it's just an oversight.

 

Same here, but all I need to be satisfied is more wins against top 25 teams and finally get to the conference championship game. 

Edited by Outlaw
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2 hours ago, Outlaw said:

Same here, but all I need to be satisfied is more wins against top 25 teams and finally get to the conference championship game. 

Top 25 wins are not going to be easy to come by but I see what you mean. I think we need to see how this season goes to see if USF is worthy of beating top 25 teams soon. We were spoiled by CJL in our early years.  

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"taking shape" sounds like revisions are still being made.  That, and/or things on the financial end.

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1 hour ago, Ricky the Bull said:

"taking shape" sounds like revisions are still being made.  That, and/or things on the financial end.

Interesting 

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