Facilities - Coach Choate

[The Big Meowski]

I think it encourages bandwagon donors to get on board to either finish this project or move on to the next one.

Especially after a couple of cocktails!

[mslacatfan]

Does anybody know if the $12 million is actual cash gifts or does that include pledges? I haven't heard anything about some four-year campaign where people pledge to give a certain amount and that amount isn't realized until the end of that time period. If you do that, you usually get a short term bridge loan to get everything going until pledges are fulfilled. Banks will loan money against those pledges, even though the donors aren't legally bound to fulfill their pledge.

And I'd say it would be great to have a construction mess during football season. I think it encourages bandwagon donors to get on board to either finish this project or move on to the next one.

absolutely! I don't care when the construction starts, just get it goin!

seeing big cranes over the endzone during football games would only encourage people to keep donating (imo)

[stevo]

Does anybody know if the $12 million is actual cash gifts or does that include pledges? I haven't heard anything about some four-year campaign where people pledge to give a certain amount and that amount isn't realized until the end of that time period. If you do that, you usually get a short term bridge loan to get everything going until pledges are fulfilled. Banks will loan money against those pledges, even though the donors aren't legally bound to fulfill their pledge.

And I'd say it would be great to have a construction mess during football season. I think it encourages bandwagon donors to get on board to either finish this project or move on to the next one.

Includes Pledges. My Gift was divided over 2 years. I know of some that are for four years.

[Cledus]

Does anybody know if the $12 million is actual cash gifts or does that include pledges? I haven't heard anything about some four-year campaign where people pledge to give a certain amount and that amount isn't realized until the end of that time period. If you do that, you usually get a short term bridge loan to get everything going until pledges are fulfilled. Banks will loan money against those pledges, even though the donors aren't legally bound to fulfill their pledge.

And I'd say it would be great to have a construction mess during football season. I think it encourages bandwagon donors to get on board to either finish this project or move on to the next one.

Includes Pledges. My Gift was divided over 2 years. I know of some that are for four years.

I am guessing pledges are excluded. Reputable not-for-profits exclude pledges because they are not legally enforceable except in a few rare circumstances, and it's not uncommon for someone to make a pledge and then change their mind. From a reporting perspective, pledges / contributions can be a source of fraud.

This all circles back to charity and not-for-profit ratings. Charities and not-for-profits want a very high score from watchdog groups to assure people they can donate with confidence. A high score is a source of pride for charities in the same way people enjoy big dicking a credit score of 800+

I've worked several years on the Buffalo Bill Historical Center, St. Labre Indian School, and Yellowstone Foundation audits.

[Cataholic]

Does anybody know if the $12 million is actual cash gifts or does that include pledges? I haven't heard anything about some four-year campaign where people pledge to give a certain amount and that amount isn't realized until the end of that time period. If you do that, you usually get a short term bridge loan to get everything going until pledges are fulfilled. Banks will loan money against those pledges, even though the donors aren't legally bound to fulfill their pledge.

And I'd say it would be great to have a construction mess during football season. I think it encourages bandwagon donors to get on board to either finish this project or move on to the next one.

Includes Pledges. My Gift was divided over 2 years. I know of some that are for four years.

I am guessing pledges are excluded. Reputable not-for-profits exclude pledges because they are not legally enforceable except in a few rare circumstances, and it's not uncommon for someone to make a pledge and then change their mind. From a reporting perspective, pledges / contributions can be a source of fraud.

This all circles back to charity and not-for-profit ratings. Charities and not-for-profits want a very high score from watchdog groups to assure people they can donate with confidence. A high score is a source of pride for charities in the same way people enjoy big dicking a credit score of 800+

I've worked several years on the Buffalo Bill Historical Center, St. Labre Indian School, and Yellowstone Foundation audits.

My donation was spread over multiple years with the first installment made this year. I am pretty sure that contributions can be made in both guaranteed and non-guaranteed formats. I am almost sure that my pledge required a “guarantee from me” that the pledge is collectible and legally enforceable. I think that is necessary for “bricks and mortar” projects. Likewise, contributions to a scholarship fund are probably non-binding.

[Hawks86]

Board of Regents meet next week and nothing on the agenda about the athletic complex except the price tag went up to $18.5.

https://mus.edu/board/meetings/2019/May2019/May2019.asp

https://mus.edu/board/meetings/2019/May ... ort_A1.pdf

[AFCAT]

Board of Regents meet next week and nothing on the agenda about the athletic complex except the price tag went up to $18.5.

https://mus.edu/board/meetings/2019/May2019/May2019.asp

https://mus.edu/board/meetings/2019/May ... ort_A1.pdf

Thanks for posting. There was this remark though. "Agenda items may be posted up to 48 hours in advance of the Board of Regents meeting."

[Long Time Cat]

We are not alone in construction cost estimates going up. "The State Board of Education on Wednesday approved a $5 million increase in the project cost for the ICCU Arena at the University of Idaho. The Board previously approved a $46 million budget on March 14."

https://www.idahostatesman.com/sports/c ... est_latest

[91catAlum]

We are not alone in construction cost estimates going up. "The State Board of Education on Wednesday approved a $5 million increase in the project cost for the ICCU Arena at the University of Idaho. The Board previously approved a $46 million budget on March 14."

https://www.idahostatesman.com/sports/c ... est_latest

It's still very discouraging. Feels like we're never going to get there.

[CARDIAC_CATS]

Board of Regents meet next week and nothing on the agenda about the athletic complex except the price tag went up to $18.5.

https://mus.edu/board/meetings/2019/May2019/May2019.asp

https://mus.edu/board/meetings/2019/May ... ort_A1.pdf

I wonder if that 18.5 million is before or after the new China Tariffs

[iaafan]

Didn’t Cruzado say, “I’m going to build a stadium addition and UM will pay for it?”

[imacat]

When we build it we need to build it right. If it costs s bit more and extends the time ... so be it.

[TomCat88]

The cost shouldn’t be going up unless there have been some changes in the scope of work.

[allcat]

Maybe they can lower the cost if they build it with a flat roof.

[TomCat88]

Maybe they can lower the cost if they build it with a flat roof.

Pretty sure it’s a flat roof. Most commercial, industrial and school building roofs are flat.

[Long Time Cat]

The cost shouldn’t be going up unless there have been some changes in the scope of work.

Costs can certainly continue to go up until they have a signed contract to build it. Which I doubt they have or we would have had an announcement. Even then sometimes there are inflation clauses for major materials costs like concrete or steel.

[Helcat72]

Didn’t Cruzado say, “I’m going to build a stadium addition and UM will pay for it?”

[Montanabob]

Didn’t Cruzado say, “I’m going to build a stadium addition and UM will pay for it?”

No, the proceeds from our 2019 playoff run, bye with home game playoff games revenue paying for the project and a kicker from the FCS Championship win will pay for it

[Cat4LifeHouseDivided]

Board of Regents meet next week and nothing on the agenda about the athletic complex except the price tag went up to $18.5.

https://mus.edu/board/meetings/2019/May2019/May2019.asp

https://mus.edu/board/meetings/2019/May ... ort_A1.pdf

While you are likely right, it might not necessarily mean that. Its a budget authority approval. They could have some contingencies built in to that. I can say this is actually a good sign if they are taking it to the BOR for budget approval. It suggests they are getting ready to start the project.

[TomCat88]

The cost shouldn’t be going up unless there have been some changes in the scope of work.

Costs can certainly continue to go up until they have a signed contract to build it. Which I doubt they have or we would have had an announcement. Even then sometimes there are inflation clauses for major materials costs like concrete or steel.

There should be no inflation for material costs. Not with the way our economy in those areas is currently set up.