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04-11-2007, 01:07 PM
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East-Coast Living
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To follow up the previous discussion, it probably isn't the smartest thing to come to an Ohio State fan website and attempt to convince people that our AD practices poor business tactics while our biggest rival sets the bar for the NCAA. I'm no fan of Michigan athletics, but I'm not that stupid...
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04-11-2007, 01:23 PM
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Maize and Blue Wahoo
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Without trying to get too into the weeds or off on a tangent, let me just add that as a state insitution, neither Michigan nor Ohio State should be following "normal" business practices when it comes to borrowing money. If an AD has to siphon money off the rest of the school, that can be seen in part as taxpayer's money and should generally be avoided. State universities are something of a unique hybrid between regular businesses and government and it shouldn't be assumed that they should run on the exact model of either one.
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04-11-2007, 01:29 PM
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Buckeye Hoop - Always a Good Decision
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Quote:
Originally Posted by HailToMichigan
Without trying to get too into the weeds or off on a tangent, let me just add that as a state insitution, neither Michigan nor Ohio State should be following "normal" business practices when it comes to borrowing money. If an AD has to siphon money off the rest of the school, that can be seen in part as taxpayer's money and should generally be avoided. State universities are something of a unique hybrid between regular businesses and government and it shouldn't be assumed that they should run on the exact model of either one.
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Where has any Buckeye fan suggested that siphoning money away from the university's general fund is OK? That was a straw man erected by a "Michigan man" -- and a pretty feeble attempt it was. |
04-11-2007, 01:31 PM
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East-Coast Living
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Quote:
Originally Posted by HailToMichigan
Without trying to get too into the weeds or off on a tangent, let me just add that as a state insitution, neither Michigan nor Ohio State should be following "normal" business practices when it comes to borrowing money. If an AD has to siphon money off the rest of the school, that can be seen in part as taxpayer's money and should generally be avoided. State universities are something of a unique hybrid between regular businesses and government and it shouldn't be assumed that they should run on the exact model of either one.
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I agree with you, and that's why I'm glad OSU did NOT siphon money from the rest of the school!
From osu.edu in 1996 on the construction of the Schottenstein Center: LINK
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The university has already raised $12.7 million of a $26
million seat licensing goal. It has raised $13.2 million in
naming opportunities for the new building and hopes to raise
another $10-$12 million through additional naming opportunities..
The remainder of the $84 million construction costs will be paid
with a $15 million appropriation from the state of Ohio and bond
sales. After construction, the arena will be self-supporting.
No tuition money is being used to pay for this project.
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From ohiostatebuckeyes.com on the Ohio Stadium renovations: LINK
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The total cost of the renovation project is $194 million. Nearly 80 percent of that figure will be covered by the sale of the 81 Hospitality Suites and the 2,500 Club Seats on the west side of the stadium. Naming Rights gifts and revenue generated from increased ticket sales and concession income will cover the remaining 20 percent. No tax dollars or state or university money was used.
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Will you all do a little research before posting incorrect material?
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04-11-2007, 01:43 PM
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Damn.......
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Athletic director Gene Smith projects future annual revenue growth of five percent to six percent for Ohio State's 36 sports, which receive no university funding but contribute millions to OSU's general fund.
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From Jwins 10TV link. Quit the taking from the rest of the school crap!
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Will you all do a little research before posting incorrect material?
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04-11-2007, 01:48 PM
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Capo Regime
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Quote:
Originally Posted by Golferdow01
Will you all do a little research before posting incorrect material?
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That would hinder the trolling...
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Oderint dum metuant.
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04-11-2007, 01:52 PM
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if I don't take us down the field, bench me
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During most UM board discussions of facilities, that propaganda is handed out to ease their envy of OSU's facilities. My guess is most accepted those falsehoods as fact.
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