(06-09-2016 10:35 AM)Tom in Lazybrook Wrote:  So, has anyone with the State given you guys an amount that needs to be raised?

Such as "In order to borrow X, you must raise Y"

Read my previous post.

Cliff notes version: No.

(06-09-2016 10:36 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:35 AM)Tom in Lazybrook Wrote:  So, has anyone with the State given you guys an amount that needs to be raised?

Such as "In order to borrow X, you must raise Y"

Read my previous post.

Cliff notes version: No.

Yep, saw that and edited my post. Seems to me that the board seemed unmoved by the reduction in the overall cost. It looks like they want to see some hard cash money from donors going to this thing.

(06-09-2016 10:38 AM)Tom in Lazybrook Wrote:  

(06-09-2016 10:36 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:35 AM)Tom in Lazybrook Wrote:  So, has anyone with the State given you guys an amount that needs to be raised?

Such as "In order to borrow X, you must raise Y"

Read my previous post.

Cliff notes version: No.

Yep, saw that and edited my post. Seems to me that the board seemed unmoved by the reduction in the overall cost. It looks like they want to see some hard cash money from donors going to this thing.

No. They want to see it not done. That is the reality of what's happening here.

(06-09-2016 11:00 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:38 AM)Tom in Lazybrook Wrote:  

(06-09-2016 10:36 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:35 AM)Tom in Lazybrook Wrote:  So, has anyone with the State given you guys an amount that needs to be raised?

Such as "In order to borrow X, you must raise Y"

Read my previous post.

Cliff notes version: No.

Yep, saw that and edited my post. Seems to me that the board seemed unmoved by the reduction in the overall cost. It looks like they want to see some hard cash money from donors going to this thing.

No. They want to see it not done. That is the reality of what's happening here.

How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

(06-09-2016 11:09 AM)WolfBird Wrote:  

(06-09-2016 11:00 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:38 AM)Tom in Lazybrook Wrote:  

(06-09-2016 10:36 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:35 AM)Tom in Lazybrook Wrote:  So, has anyone with the State given you guys an amount that needs to be raised?

Such as "In order to borrow X, you must raise Y"

Read my previous post.

Cliff notes version: No.

Yep, saw that and edited my post. Seems to me that the board seemed unmoved by the reduction in the overall cost. It looks like they want to see some hard cash money from donors going to this thing.

No. They want to see it not done. That is the reality of what's happening here.

How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:09 AM)WolfBird Wrote:  

(06-09-2016 11:00 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:38 AM)Tom in Lazybrook Wrote:  

(06-09-2016 10:36 AM)CoastalAlum2011 Wrote:  Read my previous post.

Cliff notes version: No.

Yep, saw that and edited my post. Seems to me that the board seemed unmoved by the reduction in the overall cost. It looks like they want to see some hard cash money from donors going to this thing.

No. They want to see it not done. That is the reality of what's happening here.

How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

(06-09-2016 11:24 AM)WolfBird Wrote:  

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:09 AM)WolfBird Wrote:  

(06-09-2016 11:00 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:38 AM)Tom in Lazybrook Wrote:  Yep, saw that and edited my post. Seems to me that the board seemed unmoved by the reduction in the overall cost. It looks like they want to see some hard cash money from donors going to this thing.

No. They want to see it not done. That is the reality of what's happening here.

How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

You don't have to take my word for it. You'll come to find out pretty quick that Coastal's administration delivers. I doubt many things. I'm an eternal pessimist. But if there is one thing I have trust in at Coastal it is the administration. This will get done.

(06-09-2016 11:26 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:24 AM)WolfBird Wrote:  

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:09 AM)WolfBird Wrote:  

(06-09-2016 11:00 AM)CoastalAlum2011 Wrote:  No. They want to see it not done. That is the reality of what's happening here.

How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

You don't have to take my word for it. You'll come to find out pretty quick that Coastal's administration delivers. I doubt many things. I'm an eternal pessimist. But if there is one thing I have trust in at Coastal it is the administration. This will get done.

Ok..But please get it done quickly because so long as this is unresolved it will hurt your ability to recruit or to get OOC games scheduled.

(06-09-2016 12:28 PM)Tom in Lazybrook Wrote:  

(06-09-2016 11:26 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:24 AM)WolfBird Wrote:  

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:09 AM)WolfBird Wrote:  How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

You don't have to take my word for it. You'll come to find out pretty quick that Coastal's administration delivers. I doubt many things. I'm an eternal pessimist. But if there is one thing I have trust in at Coastal it is the administration. This will get done.

Ok..But please get it done quickly because so long as this is unresolved it will hurt your ability to recruit or to get OOC games scheduled.

I agree it needs to be resolved soon, but I've got to tell you, it sure doesn't seem to have hurt our ability to get OOC games on the books. We've done pretty well there in a short period of time.

(06-09-2016 11:24 AM)WolfBird Wrote:  

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:09 AM)WolfBird Wrote:  

(06-09-2016 11:00 AM)CoastalAlum2011 Wrote:  

(06-09-2016 10:38 AM)Tom in Lazybrook Wrote:  Yep, saw that and edited my post. Seems to me that the board seemed unmoved by the reduction in the overall cost. It looks like they want to see some hard cash money from donors going to this thing.

No. They want to see it not done. That is the reality of what's happening here.

How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

I agree that it doesn't look good but it isn't a money thing, it is an approval thing.

The CHE changed how they were approving projects and implemented a new process in which they will not tell us what we need to do to get a project approved. When we asked for specification all they said was "more".

The funny / sad thing is thy approved a $50 million project for SC with just $2 million in private funds committed. Coastal committed the same upfront plus $12.5 million over the life of the bond in private money for a project that ended up being nearly half as much. Still - it was a no-go with the CHE.

But I'm hearing they are working their tail off to get it resolved as quickly
as possible.

(06-09-2016 06:40 AM)alpha_eagle Wrote:  

(06-08-2016 10:55 PM)The4thOption Wrote:  

(06-06-2016 05:10 PM)ericsaid Wrote:  

(06-06-2016 04:52 PM)The4thOption Wrote:  Time for a hotel tax to help out?
Seems a simple investment to just tack on a little to each hotel bill during the summer and use that to help themselves (the hotel owners) secure more visitors in the fall.

An expanded CCU stadium that helps secure FBS membership will pay off for them. And it cost them nothing really. I know everybody has enough hotel taxes now, but I think that is why nobody will notice much. Who is going to decide not to go to Myrtle Beach because there is an extra $2,$3 or $4 per night charge on the hotel bill? Nobody.

It's private money! It's basically free!

How many hotel rooms are rented on Myrtle Beach during the summer?

Just trying to think outside the box here.

If it forces me over budget, I wouldn't go. Simply find a less expensive route such as camping though it is the less appealing option with the fire ants.

Well, considering that you are probably only staying 2 nights, if $4 to $8 total puts you over budget.... then yea. You should probably just stay home. Then consider that maybe without this kind of thing, there is no football game for you to go to in Myrtle that weekend.

I know the hotel tax is an easy way to generate revenue for 'public' projects, but as a very frequent business traveler I am incensed by the lack of regard for other peoples' money. Nothing p***es me off more than having a $4-7 tax applied to my hotel or rental car contract for something that I will never, ever get any benefit from. I believe it's called taxation without representation...seems like I've heard about that somewhere else.

Motel tax = crappy motels. Less rooms, less clean, dilapidated, and stale cini bun through triple pane bullet proof window for breakfast. Not wise for Myrtle Beach.

Motel tax levied in Myrtle Beach is not going to help Coastal in its stadium construction finance issues. Those taxes stay in Myrtle Beach, 10 or so miles from Conway where Coastal is located. A state tax may help, SC already has other Universities to fund. We are trying here at JMU to get donations to build a new Basketball facility so we know the struggle. I hope CCU gets its funding, and in the near future we can schedule games. Maybe our admin gets their collective heads out from where the sun don't shine and actively courts an FBS conference soon. Good luck Coastal build your FBS stadium, we'll be watching.

(06-09-2016 04:37 PM)JMUsince89 Wrote:  Motel tax levied in Myrtle Beach is not going to help Coastal in its stadium construction finance issues. Those taxes stay in Myrtle Beach, 10 or so miles from Conway where Coastal is located. A state tax may help, SC already has other Universities to fund. We are trying here at JMU to get donations to build a new Basketball facility so we know the struggle. I hope CCU gets its funding, and in the near future we can schedule games. Maybe our admin gets their collective heads out from where the sun don't shine and actively courts an FBS conference soon. Good luck Coastal build your FBS stadium, we'll be watching.

If it were to happen it would be a county tax. But it is moot as I don't think it necessary or the route we would go.

(06-09-2016 04:37 PM)JMUsince89 Wrote:  Motel tax levied in Myrtle Beach is not going to help Coastal in its stadium construction finance issues. Those taxes stay in Myrtle Beach, 10 or so miles from Conway where Coastal is located. A state tax may help, SC already has other Universities to fund. We are trying here at JMU to get donations to build a new Basketball facility so we know the struggle. I hope CCU gets its funding, and in the near future we can schedule games. Maybe our admin gets their collective heads out from where the sun don't shine and actively courts an FBS conference soon. Good luck Coastal build your FBS stadium, we'll be watching.

Not necessarily, Coastal has received a nice some of money from the "Riding On A Penny" sales tax, which does almost exactly what CoastalAlum stated. It is a county tax that has generated millions, that has allowed us to build new roads, and in CCU's interest build new academic buildings.

(06-09-2016 06:10 PM)SENOREIDA Wrote:  

(06-09-2016 04:37 PM)JMUsince89 Wrote:  Motel tax levied in Myrtle Beach is not going to help Coastal in its stadium construction finance issues. Those taxes stay in Myrtle Beach, 10 or so miles from Conway where Coastal is located. A state tax may help, SC already has other Universities to fund. We are trying here at JMU to get donations to build a new Basketball facility so we know the struggle. I hope CCU gets its funding, and in the near future we can schedule games. Maybe our admin gets their collective heads out from where the sun don't shine and actively courts an FBS conference soon. Good luck Coastal build your FBS stadium, we'll be watching.

Not necessarily, Coastal has received a nice some of money from the "Riding On A Penny" sales tax, which does almost exactly what CoastalAlum stated. It is a county tax that has generated millions, that has allowed us to build new roads, and in CCU's interest build new academic buildings.

The RIDE and the education penny taxes are two different taxes. Coastal hasn't gotten anything directly from the RIDE tax.

doesn't CCU already get money via hotel taxes in the state?

(06-09-2016 11:26 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:24 AM)WolfBird Wrote:  

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:09 AM)WolfBird Wrote:  

(06-09-2016 11:00 AM)CoastalAlum2011 Wrote:  No. They want to see it not done. That is the reality of what's happening here.

How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

You don't have to take my word for it. You'll come to find out pretty quick that Coastal's administration delivers. I doubt many things. I'm an eternal pessimist. But if there is one thing I have trust in at Coastal it is the administration. This will get done.

Can we borrow some of this administration? Our administration is the polar opposite of what you describe.

(06-10-2016 11:06 AM)Niner National Wrote:  

(06-09-2016 11:26 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:24 AM)WolfBird Wrote:  

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:09 AM)WolfBird Wrote:  How much you guys got in the bank right now from private funds allocated to the stadium upgrades?


Sent from my iPhone using Tapatalk

That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

You don't have to take my word for it. You'll come to find out pretty quick that Coastal's administration delivers. I doubt many things. I'm an eternal pessimist. But if there is one thing I have trust in at Coastal it is the administration. This will get done.

Can we borrow some of this administration? Our administration is the polar opposite of what you describe.

Coastal is no different from any other school in that state revenue/spending on secondary education is becoming less and less. Schools across the country are being funded less by tax dollars and more by tuition increases. If you want more athletically, student fees are increased or donors are asked to give more. Coastal, at this time, does not have a good donor base (athletic wise) and lack of private money is one of the objections from the CHE group. They want to see more private money raised but neither have they said how much is needed. A good rule of thumb is 20-30%. Coastal wants to use some funds reserved for capital improvements but the CHE will not approve. South Carolina is not a wealthy state but Clemson and USC are two of the best nationally in raising private money. So expect Coastal to reduce its expansion plans to a level that the CHE will approve and as stated before, I look for a stadium in the 15-18K size when the dust settles.

(06-11-2016 09:22 AM)Florida RedWolf Wrote:  

(06-10-2016 11:06 AM)Niner National Wrote:  

(06-09-2016 11:26 AM)CoastalAlum2011 Wrote:  

(06-09-2016 11:24 AM)WolfBird Wrote:  

(06-09-2016 11:19 AM)CoastalAlum2011 Wrote:  That information has not been made public.

All we have been told is, "we have made progress in our fundraising for the project" and that "we will move forward with the move, because we have multiple contingency plans."

This is all we know at the time.

But I will tell you this...Coastal may have a lot of catching up to do in many arenas compared to our new sun belt cohorts, but when it comes to administrative vision and ability, I would put Coastal up against anyone, anytime, anywhere.

I have zero doubt that they will get it done. They always succeed.

I gotta say, as a guy who was happy about the CCU add, this doesn't look or sound too good.

You can have vision to the moon and back, but if those dollars aren't there then they aren't going to give you the additional monies needed.

It's a Sun Belt tradition, getting used to doing more with less.


Sent from my iPhone using Tapatalk

You don't have to take my word for it. You'll come to find out pretty quick that Coastal's administration delivers. I doubt many things. I'm an eternal pessimist. But if there is one thing I have trust in at Coastal it is the administration. This will get done.

Can we borrow some of this administration? Our administration is the polar opposite of what you describe.

Coastal is no different from any other school in that state revenue/spending on secondary education is becoming less and less. Schools across the country are being funded less by tax dollars and more by tuition increases. If you want more athletically, student fees are increased or donors are asked to give more. Coastal, at this time, does not have a good donor base (athletic wise) and lack of private money is one of the objections from the CHE group. They want to see more private money raised but neither have they said how much is needed. A good rule of thumb is 20-30%. Coastal wants to use some funds reserved for capital improvements but the CHE will not approve. South Carolina is not a wealthy state but Clemson and USC are two of the best nationally in raising private money. So expect Coastal to reduce its expansion plans to a level that the CHE will approve and as stated before, I look for a stadium in the 15-18K size when the dust settles.

You constantly show your ignorance on this subject. Wow. Literally every sentence you posted had something wrong in it.

Coastal is not like any other school in the state. Do your research before you talk out the side of your neck.

Coastal is BY FAR the lowest funded public school in the state. We get less than 10% of our budget from the state as a school. Most public schools in our state get more than double what we get from a percentage of budget perspective. So no...we aren't "just like every other school in the state." Do your research somewhere outside of your own mind.

Also, no, SCar and Clemson are not just "masters at fundraising." In fact, U of SC just got approval from the exact same CHE board with MUCH less private funds pledged than we have, and it was for a similar athletic project. The bias is obvious with them and so is yours.

Again, stop pulling numbers out of your arse based in nothing but your misguided, uninformed opinions. Thanks.