Upcoming announcement for stadium renovations? Found these advertisements newly posted around Bobby Dodd.

roadkill

roadkill

Helluva Engineer
Messages
1,826
leatherneckjacket said:
some of those rates are expiring soon and will have to be refinanced at a much higher rate.
Click to expand...
Not disputing you at all, but I've seen this noted previously and wondered about the source of this information.
I imagine that the terms of the loans are available publicly somewhere, but I haven't found them.
 
forensicbuzz

forensicbuzz

21st Century Throwback Dad
Messages
8,839
Location
North Shore, Chicago
GTJake said:
I'm still not convinced the ACC is soon to dissolve, but its extremely gratifying that Cabrera and JBatt have made a preemptive strike, informing the college football world we are serious about remaining with the big boys in case it does ...
Click to expand...
I think everyone is positioning for 2030, 2034, and 2036 (unless CFB goes nuclear, then all bets are off). I think in 2029/30, the B1G will renegotiate their contract for 6 years to coincide with the end of the ACC contract and that a handful of schools will leave. I think there will be schools that will leave the ACC for the SEC in 2036 and the SEC will proactively negotiate their 2033/34 contract to expand in 2036 for the ACC schools that will be joining. But, all ACC schools will remain in the ACC until 2036 (unless someone tries to buy out a year or two like Texas and Oklahoma did). These dates are just too close unless it all blows up (which I think is quite likely to happen).

Georgia Tech is positioning themselves to compete at the highest level. It remains to be seen what that means. I doubt Cabrera will be president when all this happens. CEO's don't usually stick around 15-20 years.
 

billga99

Ramblin' Wreck
Messages
821
roadkill said:
The information in that article isn't necessarily wrong, but leads to incorrect conclusions in ways cited by @RamblinRed above.
Click to expand...
Notice that this gives no value to the ACC Network vs. being split 50/50 with ESPN. Every team got significant money from the ACC Network being in full distribution last year (read being put on Comcast) and that is not noted in this article at all.
www.on3.com

Financial records reveal Power 5 conference revenues for fiscal year 2022

Numbers have been released for how much money Power 5 schools brought in during 2022. Here is revenue for the Big Ten, SEC, ACC, others.
www.on3.com www.on3.com
pittsburghsportsnow.com

ACC Revenue Hits New High, Still Behind SEC and Big Ten

The ACC recorded record revenue in the 2023 fiscal year, despite the uncertainty that has surrounded both the conference and the entire college football landscape. According to a report by Steve Berkowitz of USA Today, the ACC brought in $707 million in revenue last year, which was third most...
pittsburghsportsnow.com pittsburghsportsnow.com
It's not great compared to the Big Ten and SEC but a whole lot more than 17MM/school
 
leatherneckjacket

leatherneckjacket

Helluva Engineer
Messages
2,078
Location
Atlanta, GA
roadkill said:
Not disputing you at all, but I've seen this noted previously and wondered about the source of this information.
I imagine that the terms of the loans are available publicly somewhere, but I haven't found them.
Click to expand...

I do not know where to find it either anymore. I do remember seeing a document a few years ago that showed the various revolving long term debt that we had with the years that each segment would roll off and require refinancing. There was a good portion of debt with low rates that roll over in the upcoming years. But, again, I do not have that document anymore and cannot speak to specifics about how much debt requires financing over the next few years or what the rates are for those expiring loans.
 
roadkill

roadkill

Helluva Engineer
Messages
1,826
leatherneckjacket said:
I do not know where to find it either anymore. I do remember seeing a document a few years ago that showed the various revolving long term debt that we had with the years that each segment would roll off and require refinancing. There was a good portion of debt with low rates that roll over in the upcoming years. But, again, I do not have that document anymore and cannot speak to specifics about how much debt requires financing over the next few years or what the rates are for those expiring loans.
Click to expand...
There was a rather alarmist article published by FTRS in 2020 (here: FTRS Debt article ) implying that the GTAA was approaching a financial cliff concerning bond maturities. We’re past the short-term problems now (whether they actually existed or not) and appear to have avoided most of them via timely refinancing at low interest rates.

The GTAA’s current long-term debt has several distinct components. According to the FY2022 GTAA Financial Statement (see pages 8 and 9 here: GTAA FY2022 Financial Statement), it’s virtually all long-term fixed-rate bonds. I did not see evidence that we would need to refinance any at a higher interest rate. If anything, the GTAA has done a good job of taking advantage of historically low rates to refinance much of its debt over the last few years.
 
GTJake

GTJake

Banned
Messages
2,066
Location
Fernandina Beach, Florida
forensicbuzz said:
I think everyone is positioning for 2030, 2034, and 2036 (unless CFB goes nuclear, then all bets are off). I think in 2029/30, the B1G will renegotiate their contract for 6 years to coincide with the end of the ACC contract and that a handful of schools will leave. I think there will be schools that will leave the ACC for the SEC in 2036 and the SEC will proactively negotiate their 2033/34 contract to expand in 2036 for the ACC schools that will be joining. But, all ACC schools will remain in the ACC until 2036 (unless someone tries to buy out a year or two like Texas and Oklahoma did). These dates are just too close unless it all blows up (which I think is quite likely to happen).

Georgia Tech is positioning themselves to compete at the highest level. It remains to be seen what that means. I doubt Cabrera will be president when all this happens. CEO's don't usually stick around 15-20 years.
Click to expand...
I don't know about thta ... I think that maybe Cabrera together with Jbatt are this generation of GT faithful's Homer Rice.
 

LT 1967

Jolly Good Fellow
Messages
497
I believe one of the more important statements in the 500-million-dollar announcement is the following:

"Full Steam ahead is part of Transforming Tomorrow, the campaign for Georgia Tech, the Institute's more than $2 Billion Comprehensive Campaign".

This indicates to me that President Cabrera is pulling the total GT team together with the GTAA and the Georgia Tech Foundation working together to improve our Academic programs as well as our Sports Programs.

Hopefully, this ALIGNMENT will help improve our sports programs so GT will continue to participate at the highest level.
 
Jacket05

Jacket05

Ramblin' Wreck
Messages
686
I don't know how I feel about the making the midfield logo an ad for the fundraising campaign. Personally I would have rather had it as one of the secondary logos that get placed around the 25 on both sides. It just seemed a little tacky to me.

That being said, they brought it up in the broadcast, likely due to the prominence of it, and mentioned we had already raised 300 mil stating that it showed we are serious about building the program. Plus, it was mentioned again in the ACC Huddle after the game. So I guess it did bring the positive press coverage showing everyone that we are serious about competing at the highest level. The combo of J Batt and Cabrera is huge for Tech right now!
 
stinger78

stinger78

Helluva Engineer
Messages
4,306
LT 1967 said:
I believe one of the more important statements in the 500-million-dollar announcement is the following:

"Full Steam ahead is part of Transforming Tomorrow, the campaign for Georgia Tech, the Institute's more than $2 Billion Comprehensive Campaign".

This indicates to me that President Cabrera is pulling the total GT team together with the GTAA and the Georgia Tech Foundation working together to improve our Academic programs as well as our Sports Programs.

Hopefully, this ALIGNMENT will help improve our sports programs so GT will continue to participate at the highest level.
Click to expand...
CBK said this when asked by the Huddle after the game. Athletics is now part of the campaign for total excellence for the Institute.
It’s about darn time! Thank you President Cabrera and Board!
 

Flajacket

Jolly Good Fellow
Messages
121
RamblinRed said:
While I generally agree with you and have always said that if I won the lottery the big pile of money i'd give to the AA could only be used for 2 things - paying down debt and funding scholarship endowments - this is just symptomatic of what college athletics, especially college football has become.

Everybody is just spending more and more in an ever expanding arms race that appears to have no end. The end will come eventually when the money flows don't match the spending and programs start going under. That is basically where college athletics is headed.
Click to expand...
Funny that you mention that as I had a similar thought.

Since I don't play the lottery, I doubt I will be a good source of deep funding.
 
Top