Appftw wrote:50 million dollars, if I remember correctly but the pie chart is out there somewhere. With the Campaign drawing to a close, we should be just about to ready to improve facilities. For me, the only way to do it right would be to demolish all of the existing stands and start anew. Otherwise we will continue to get a piecemeal, disjointed look. We can get up to 30,000 seats if we horseshoe in the Owens side and that would allow us to still keep the hill for overflow seating.ASUMountaineer wrote:How much of the "Campaign for Appalachian" funds are set aside for athletics, and will those funds be used to pay down existing debt?Saint3333 wrote:These are all assumptions based upon the figures available to the public and should not be taken as facts:WVAPPeer wrote:FOR YOU SAINT - I know you are numbers man and it seems no one knows the status of the current debt from the previous enhancement campaign - Do you remember if there was a set time put forth to pay off that debt? - How much was that one in the beginning? and what would be your guess for the cost of say adding 5k seats incrementally? ---
I don't know, but I would imagine it would be a 10 year bond. Based upon the USA Today numbers the building/facility expenses were $3.6M for 2013, which is a significant increase from 2012. I would assume the money raised from tickets sold to boxes/club level and yes the money from the bank tickets sold were used to pay some of the debt down.
The original amount of the project was $60M, 50% from donations, 50% from fees. We raised ~$20M as of a few months prior to building it, but that was the last number made public via goasu. The actual amount of the projects was north of $60M so the actual amount borrowed is unknown to me.
As to the cost of adding 5k seats. That could be done for a few million, but to do it the right way with a long-term multi-phase approach would be twice the cost.
Do we not have an architect among us to draw up a multi-phase plan?

http://campaign.appstate.edu/goals