Future of Upper North Stands?

wishbone said:
Ya'll talk abut supporting the program...the new edge is about player performance improvements...not Admin offices. Geez.
Unfortunately the original Edge was a infill of the old Naval Armory. Downhill from there. Then we hired the out of town dopes that ööööed up the north end with the seating abortion.

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First, have you ever seen our facilities? We have a great weightroom (more than one), brand new locker room (the second brand new locker room for football since 2004), and multiple S-A recreational areas, and incredible meeting rooms. No, I've not seen a bowling alley, but I ask: do we need that to enhance competitiveness? If so, we could probably build one for a couple mil. Here is a link to GA Tech dedicated S-A facilities.

Second, we have an enormous debt issue totaling $277M. I think we can navigate our way through it if we are smart about it, but if we could take about $50M of that AI2020 money and almost pay off the next 3 years it would be HUGE for the program. The real crunch is this year, next year, and 2024. The rest is spaced out so that it's workable, though future fund-raising would be helpful. Here is a link to the latest GTAA Financial Statement. The GTAA has about $160M in investments held by the Foundation. Most of this is various types of endowments. I'm not sure what the make-up of that investment is, if it includes funds raised in the AI2020 campaign. It has gone up about $60M since 2019, though, so I'm thinking it does include those funds. The report doesn't specify.

Third, the GTAA has about 173M in capital assets. Depreciation for 2022 was booked at about $9M. Budgeted maintenance is only about $4M per year. Deferred maintenance was paid via a $10M bond issue in 2019 for the Rusty C. It seems to me that an organization that is debt strapped and that holds almost $175M in capital assets should not rely on incurring more debt to service long-term maintenance needs of its various physical plants.

Therefore, to replace the facilities in the first paragraph above with new ones rather than to fund debt relief, or better yet, some debt relief while establishing a deferred maintenance fund, seems to me to be penny wise but pound foolish. But again, maybe that's just me.
 
stinger78 said:
First, have you ever seen our facilities? We have a great weightroom (more than one), brand new locker room (the second brand new locker room for football since 2004), and multiple S-A recreational areas, and incredible meeting rooms. No, I've not seen a bowling alley, but I ask: do we need that to enhance competitiveness? If so, we could probably build one for a couple mil. Here is a link to GA Tech dedicated S-A facilities.

Second, we have an enormous debt issue totaling $277M. I think we can navigate our way through it if we are smart about it, but if we could take about $50M of that AI2020 money and almost pay off the next 3 years it would be HUGE for the program. The real crunch is this year, next year, and 2024. The rest is spaced out so that it's workable, though future fund-raising would be helpful. Here is a link to the latest GTAA Financial Statement. The GTAA has about $160M in investments held by the Foundation. Most of this is various types of endowments. I'm not sure what the make-up of that investment is, if it includes funds raised in the AI2020 campaign. It has gone up about $60M since 2019, though, so I'm thinking it does include those funds. The report doesn't specify.

Third, the GTAA has about 173M in capital assets. Depreciation for 2022 was booked at about $9M. Budgeted maintenance is only about $4M per year. Deferred maintenance was paid via a $10M bond issue in 2019 for the Rusty C. It seems to me that an organization that is debt strapped and that holds almost $175M in capital assets should not rely on incurring more debt to service long-term maintenance needs of its various physical plants.

Therefore, to replace the facilities in the first paragraph above with new ones rather than to fund debt relief, or better yet, some debt relief while establishing a deferred maintenance fund, seems to me to be penny wise but pound foolish. But again, maybe that's just me.
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Great Post! Thank you! I agree we should take the $50M of that AI2020 money you suggested and pay off the next 3 years it would be HUGE for the program.
 
stinger78 said:
First, have you ever seen our facilities? We have a great weightroom (more than one), brand new locker room (the second brand new locker room for football since 2004), and multiple S-A recreational areas, and incredible meeting rooms. No, I've not seen a bowling alley, but I ask: do we need that to enhance competitiveness? If so, we could probably build one for a couple mil. Here is a link to GA Tech dedicated S-A facilities.

Second, we have an enormous debt issue totaling $277M. I think we can navigate our way through it if we are smart about it, but if we could take about $50M of that AI2020 money and almost pay off the next 3 years it would be HUGE for the program. The real crunch is this year, next year, and 2024. The rest is spaced out so that it's workable, though future fund-raising would be helpful. Here is a link to the latest GTAA Financial Statement. The GTAA has about $160M in investments held by the Foundation. Most of this is various types of endowments. I'm not sure what the make-up of that investment is, if it includes funds raised in the AI2020 campaign. It has gone up about $60M since 2019, though, so I'm thinking it does include those funds. The report doesn't specify.

Third, the GTAA has about 173M in capital assets. Depreciation for 2022 was booked at about $9M. Budgeted maintenance is only about $4M per year. Deferred maintenance was paid via a $10M bond issue in 2019 for the Rusty C. It seems to me that an organization that is debt strapped and that holds almost $175M in capital assets should not rely on incurring more debt to service long-term maintenance needs of its various physical plants.

Therefore, to replace the facilities in the first paragraph above with new ones rather than to fund debt relief, or better yet, some debt relief while establishing a deferred maintenance fund, seems to me to be penny wise but pound foolish. But again, maybe that's just me.
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I don't know if you've ever seen other schools' weight rooms, but ours is severely lacking. It has to be the worst in P5.
 
We definitely need a bigger and nicer weight room. Our current one is in the bowels of the Wardlaw Center, with low ceilings and no natural light. CPJ wanted to knock out the lower south stands and expand the weight room to look out onto the field. I don't think wee need to do that but we do need to do something. Other schools weight rooms puts our to shame. A new weight room would really help in recruiting. The Wardlaw Center needs to be overhauled for athletics and not for conference meetings or events. Move some athletic offices over there. It's a waisted space as it is now.
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GT98 said:
Is that allowable?
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I think legally they would have to notify donors and give them the opportunity to withdraw their donation, or something to that effect. You cannot solicit donations for one purpose and then use them for another. However, part of the AI2020 is for capital updgrades, IIRC, so in this case, maybe not? That's really a legal question and I'm not the person to answer that.
 
stinger78 said:
I think legally they would have to notify donors and give them the opportunity to withdraw their donation, or something to that effect. You cannot solicit donations for one purpose and then use them for another. However, part of the AI2020 is for capital updgrades, IIRC, so in this case, maybe not? That's really a legal question and I'm not the person to answer that.
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You are correct. The discretionary fund donations are not earmarked, capital plan donations are targeted. The same is true for scholarships. If you place any prerequisites on a scholarship (like the SA must be in a certain major, or a minority for example) they cannot be used for any other purpose, unless permission is asked and given.
 
DaDodd said:
We definitely need a bigger and nicer weight room. Our current one is in the bowels of the Wardlaw Center, with low ceilings and no natural light. CPJ wanted to knock out the lower south stands and expand the weight room to look out onto the field. I don't think wee need to do that but we do need to do something. Other schools weight rooms puts our to shame. A new weight room would really help in recruiting. The Wardlaw Center needs to be overhauled for athletics and not for conference meetings or events. Move some athletic offices over there. It's a waisted space as it is now.
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There’s tons of natural light if you are getting your reps in on the sideline.
 
GaTech'06 said:
We have the facilities we have and I think we should use them to our advantage. The north end zone (lower and upper) were the loudest and most spirited sections in the stadium this year. The noise generated from this area directly impacted Duke's play calling and helped to win that game.

Coach Key in his presser said fans can help the team by going to the games and supporting the team. I think we need to turn Section 215 and 216 above the rail into an overflow student section. No reason students on campus should not be at the games.
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The student section needs to be in the lower east like it used to be.
 
JJacket said:
You talking about that time I snuck large Marge into BDS late one night for a whoopie session in the old North stands?
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Laugh all you want, but I did in fact make history with an unnamed coed in the middle of the GT at the 50 yard line on the original AstroTurf.
 
gtleviathan said:
I think it would look pretty cool. :dunno:

(Not saying it's the best use of the money, of course.)
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The rendering does look pretty cool. I just wonder if tearing down a functional building and replacing it is the best use of money either. Contrasted with keeping the existing building and using the money for something new. We
 
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