Tech Fund "process fee"

[aeromech]

mookie43,

I hear what you are saying; but the AT Fund FAQ still says:

When are you going to reseat season ticket holders for football and basketball?
Reseating will occur no sooner than every five (5) years. The last reseating for basketball occurred in October 2001 and for football in May 2003. [from ramblinwreck.com]

I interpret that to mean that there will be no reseating in 2007 (and there isn't supposed to be) and that the possibility for reseating in 2008 is still open. I'm still waiting for them to come out and officially cancel the reseating; but they have been somewhat silent on the subject (except to verify there would not be a reseating this year). Sometimes what people don't say is as important as what they do say.

Of course the other valid possibility is that the AT fund website simply needs to be updated.:o

 

[thwg]

THWG, this is where scare tactics have been utilized by Rad. I'm not saying that we blew it financially, but remember this:

1) The new stadium holds 12,000 actual more seats than the old stadium. At two games a season that are sold out, UGA, AUB, etc., the NEW income annually is $2,400,000 when using $50/game. The dumb AA is undercharging here at only $35? That's $1,680.000 new income.

2) The club seats were intended to be our PSL's. They eventually sold out last year. At about 3000 seats, this should bring in approximately $1,500,000 annually (3,000 x $500).

3) We've averaged 52,000 fans or so since the new stadium opened. That's about 9,000 more fans per game for three non sellout games or $540,000 annually.

All told, we should be bringing in about $4,400,000 new income since the new stadium was built (not including added parking or food sales). If they charged the going rate of $50 a game (big games) then this number would have been $5,160,000 new income.

I think he did totally miscalculate demand but by not sharing information they are effectively creating false price controls at least for those of you who have antied up and paid the ridiculously overpriced new fee. I do think it's less scare and more just poor modeling on their part. My guess is they thought they could geenrate another $7 million a year in revenue and it might actually be $2 million when all is said and done.

You're double and maybe triple counting above. UGA for instance pays $50 so you're probably right there but you can't then count the increase in attendance since the majority of the new tickets folks a) either didn't pay up til now (more students per capita), more players passes, more bad days, etc.

Also, some or a lot of the club seats being bought or that were bought last year were not new "donors". they were just folks who moved to the club seats since the price was dropped so dramatically.

Anyway got to run...but you are right to some degree but I truly don't think they are scare tactics, just not good contextulaiztion of the GT fan and donor.