Originally posted by JPhoboken:
Originally posted by TRU2RU:
Originally posted by Exit117:
Originally posted by bitnez:
There was a time when I championed this type of stuff. Not anymore. Just so tired of RU sports constantly looking for money. Yes, I get it. You need money to compete with other schools. I am not denying most of her comments are accurate. I guess I have reached that point where I think it's ridiculous to complain that we don't have $50 million to build an arena to play basketball. Anyway, just my opinion. I am sure I am in minority.
Why do you think it will cost $50 million to build a new arena in this area? I'm thinking at least $150 million, since it cost $100 million just to add 12,ooo seats to HPS. Crazy cost to do anything in the tri state area.
Regardless of cost, how much did the State pay for improvements so that the Giants & Jets owners could build a new stadium which is privately owned, while RU is the State University. How much debt did the State force on RU to take over UMDNJ, last I heard it was in the area of $750 million with no money coming from the State.
I pointed this out on the CVS thread on the bb board. Barchi, just put Rutgers in debt for over 500 million dollars with the merger for an asset that some are valuing right now at 50 million. How is that for a subsidy?
So Barchi goes on a massive spending spree for over a half billion dollars, and then decides a Big Ten school can not borrow any money to be competitive in athletics. Remember, the charter for the BIG says the schools will strive to be the best academically and athletically. That is the conference we have joined.
We can't even get leadership from him to help push for a facilities upgrade and get a plan put together so they can go to donors and corporate sponsors for help.
Again, this from a guy who had no issue putting RU in the hole for half a billion, now says RU won't spend any money on athletic facilitiy upgrades for 6 years. How does this reconcile?