OT: Penn State approves $700 million stadium upgrade
- Thread starter RUforlife
- Start date
Penn State Beaver Stadium renovation FAQs: Early illustrations, capacity questions, and more
Penn State is officially moving forward with renovating Beaver Stadium. Now, we have an early look at what it could look like.
Penn State is not a state entity. It is state related as it receives some funding from the state but it is not a state school. It is the same as Pitt, Temple and Lincoln Universities. The employees and buildings are not owned by the state.
No the state won't because Penn State is not owned by the states. The bonds are issued by the university, backed by the university and insured by private firms. They are not state issued bonds.
They will host play off games there. There is no roof requirements to host the playoffs. Part of the renovation is to allow the venue to host playoff games.
We'll see
With Met Life in the shadow of NYC, unless you guys add a bunch of suites, it'll be a hard sell
Not to mention the cold weather in December
Early rounds yes, if you guys are in and are the higher seed, you'd therefore be hosting
Later rounds at neutral sites, I'd be very surprised
Let me get this right. The state passed an act creating Penn State.. but it is not controlled by the state.. the state has no ownership over it? Did the state grant the lands for it? I read they did not contribute toward maintenance for the first 20 years or so.. but surely the state provided something of value before the Morill Act funds came Penn State's way.
Still bugs me how foolish New Jersey politicians and Rutgers were and how good Cornell's were in selecting lands and how to use the grant. But I suppose we got lucky that the Governor was having a feud with Princeton when the Land Grant thing happened. I wonder what Penn State did with the granted lands.
1st round games the higher seed gets home field. After that round, no way in hell are they getting a game there without a dome and anyone who says otherwise is an idiot. Those rounds are reserved for the current bowl tie in games in warmer weather stadiums.
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I didn't say they are state issued bonds. I said they would be guaranteed by the state. Reading comprehension on this site is at an all time low.
No one expects or thinks Penn State going to get any of the neutral site game. It has nothing to do with the stadium. The entire town not big enough to host it. This is about hosting the first round games that will be on campus.
Then why would they even say it?
Even the current dump in its distorted iteration would be hosting, as would Presumedly all higher ranked teams
If you are going to call someone one out for reading comprehension you should reread what I said. The bonds are not guaranteed by the state. They are guaranteed by a private capital companies. Barclays Capital wrote the last ones. These are not municipal or government bonds as Penn State is not a government agency.
They are referring to hosting first round games. Beaver stadium is not winterized so a prolonged freeze could have prevented Penn State from hosting. Without the renovation Penn State is very likely to not be able to host the games and be forced to play the home game at a nearby stadium.
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It is a very strange and unique situations. It the exact reason Penn State was never forced to release Paterno salary. Back in the early 2000s the Patriot News sued to have the university release Paterno salary. It went to the state Supreme Court which help held that no Penn Stare employee is a government employee so their salary is not public like a teacher or a police officer. Penn State operates under the grey state related as a quasi public private venture. However because the school allows employees participate in the public employee pension if the employee opts to participate the contribution and salary is public information.
If Pitt is so financial responsible why are they spending $240 million Volleyball arena for volleyball team that loses money and it fiscally irresponsible to spend $700 million on a program that makes $110 million a year. I don’t understand your obsession with uses per day. So do you think Accisure stadium 15 days has a smaller economic impact per year then say Gateway High School gym because it host games 90 times a year?
If you wanted schools to be fiscally responsible you would lobby for Pitt to drop athletics as it loses millions a year. Last year Pitt athletics lost $36,972,180. Meanwhile Penn State athletics is completely self sufficient and had a $10.7 million surplus that same year.
I have no earthly idea what "not winterized" means, let alone why that would preclude them, or any other cold weather team, from hosting
LOL!!!!
We are a "State Related" University we can do what we want.
Pitt brings in $1.16 Billion per year in outside Research Grants and is recognized as an outstanding Global Research University with their #45 ranking in US News (2024) Global Universities.
Pitt with an Endowment of $5.5 Billion is financially Strong (I realize endowments are restricted).
As I stated previously, the ROI of Research Facilities is significantly better than on Sports Facilities.
Save the $700 million and spend it on Research Facilities. Your fans will still come and sit on benches.
Well Penn State will have to address the financial issues confronting the Branch Campuses because the state will not because you are a State Related University.
HAIL TO PITT!!!!
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I also found that odd also.
Maybe the pipes freeze?
I don't know for sure but would imagine it could get cold out there by Thanksgiving (normal time the season ends).
Wouldn't think it would ne much different for a late December game v. a late November game.
I have to say - of all the side and off topic conversations that occur in threads, my least favorite is the reoccuring "Pitt/PSU pissing match over state related and spending" is my least favorite.
I also find it odd that other perennial playoff teams in cold weather climates (Michigan and OSU) haven't indicated they'd be redoing their stadium to host playoff games with the winterizing schtick
Hopefully those $$ will help beautify the stadium because it might be the ugliest stadium in the country
Yes and they released his salary but it was only the part that was paid directly from the University that counted towards his pension. It didn't include thinks like the Nike or TV money.
My understanding is that it's talking about things like insulating pipes so that they don't freeze (Michigan and Ohio State's stadiums aren't exposed to the elements quite like Beaver Stadium), and sub-ground heating so that the grass is still growing into the harsher parts of December (neither Michigan or OSU have natural grass).
