Quote:
Originally Posted by blackmonsters
They spent $72 million on something that will make every dime of the $72 million back over it's lifetime.
The football stadium and basketball arena are the ONLY structures on campus that generate revenue.
People buy tickets to the games, buy snacks and knick-knacks, pay for parking and the schools sales ads on the scoreboard, stadium, etc...
It will create a Friday night bonanza for local restaurants, bars, hotels and other small business; thus helping the local economy.
Think bigger.
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You might have a point there.
Let's say seven hundred people attend each game and pay $15 each. That's $10,500. Then let's say the snack bar makes $5k, round it off..... Let's say $15k per game. My local high school plays ten games a year, that's $150k a year. For ten days of football.
But then.... Football is only played on Friday nights. On Saturdays, the youth league rents out the stadium. (The youth league pays for the stadium, but keeps entry fees and snack bar money.) So that's another $20k a year.
But that is only twenty days out of the year.
What about soccer? (Do they charge for soccer?) Baseball?
Then the school rents out the stadium for god only knows what. Our local high school rents out the parking lot for all kinds of things, special events, carnivals, "ham radio" sales, all kinds of shit.
Would they make $72 million back? Doubt it. They would have to make $2.4 million per year to pay it off in thirty years.