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hoptownukfan
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JDHLaw11 said...
Thanks for the confirmation, Matt. I was going off of the Committee Report, which is either wrong or an incorrect draft saved on the system.
Hate to hear it, but now I'm curious as to why this document accurately reflects most of the bonding and improvements that have been reported publicly (Rupp, soccer, etc), but inaccurately reflects the bonding approval specifically for football.
hoptownukfan
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Jessdogky said...
DUDE? SERIOUSLY? Did you listen to the same interview I did? Usual not my fault? what are you talking about? talk about completely misrepresenting what MB did say. He said 3 things that stand out:
1. Rupp Arena Renovation is in neutral, not on the same page between UK and City. 2. He was asked about confidence in Joker, and he said confidence is a scary word, he said he's comfortable with how hard Joker is working, but he HAS TO WIN GAMES. 3. He said matter of fact, they want/need 75-80 millions dollars for football renovations, but they can't get the bonding from the Legislature.
I swear to god the amount of venom from some of our fans toward MB is ludicrous, and your post sir is right up there with that. GEEEEEEZ...........
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OptimusBlue5716
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hoptownukfan
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cobbycobb said...
You are 100% correct. Optimus-Blue was hearing what he wanted to hear.
FACT: UK does not have it's own bonding capacity and the STATE LEGISLATURE won't allow them to have it. We are the ONLY team in the SEC that has to deal with this burden.
FACT: The fat cat donors aren't helping UK out in this capacity. They are willing to donate all the money we ever request for basketball but that's it. Their pens are missing when it comes to football.
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Matt May said...
So after some more discussions/conversations/reporting, here is what it boils down to:
UK was denied the money FROM the state. What the house/senate did approve was basically that if Kentucky's athletics department can come up with $75 million they don't have to go through the whole process of getting the usage for football/Commonwealth Stadium approved again. They can now use the money for those purposes if they can come up with the cash on their own.
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DACats86 said...
Is there an expiration to that authorization (e.g., if it takes 10 years to raise $75 million, to they still have the authority to spend it on football)? Anyhow, you, Drummond and Bird should be able to come up with that pocket change. Just think, the CatsPause/247Sports Commonwealth Stadium!
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JDHLaw11 said...
So it appears that $75 million (in some form or fashion) is authorized for Commonwealth improvements, pursuant to the statute, but the state will not be providing its bonding capacity to be used? Is that a correct statement, Matt? And is that same statement applicable to the $3 million for suites and nearly $9 million for multipurpose (read: potentially recruiting) addition?
Even without the bonding capacity available, at least we've obtained authorization to get funds from somewhere, which apparently did not exist prior to this budget. A step in the right direction, at least. And proof that maybe our administration is making an effort with respect to football.
At least we can now say that UK is authorized to spend nearly $90 million on football improvements and the question becomes where does the money come from.
ShoesSwayedBlue
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DACats86 said...
SSB, I think you just nailed the reason that these football improvements will never happen - they will never allow football to compete against any private funds needed to remodel or build a new Rupp (not that football would actually take any funds from basketball anyhow). Only chance football has is if the Rupp renovations are state funded.
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MinterWonderlnd
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Whitaker568 said...
I still don't understand how in 2012 we're the only the SEC school to have this issue of Bonding?
You know I've been a fan of UK sports(a real fan, not just a kid listening to stories of the Cats) since 1975. These same conversations have been going on for years. It's become most taxing!
Excuses! That's the theme of UK football. You can get mad at me, call me ""LOD"" (which is not even close), or whatever you like because it doesn't matter. If people would just be honest you know I'm right. Want some examples?
1. UK can't win in the SEC. Really? Why not?
2. We can't get a ""Big Name Coach""! Why? We did it in Basketball. So what's stopping us? Money?
3. We can't build or remodel in football like other SEC teams because we don't have the boosters! Well maybe if you take care of the #2 and he takes care of #1, the money will come next.
4. We can't get bonded! So sick of this excuse.
5. UK is a BB school! Not gonna touch that one because I've seen 70,000 people going nuts after beating the #1 team in the Nation! Don't tell me UK fans don't love FB.
Just stop with the excuses. Get to the reasons behind why in 2012 we're facing the same issues we did back in 1980, 81, 82, 83,......................!
I love UK football and I want it to be a winner. Until we stop making excuses and do something about it we'll have this same topic in 2020 and beyond.
This post was edited by cat in the hat on 4/13/2012 at 8:12 AM
cat in the hat
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Kentucky Legislature approves $75 million in bonding