QUOTE (OldFan @ Nov 21 2009, 02:04 AM)

QUOTE (cornerrat @ Nov 20 2009, 04:58 PM)

All.... They will raise the money..... Now I am a bit torn on a idea of having and buying reserved seats in high school. But how about selling seats in the middle of the stands say from one 40 to the other. Kind of like what do they call them in the pro's ps something. In addition to the price of the seat for the year an extra 150 or 200 per seat. Umm uhh, I will take four..... Walking up into my seat two minutes before the game would be sheer bliss. Ratsy
Skyboxes. Put the pressbox on the visitors' side to allow more
Skyboxes. I really do believe that there are sufficient well heeled potential private and/or corporate fans to pay , say. $250 a game for comfortable, spacious, WEATHERPROOF reserved seats.
I'll tell you, Skyboxes, Bricks, etc. are great fundraising ideas, but that is not going to get it done. It is going to tke LARGE commitments from a number of people.
I've been directly involed with a multi-million dollar campaign at SHG, as well as raising money to fund annual operating expenses. I really don't, however, have a firm grasp of what is going on now, aside from an in-law relitave on the campaign steering committee. I am sure I'll get an update at Thanksgiving.
From my perspective (which, depending on who you ask, is anywhere between wise or wacked) . . .
Think of it this - most of us attend the Mostaccioli Dinner. The dinner is a great tradition and fundraiser. Most people think it really helps the school out from a financial standpoint. It IS a help, as it might net $100,000 on a given year.
I am going to make an educated guess here that SHG operates on about $10 million per year. The Mostaccioli dinner's $100,000 has now offset 1% of the cost to keep SHG going on an annual basis . . . 1%.
I also realize the dinner is a tradition and great for PR - which helps with other donations.
However, bricks and skyboxes, reserved seating, the gate, etc. aint going to get it done - another $6 MILLION is needed. It seems to me things like that would be more realistic as a means of offsetting the cost of simply maintaining the facility, as I hope it would be self-sustaining.
My largest fear is SHG raises $4 million or so and (since they promised) begins to build. Then they go ahead and take a loan out in in the amount of $8 million for the actual project, putting the actual money raised in a reserve fund they use to pay down the $8 million loan over time. So, imagine its 5 to 10 years from now and the $4 million accuont has been drained, with a multi-million principle balance remaining on the original note. What happins? Guess what - the Mostaccioli dinner does not save SHG - tuition goes up fast and teachers get paid less. That's how it works.
Something close to this has happened before, and from what I hear, SHG has learned from it's mistake. The next $6 million has to be fre and clear. No additional debt can be taken on to do the project.
All I do know is $6 million is a long way to go, and some big people or organizations are going to have to come through to get it done.
I hope they get it - but it's a lot harder than most think . . .