nodak651 Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 6:15 PM, UNDBIZ said: The 52% was implemented with the construction of the Betty. I'd assume at the time, they looked at the costs and said they would need "X" revenue to cover the cost of the bond. 52% was what was needed to generate that revenue. Whether that's still the case with the increase in ticket revenue is up for debate. Expand So in reality, the Engelstads didn't donate the money for the Betty. Quote
Siouxperfan7 Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 6:06 PM, sprig said: At face value 52% seems like too much, but there is no one here that can explain why UND agreed with it. Certainly you are clueless. Until someone involved in negotiations explains it, well just continue to run around in circles here. It's become a waste of time. Expand This is an online message board. The epitome of a "waste of time." 4 Quote
Popular Post SWSiouxMN Posted June 27, 2018 Popular Post Posted June 27, 2018 The offseason sucks Lets get to August already. 6 Quote
Walsh Hall Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 12:48 PM, nd1sufan said: I do realize that there are expenses to selling tickets. But if those expenses are costing you 52% of the ticket revenue, you are doing it wrong. The staff at the REA selling FB tickets will be there anyway selling for other events. If it would take say 5 to 10% that would be reasonable for FB tickets. If UND hired one or two people to sell FB tickets on their own, maybe it would cost them 15 to 20%, not anywhere close to 52%. Expand One or two people handle all entrances, ticketing, sales, scanning, reentry, set up the system, monitor the system... for a football or hockey game? Good luck with that 1 Quote
Siouxphan27 Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 6:17 PM, nodak651 said: So in reality, the Engelstads didn't donate the money for the Betty. Expand I've heard rumblings about changing the name to the Bet You Don't Know Who Really Paid For This.....Who? Center. Quote
UNDColorado Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 7:01 PM, Walsh Hall said: One or two people handle all entrances, ticketing, sales, scanning, reentry, set up the system, monitor the system... for a football or hockey game? Good luck with that Expand I believe this would be Alerus Center staff...including people who buy tickets day of at the window. 1 Quote
BarnWinterSportsEngelstad Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 6:17 PM, nodak651 said: So in reality, the Engelstads didn't donate the money for the Betty. Expand On 6/27/2018 at 8:57 PM, Siouxphan27 said: I've heard rumblings about changing the name to the Bet You Don't Know Who Really Paid For This.....Who? Center. Expand I don't have time to dig for this today, but from my recolection: Betty donated some $ for The Betty Quote
BarnWinterSportsEngelstad Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 6:21 PM, Siouxperfan7 said: This is an online message board. The epitome of a "waste of time." Expand It used to be entertainment with Moser and DaveK? Quote
Milford torgerson Posted June 27, 2018 Posted June 27, 2018 On 6/27/2018 at 6:16 PM, nodak651 said: Anyone know when our AD is going to begin his podcast? He said he want's to do a monthly podcast to clear things like this up. Believe he did this at EWU, as well. Expand He isn’t going to say anything more than what’s been said on this board . Those that know are staying silent and the AD will tiptoe around it. 1 Quote
FSSD Posted June 28, 2018 Posted June 28, 2018 On 6/27/2018 at 12:48 PM, nd1sufan said: I do realize that there are expenses to selling tickets. But if those expenses are costing you 52% of the ticket revenue, you are doing it wrong. The staff at the REA selling FB tickets will be there anyway selling for other events. If it would take say 5 to 10% that would be reasonable for FB tickets. If UND hired one or two people to sell FB tickets on their own, maybe it would cost them 15 to 20%, not anywhere close to 52%. Expand Again, one of the advantages of having the current setup is that UND could use bonds for the building of the Betty. UND didn't have to wait for all the fund raising like NDSU and BSA. http://www.theralph.com/about-the-arena/the-betty $8 million dollar facility Current balance: 1.4 million - maturity date of 2020. To all the Bison fans - have you paid the Fargo Dome for the upgrades completed as part of the move to FCS? Just asking for a friend. Quote
nd1sufan Posted June 28, 2018 Posted June 28, 2018 On 6/28/2018 at 2:27 AM, FSSD said: Again, one of the advantages of having the current setup is that UND could use bonds for the building of the Betty. UND didn't have to wait for all the fund raising like NDSU and BSA. http://www.theralph.com/about-the-arena/the-betty $8 million dollar facility Current balance: 1.4 million - maturity date of 2020. To all the Bison fans - have you paid the Fargo Dome for the upgrades completed as part of the move to FCS? Just asking for a friend. Expand The Fargodome is actually generally profitable and pays for most upgrades on their own, and they don't take 52% of the FB, BB and VB ticket revenue. I know, I don't get it. It really does take collecting 52% of all ticket revenue from a school to make n arena function. UND is on the cutting edge and when all other schools realize they are doing it wrong, they will feel like fools. But I for one am sure glad NDSU didn't get the kind of "donation" UND got from the Engelstad's. 2 2 Quote
BarnWinterSportsEngelstad Posted June 28, 2018 Posted June 28, 2018 On 6/28/2018 at 2:53 AM, nd1sufan said: The Fargodome is actually generally profitable and pays for most upgrades on their own, and they don't take 52% of the FB, BB and VB ticket revenue. I know, I don't get it. It really does take collecting 52% of all ticket revenue from a school to make n arena function. UND is on the cutting edge and when all other schools realize they are doing it wrong, they will feel like fools. But I for one am sure glad NDSU didn't get the kind of "donation" UND got from the Engelstad's. Expand Neither does the Alerus. UND Athletic Department & The Ralph Again, thx for coming way over here and helping out. Quote
SiouxVolley Posted June 29, 2018 Posted June 29, 2018 After the Ralph was operational, then women’s hockey was started. That additional cost might have been known when the 52% was agreed upon. So it would not have been the Betty to be paid for. Getting rid of a $2million annual liability changes things. $2 mill annual payments is much more than the Betty’s cost. Makes sense that Kennedy wanted the agreement altered. Quote
SWSiouxMN Posted June 30, 2018 Posted June 30, 2018 http://www.grandforksherald.com/opinion/editorials/4466580-our-view-20-million-thats-lot-money More silliness from the UND faculty. Was it mentioned in the original article that the relationship wasn't great in previous administrations? Quote
SiouxVolley Posted July 1, 2018 Posted July 1, 2018 On 6/30/2018 at 3:45 PM, SWSiouxMN said: http://www.grandforksherald.com/opinion/editorials/4466580-our-view-20-million-thats-lot-money More silliness from the UND faculty. Was it mentioned in the original article that the relationship wasn't great in previous administrations? Expand The Engelstad’s haven’t forgot about Greater Grand Forks. They just gave $2.5 mill to a Sacred Heart addition. Quote
southpaw Posted July 1, 2018 Posted July 1, 2018 On 6/30/2018 at 3:45 PM, SWSiouxMN said: http://www.grandforksherald.com/opinion/editorials/4466580-our-view-20-million-thats-lot-money More silliness from the UND faculty. Was it mentioned in the original article that the relationship wasn't great in previous administrations? Expand This reads like the Herald was fine using a quote from Murphy to show Kennedy could have a bad review. That wasn't the case, so the Herald is going after another quote Murphy made. Quote
UNDBIZ Posted August 16, 2018 Posted August 16, 2018 http://www.grandforksherald.com/news/education/4486523-ralph-engelstad-arena-distributes-1-million-und Quote The Ralph Engelstad Arena announced its annual distribution to UND on Thursday. This year's distribution is $1 million. Expand The paper, with McGarry's quote, appears to be trying to make it look like this came from McGarry and the Engelstad Foundation. Am I still not understanding the REA Inc relationship, or is the paper just being misleading? Quote
nodak651 Posted August 16, 2018 Posted August 16, 2018 On 8/16/2018 at 9:10 PM, UNDBIZ said: http://www.grandforksherald.com/news/education/4486523-ralph-engelstad-arena-distributes-1-million-und The paper, with McGarry's quote, appears to be trying to make it look like this came from McGarry and the Engelstad Foundation. Am I still not understanding the REA Inc relationship, or is the paper just being misleading? Expand Totally agree. She makes it sound like it's a donation. THIS IS UND's MONEY - NOT HERS. “This significant figure marks our continued commitment to UND and the surrounding community,” Kris Engelstad McGarry, of the Engelstad Foundation, said in a statement. “This commitment has lasted for 60-plus years, stemming from my parents’ passion for UND and extending well in to our present-day efforts to support and enhance all that the university has to offer.” Quote
SWSiouxMN Posted August 16, 2018 Posted August 16, 2018 How much does this compare to previous years? Quote
UNDBIZ Posted August 16, 2018 Posted August 16, 2018 On 8/16/2018 at 9:36 PM, SWSiouxMN said: How much does this compare to previous years? Expand Click the link Quote
SWSiouxMN Posted August 16, 2018 Posted August 16, 2018 On 8/16/2018 at 9:37 PM, UNDBIZ said: Click the link Expand Yeah that might help, when I saw it earlier it didn't specify an amount. Quote
jdub27 Posted August 17, 2018 Author Posted August 17, 2018 I'm glad to hear the amount was they high. That being said, literally the only other option they have is to spend the money on the arena. It's a nonprofit set up for the benefit of UND. Even though a large portion of the fans would probably rather see that, a significant investment on unnecessary items would not make for good optics with recent budget situations. I know they are aware of this because there are at least one or two sizable projects that have been delayed. Quote
UND1983 Posted August 17, 2018 Posted August 17, 2018 On 8/17/2018 at 2:26 AM, jdub27 said: I'm glad to hear the amount was they high. That being said, literally the only other option they have is to spend the money on the arena. It's a nonprofit set up for the benefit of UND. Even though a large portion of the fans would probably rather see that, a significant investment on unnecessary items would not make for good optics with recent budget situations. I know they are aware of this because there are at least one or two sizable projects that have been delayed. Expand Let's all show our appreciation for the hockey team delaying their locker room remodel. They are really up against it working with that setup. Quote
cberkas Posted August 23, 2018 Posted August 23, 2018 On 8/17/2018 at 2:45 AM, UND1983 said: Let's all show our appreciation for the hockey team delaying their locker room remodel. They are really up against it working with that setup. Expand Didn’t they just do that? Quote
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