Originally Posted by
jedicurt
perfect. lets look at the Texas arena.... 375 million, where $130 million came from a single donation to the university specifically for the arena, then the rest was raised through a joint partnership between the Oak View Group and UT. Oak View actually raised the funds to build it, not the University of Texas. they just provided the land. Under the partnership agreement Oak View Group manages the building in exchange for the rights to keep most of the income from non-UT events, (close to 80%), and has sole authority to planning those events. under the agreement UT does still own the land and technically the building, but only has exclusive control of the arena 60 days each year, for men's and women's basketball, graduations and other school events.
that means that 300 days a year, someone other than the university is planning events and making more money off of those events than the university, and the university gets little to no say in any of those events. and the only thing the university had to give for the project was the land. find me the person willing to get the project started with a $100+ million donation specifically for an on campus facility, and then a private group that wants to come in and run it on campus, and sure. we have a plan.... instead, what is being proposed in Norman is pretty much something similar, but because the construction group wants it in a different spot where OU owns land, they are asking for that land, and not land on campus. because they don't want to build it there.
see the difference now? So unless you are willing to pony up the $100 million to get the discussion going... it's not happening.
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