Interesting Stadium Fund Method

[JesseMartin]

They got the state to create a tax district encompassing businesses located on university-owned land.

Too bad UNT didn't buy up the Fry area and get the fun people in Austin to approve a similar thing.

See? You can expand UNT's land ownership and leave businesses there and make money off of it if you get advance approval. Might be a good idea for the future.

BTW, ASU's "upgrades" will cost approximately $170 million.

[oldguystudent]

A backdoor way to do it:

Bond it out.

I checked and I found examples of cities issuing general obligation bonds to build athletic facilities. Maybe the university itself can't do that, but the city and/or county of Denton sure can. The tax revenue to pay the bond comes from the residents of Denton city and/or county, many of whom are UNT students, many of those being "no" voters.

So the sticky wicket is that if it gets bonded out, the university doesn't have exclusive rights to it, so you put into the original paperwork that UNT gets up to 7 home football games every year and that it gets first crack at scheduling those games.

You spend the rest of the year hosting Phish concerts and Lilith Festivals to keep the Jupiter crowd happy. As long as we can air the place out by late August, it's a win-win.

Yes, I know. It's an absurd idea. I was sleeping, the dogs woke me up, and now I'm in a state of semi-consciousness.