The big news out of Tech’s quarterly budget meeting was the large donation made by a yet-to-be named family to help pay to improve the seating at Alexander Memorial Coliseum.
The donation is designed to pay for 1/3 of the cost, which is expected to be at least $30 million. The donation won’t exceed $15 million. The name of the donor will be made public later this year, after the Board of Regents meets.
It was no surprise that Tech’s budget for the 2010 fiscal year is slightly smaller than the budget for 2009. Their endowment took a straight jab to the chin, and ticket sales didn’t quite meet what was budgeted, which was described as aggressive. Who would have predicted when that budget was put together in 2008 that the economy was going to go into the tank and that numerous colleges around the country would be in the red this year?
During the board meeting the 2010 budget was described as being a bit more conservative than the previous year’s, despite the decision to hire Aspire and it’s staff of 20 to take over season ticket sales for football and basketball.
So, those were some of the highlights from the meeting.
It’ll be interesting to see what will come of the seating plan for AMC. Radakovich did say they have no plans to try and turn it into yet another concert venue. It seems it will continue to be mostly for men’s and women’s basketball, graduations, and student meetings. The project is still at least two years away from starting, possibly three.
Lastly, the board members expressed a lot of pride in all of the firsts accomplished by many of Tech’s sports teams during the year. I hope to get a copy of the document and post it here for yall to peruse.
67 comments Add your comment
T-Rav and the Eastside Grainger
June 26th, 2009
7:25 pm
“…1 loss every 8 years…I’ll take that.”
Yeah. Yall seem to be taking it really well.
superDawg
June 26th, 2009
9:20 pm
macrodummy you must be young.Go to uga history and count the number of national championships we have I think you will be surprised.
macrotech
June 26th, 2009
11:12 pm
and superDunce! YOU must be young, because your little pups STILL have less national championships than Tech! Just keep stacking those ‘victories’ and waving your little flag!
Pi$$onaDAWG
June 27th, 2009
9:37 am
I love the face that “The Family” is going to donate that sum of money to fix AMC. Dad & I sat through the Sammy Drummer, Teko Brown, and Brook Steppe days and it was great when Bobby came in a changed the culture for Tech BBall. I hope with this class Paul can get us Big on the National Radar again. Thanks donor who ever you are.
GT Gators
June 27th, 2009
10:39 am
This article was written about the improvements to AMC not about the football team, season or last years accomplishments.
All of you UGAY fans please crawl out of your dillisional state and remember that if you are so confident that UGAY is that great then Please go place one month’s salary on all of the UGAY games. And “IF” you are correct then by the time the state championship rolls around in November you might just be able to retire. Vegas is just a few hundred bucks to fly round trip and why HELL you did go to college there and have a good job and BTW we are just “Nerds” and ya’ll are simple people and have more common sense and If you do this(All Of You Doggie Fans) you will be well off and probably can retire and then you won’t care what Tech says and does because you will be out spending your money. So until you want to do that Please Doggies go home, Curl up, and STFU. And please call me what you want but don’t make the mistake of ever being stupid enough of calling me or some of my friends nerds to our face…..cause you won’t have one next time…..Good day and what is the good word?
superDawg
June 27th, 2009
11:34 am
We come to your kiddie stadium every other year and beat the snot out you.If you have not noticed we chant NERD every time.You must not attend if you have not heard it.
superDawg
June 27th, 2009
7:19 pm
Well no responce.I guess you are on the band wagon with square wheels.
superDawg
June 28th, 2009
7:19 am
I am so gay!
RK
June 28th, 2009
7:49 am
grasshopper, you have so much anger. be grateful for the AMC improvements esp. in the north end zone nose bleed seats we sell you at ripoff prices.
also be grateful when tech has a good season going because the damn game means something then, when tech IS competitive and doesn’t have an auburn or tennessee reject at qb.
btw there might be fewer tickets to the big game on ebay this year so better buy now.
and when our new scoreboard lights up in november, you may or may not have 12 months to vent. right now it is 1-0 gt, and that is all that counts today.
old Tech fan in NC
June 28th, 2009
10:07 am
The Charlotte Disturber today listed VT going 7/1 and Tech 5/3 but they did not list the potential “L’s”. Their rational….”D”. They also listed NCSU as winning the other division.
macrotech
June 28th, 2009
1:39 pm
I surrender my wits are weak but your boyfriend is sweet.
Pi$$onaDAWG
June 28th, 2009
2:06 pm
RK—–AMC is Alexander Memorial the BASKETBALL COURT. Get off the blog if you don’t even know what is being talked about.
eBuzz
June 29th, 2009
8:29 am
Lots of football smack in the blogs. Ah, fun and games, but this blog was supposedly about upgrading AMC. Agree with Supersize That Order, Mutt. If Tech really wants to upgrade it, take the money and buy out Hewitt’s contract.
The Grinch
June 29th, 2009
12:21 pm
Check out the picture. That’s what the crowds will look like in a few years if Hewitt is still in place. BWAHAHAHAHAHAHAHA!!!
The Grinch
June 29th, 2009
1:13 pm
Mark it down right now NERDS!
UGA will win the National Championship this year.
We will beat the gators and techies.
Losers!
gtfanfrom1951
June 29th, 2009
3:16 pm
The Grinch
What have you been drinking?
Dipsh*ts
June 29th, 2009
4:59 pm
Funny, a Techie telling a Dawg to get off the Tech blog. LOL. C’mon just be glad Dougie is back and you have a blog topic opened up for you.