[Vision2020] legislative report

[Garrett Clevenger]

>From the Argonaut 7/21/09:
"The total budget for the project {the second phase} so far has been $14 million: $2 million for planning and design, a $10 million construction bond, and an additional $2 million provided by the Idaho Permanent Building Fund."
It doesn't mention private donations.
>From Pullman Radion News:
"the Board of Regents authorized UI to issue $23 million in bonds to replace the East wall of the dome with the same semi-translucent material as the west wall {the third phase}... The Board of Regents also approved a plan to use about $600 thousand in private funding for designing several game day improvements."
>From the Idaho Statesman 7/01/09:
"The price tag for the second phase is $8 million and athletic director Rob Spear said the fundraising efforts are at about 50 percent."
>From a blogger on that article:
"So if the University of Idaho continues to average a paid attendance of 4,000 fans per game, at an average price of $40 per ticket, it will take them 62.5 years to pay off the $10 million debt. That is, if the note is bearing zero interest."

The UI bit off more than it can chew with the Kibby Dome.
Taxpayers are now stuck with the bill to at least pay millions of dollars for some of the upkeep of this money pit.
The UI should have sold it to Pigouts when they had the chance:
http://mailman.fsr.com/pipermail/vision2020/2009-April/062608.html

Garrett Clevenger


--- On Thu, 3/4/10, Donovan Arnold <donovanjarnold2008 at yahoo.com> wrote:

From: Donovan Arnold <donovanjarnold2008 at yahoo.com>
Subject: Re: [Vision2020] legislative report
To: vision2020 at moscow.com, ringoshirl at moscow.com, "Garrett Clevenger" <garrettmc at verizon.net>
Date: Thursday, March 4, 2010, 3:10 PM

Garrett,
 
I use to ask this question all the time when I attended UI. The answer is always the same, "It comes from private donations that are earmarked for certain projects."
 
Somebody with a lot of money was talked into spending it on the Kibbie Dome instead of making investments to keep matriculation fees, about 50% of students fees, lower.
 
The only thing you can do about it is not give UI your money, and keep voting against incumbants unless you are happy with your government.
 
Your Friend,
 
Donovan Arnold

--- On Thu, 3/4/10, Garrett Clevenger <garrettmc at verizon.net> wrote:


From: Garrett Clevenger <garrettmc at verizon.net>
Subject: Re: [Vision2020] legislative report
To: vision2020 at moscow.com, ringoshirl at moscow.com
Date: Thursday, March 4, 2010, 1:17 AM






Representative Ringo, 


Where is the money coming from to renovate the Kibby Dome? 


From what I can tell, almost $40 million is being spent to update a facility which has not much to do with higher education academics.


How come there is money to be spent on a money pit, yet teacher salaries are cut and student fees are on the rise?


It's hard to feel sorry for UI's woes since it seems their problem is mismanagement from overpaid public employees.  If I have any say I would target these decision makers and demand accountability while cutting their salaries to a more reasonable level.


It's unfortunate that education has to suffer from lack of funding while reckless spending seems to go on.


The UI bureaucracy needs some serious reform if you think there will ever be adequate funding for actual education...


Sincerely,

Garrett Clevenger
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