CL82
NCAA Woman's Basketball National Champions
- Joined
- Aug 24, 2011
- Messages
- 61,571
- Reaction Score
- 235,310
Easy answer is to eliminate the university of Connecticut pointless $250,000 subsidy. That money is coming from the state, ultimately, anyway. Routing it through the university just hides the CDRA ineptitude. It's an accounting gimmick nothing more. If they thought they could make more than 250,000 they would do it and wave the universities subsidy. They can't because that would take a minimum of competence and effort, both of which CDRA seems to lack.Unless something has changed, The UCDA is hamstrung by the deal they have with UConn. So long as the stadium operates at a net loss UConn pays the first $250,000, but only if 100% of the non-UConn events make a profit. Also the UCDA and/or operator must know this in advance. Otherwise they could take more chances on what is booked at the venue.
This article is from 2020, but this has been the case for years.
"Rentschler’s heavy dependence on UConn football — the reason why the $92 million stadium was built in the first place — constrains the ability to book the field for other events. Rentschler’s lease with UConn prohibits the stadium from taking a loss on a concert or athletic event because essentially that would mean asking UConn to pay for other events with its $250,000 operating subsidy."
While international friendly soccer matches dot the schedule, there hasn't been a notable concert since The Police reunion in 2007. Besides most big acts book the Meadows in the summer.