For this to be analogous, they need to say how much in repairs are needed or you need to identify the car. The site cost $91 Million ($128 Million in 2020 dollars) to develop. Do you think this study will come back with a recommendation for $30-50 Million in renovations? I hope not.
To me, this is the most important part of the article:
"While the emphasis may be on UConn football, Swords and other experts say a more holistic approach is necessary to attract a wide variety of events and accommodate different kinds of crowds.
“Football at this level will not make enough money to supply the school with what it needs, therefore the stadium must be a destination venue to attract bids to host other types of events,” Patty Raube Keller, program director of sports administration at Boston College."
I recall the clause in the UConn lease is that UConn will pay the first $250,000 in losses, only provided that each and every other event is in the black. Whoever at the CDRA agreed to the second part of that clause should dangle from section 241 by their thumbs. This hamstrings bookings to virtually no end. Who can guarantee 100% that a given event will make money on it's own before the event? They should be able to book concerts, festivals, private occasions, and other events such as Monster Jam, without UConn hanging 1/4 $mil over them. They are losing $500k with that stipend already. Greater volume, carrying even significantly less certainty means astronomically better odds of being in the black as a whole, even if some dates lost money on the event level.
UConn can still be the main anchor tenant, but if they are the only tenant (which is basically the case), the CDRA should just turn management over to them.