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Message: [QUOTE="BlueDogs, post: 3195281, member: 891"] Back of the napkin....They payout $44 Million in rev share per team. We pay into the conference and defer rev share participation for 3 years. $120 Million in bonded borrowing costs 5% in interest debt service ($6 Million a year). We fill seats at near capacity (netting up 20,000 seats from around 12-15k paying seats to 37k seats) more revenue on the order of $5 Million. In year 4, we start collecting our conference share, which goes toward funding programs and reducing debt service. The overall reduction in state subsidy would drop from $40 Million to a net $20 Million if 50% went back to pay down principal and balance to programs.. In year 6 after the initial 3 year non-rev share period, its paid off. In the meantime, 1st rate competition is in town, generating local revenues (hotels, food and leisure) and pulling in visitors. If the problem is approached as a finance and economic development challenge, I’m quite sure you could package up a solution that would generate interest from a P5 like the B1G. [/QUOTE]