Dodds Speaking Candidly - $400M facilities

[Favpack]

I understand the deep hatred for the Yankees, Cowboys and 'Horns. But you have to admire the candidness of DeLoss - and it looks pretty nifty from the inside.

http://www.denverpost.com/colleges/ci_15706569

"If you want to spend $400M on facilities, I'll talk about sharing". :heli:

[Point Made...]

Today, they may have the best facilities in the U.S.
"If we're not," Dodds said, "I could argue with somebody who thinks theirs are."


"What was going to happen was people and business practices and creativity and financial acumen were going to combine with the already existing group of assets," Plonsky said, "and it was going to be a machine."


...nuff said.http://www.dorsetrockonline.com/wp-content/uploads/Horns.jpg

[Favpack]

His statements are direct, but, you really have to appreciate what they've done with the brand. It was not this way even 10 years ago. Plus, it has clearly elevated the entire University.

[lonny23]

I understand the deep hatred for the Yankees, Cowboys and 'Horns. But you have to admire the candidness of DeLoss - and it looks pretty nifty from the inside.

http://www.denverpost.com/colleges/ci_15706569

"If you want to spend $400M on facilities, I'll talk about sharing". :heli:
It's not candidness. It's in your face arrogance and there is a big difference.

Now saying that, if I were Texas and people wanted to throw that kind of money around to build better facilities, you better believe I'd build them and be proud of them.

The $400M comment is garbage. The other guys don't have the money to spend $400M like Texas does. Texas doesn't share because they don't have to and they can bully people and get away with it. The last time I checked, ethics were doing the right things because it was the right thing to do, not because you have to. In a world without ethics, Longhorns are pretty close to the front of the pack.

[BLEE20]

It's not candidness. It's in your face arrogance and there is a big difference.

Now saying that, if I were Texas and people wanted to throw that kind of money around to build better facilities, you better believe I'd build them and be proud of them.

The $400M comment is garbage. The other guys don't have the money to spend $400M like Texas does. Texas doesn't share because they don't have to and they can bully people and get away with it. The last time I checked, ethics were doing the right things because it was the right thing to do, not because you have to. In a world without ethics, Longhorns are pretty close to the front of the pack.

Some of you that i have seen argue conservative positions regarding economics sure do take a command economy as well as socialist approach to college football.

[pied]

Some of you that i have seen argue conservative positions regarding economics sure do take a command economy as well as socialist approach to college football.


Certainly.

Has Tech ever been the lowest paid team in the Big 12? Where is the outrage at them being paid more than five other schools?

[okt0ber]

It's not candidness. It's in your face arrogance and there is a big difference.

Now saying that, if I were Texas and people wanted to throw that kind of money around to build better facilities, you better believe I'd build them and be proud of them.

The $400M comment is garbage. The other guys don't have the money to spend $400M like Texas does. Texas doesn't share because they don't have to and they can bully people and get away with it. The last time I checked, ethics were doing the right things because it was the right thing to do, not because you have to. In a world without ethics, Longhorns are pretty close to the front of the pack.

Sorry, that's not ethics. You're thinking of morals. And who says what Texas is doing is wrong, exactly? Schools like, say, Michigan, Ohio State, Wisconsin - they could all do what Texas is doing. But they haven't. How is what Texas is doing wrong? I'm sorry, but the Texan attitude has always been to not sugar coat things, and I appreciate that.

[BDB]

Sorry, that's not ethics. You're thinking of morals. And who says what Texas is doing is wrong, exactly? Schools like, say, Michigan, Ohio State, Wisconsin - they could all do what Texas is doing. But they haven't. How is what Texas is doing wrong? I'm sorry, but the Texan attitude has always been to not sugar coat things, and I appreciate that.

tosu has a bigger budget than texas.

[slorch]

So tell me how UT built the PUF fund again...

[farmerfan]

Sorry, that's not ethics. You're thinking of morals. And who says what Texas is doing is wrong, exactly? Schools like, say, Michigan, Ohio State, Wisconsin - they could all do what Texas is doing. But they haven't. How is what Texas is doing wrong? I'm sorry, but the Texan attitude has always been to not sugar coat things, and I appreciate that.

It's not wrong, period. They are the biggest and baddest kid on the block in this state and region and well this country. It's part of the reason some of us love to hate them so much. That and all the t-shirt fans :p:);)

[pied]

So tell me how UT built the PUF fund again...

Actually it originated in the 1839 Congress of the Republic of Texas.

The Permanent University Fund (PUF) is a public endowment that provides financial support to institutions in The University of Texas and Texas A&M University systems. The PUF was established in 1876 by the Texas Constitution, and the income is derived from revenue generated by West Texas land provided by the state as a financial investment in higher education. Proceeds result from oil, gas, sulfur, and water royalties, rentals on mineral and grazing leases, and gains on investments.

The concept for the PUF originated in the 1839 Congress of the Republic of Texas, when President Mirabeau B. Lamar set aside 50 leagues (221,420 acres) of land "for the establishment and endowment of two colleges or universities, hereafter to be organized." In 1858, the Texas Legislature passed an act establishing The University of Texas and enlarging the original endowment with $100,000 in United States bonds. The Texas Constitution of 1876 officially acknowledged the endowment fund and added 1 million acres located in a remote area of West Texas.

In 1883, The University of Texas (UT) opened its doors, occupying temporary quarters in the old State Capitol building in Austin. To finance a stronger, more stable future for the University, the legislature provided a second grant of 1 million acres. The land was again located in West Texas, where the climate was unsuitable for agriculture and the property was of no commercial value at the time. The income it generated was primarily from modest grazing leases.

Controversy has erupted several times over the appropriation and spending of money for The University of Texas and higher education in the state. Ashbel Smith, UT's first president, stated publicly in the 1880s that the University should be managed so as to be "wholly exempt from all political influence." Unfortunately, that has not always been the case.

...

Opening the Door for A&M

Before the 1930s, Texas A&M University depended on budgeted appropriations from the state legislature for their capital improvements. In 1931, the legislature voted into law the provision that Texas A&M, as a constitutional branch of The University of Texas, would receive one-third of the AUF. (Texas A&M agreed to consider itself a branch of the main university solely for the purpose of gaining access to the PUF.) The inclusion of Texas A&M in the PUF upset many supporters of the University. Yet others saw that losing a portion of the fund to one school meant gaining a strong ally against losing more of the money to other schools.

http://txtell.lib.utexas.edu/stories/p0002-full.html

[farmerfan]

Actually it originated in the 1839 Congress of the Republic of Texas.



http://txtell.lib.utexas.edu/stories/p0002-full.html

Oh this is going to be good to use with some family and friends

Texas A&M agreed to consider itself a branch of the main university solely for the purpose of gaining access to the PUF

:D

[slorch]

It was a rhetorical question, but WTH...

Bottom line is that it's not that candid to hear a rich person talk about being rich. It does feed the reputation of being arrogant *****, though.