Anybody hearing any rumblings of what the ticket/donation prices will be for this year?

Shawn '99

Alot.

It probably depends on how much the ballpark renovation costs...

We had a rather large adjustment last year. I could be wrong, but I suspect that they might leave things where they stand for a year.

All the money in the world??!

aTm 99 said:

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It probably depends on how much the ballpark renovation costs...

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That trails getting leading donors and upfront pledges. They do not want to fully fund with ticket prices.

I figured that was what the "required donation" was being earmarked for when they tacked it on top of the ticket prices.

aTm 99 said:

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I figured that was what the "required donation" was being earmarked for when they tacked it on top of the ticket prices.

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Not really. That was just to get the ticket revenue up to what our peers bring in. They could double or triple seat prices and donations, and that would just partially cover the cost of servicing the kind of debt that would be required to transform Olsen into what we want it to be. It's going to take some major donations to do that, instead.

twk said:

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aTm 99 said:

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I figured that was what the "required donation" was being earmarked for when they tacked it on top of the ticket prices.

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Not really. That was just to get the ticket revenue up to what our peers bring in. They could double or triple seat prices and donations, and that would just partially cover the cost of servicing the kind of debt that would be required to transform Olsen into what we want it to be. It's going to take some major donations to do that, instead.

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I expected twk to mention pledges are used for selling bonds since they represent a form of committed proceeds. So pledges lead to sizing bond packages which pay for both immediate construction (think construction bridge loan if you're your own general contractor) and long-term payoff of what we could call amortized delayed payments. It's not a great time to go to the bond market to borrow and you're fighting relatively high nominal interest rates on various savings and investment instruments/accounts. All of this can make lining up donations harder.

Adding to that: they will project proceeds for the long-term amortization based on planned ticket prices and attendance. But it won't plan to flush through all remodel costs unless really modest (like a new scoreboard) and even for those getting a sponsoring donor is a key method for generating support.

Is there an official fund-raising campaign going on for the Olsen renovation? Are they going to publicize something?

12th Man Ag said:

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Is there an official fund-raising campaign going on for the Olsen renovation? Are they going to publicize something?

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This link has very good comments by Bjork at about the 28th minute mark. It's worth the effort to scrub to the 28th minute and listen to his entire framing of the current situation. The short version is they have more work to prep for lead donations to make sure they can build what they want and have commitments for a significant proportion of the campaign before announcing it. It then will take multiple seasons to do the upgrades being considered.

https://texags.com/forums/8/topics/3395837

the TMF is waiting for the 3-game home series vs. the sips to pop up on the 2025 schedule...

then prices are going up

W said:

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the TMF is waiting for the 3-game home series vs. the sips to pop up on the 2025 schedule...

then prices are going up

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And well they should when we play them.

12th Man Ag said:

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Is there an official fund-raising campaign going on for the Olsen renovation? Are they going to publicize something?

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It's coming very soon.

Pretty sure prices aren't changing this year. Last year they talked to Hop before announcing the new seat licenses and said that the '23 pricing would be good for '23 and '24 then they would see where things stood regarding renovations.

Just the pitching coach hire could change the immediate future ticket plans especially for spot market. And officially that is NOT a bad thing if the demand supports it.

I need some controversy so some people get pissed and don't renew.

As long as that controversy isn't price hikes!

Noooooooooo, not that

trouble said:

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I need some controversy so some people get pissed and don't renew.

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If they hired me as head coach, they'd still renew over 95%!

Look, 5% loss is good enough for me

Ticket prices going up is going to happen. Whether that is this year or next, it is coming.

I am just ready for them to announce the plans for the stadium. I want to get on board with the giving to get this right, but don't understand the TMF process to be a part of a specific campaign.

12th Man Ag said:

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Ticket prices going up is going to happen. Whether that is this year or next, it is coming.

I am just ready for them to announce the plans for the stadium. I want to get on board with the giving to get this right, but don't understand the TMF process to be a part of a specific campaign.

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There will be a Capital Campaign for Olsen. The highly anticipated part is will it include a reseating like they did at Kyle? I'd rather it be a steep increase than a total reseat.

You can donate to the capital improvement fund now. Just call and tell them you want it for the stadium rebuild fund. I guarantee they'll take your money.

12th Man Ag said:

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Ticket prices going up is going to happen. Whether that is this year or next, it is coming.

I am just ready for them to announce the plans for the stadium. I want to get on board with the giving to get this right, but don't understand the TMF process to be a part of a specific campaign.

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From what I heard this weekend, they are getting close. Currently pricing it out. There was still some words like "we would like to do x" so I'm guessing there are a couple of options depending on how much everything will cost and how much they expect to be able to raise.

After that, they would go to the BMAs for the private part of the fundraising. Probably still a few months before we start the public phase of asking smaller donors to chip in and show off the design publicly.

Don't want to price it so high that you drag the capital campaign out and can't get the project started after next season. I seem to recall from other projects you need some % of funds committed before BOR will give the go ahead to start construction.

BiochemAg97 said:

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12th Man Ag said:

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Ticket prices going up is going to happen. Whether that is this year or next, it is coming.

I am just ready for them to announce the plans for the stadium. I want to get on board with the giving to get this right, but don't understand the TMF process to be a part of a specific campaign.

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From what I heard this weekend, they are getting close. Currently pricing it out. There was still some words like "we would like to do x" so I'm guessing there are a couple of options depending on how much everything will cost and how much they expect to be able to raise.

After that, they would go to the BMAs for the private part of the fundraising. Probably still a few months before we start the public phase of asking smaller donors to chip in and show off the design publicly.

Don't want to price it so high that you drag the capital campaign out and can't get the project started after next season. I seem to recall from other projects you need some % of funds committed before BOR will give the go ahead to start construction.

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50%

I called. I just want to make sure they don't take my money and then when the campaign is announced they tell me that I'll need to make another donation.

What is the price tag of what we are going to be able to get done? $30MM?

12th Man Ag said:

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I called. I just want to make sure they don't take my money and then when the campaign is announced they tell me that I'll need to make another donation.

What is the price tag of what we are going to be able to get done? $30MM?

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At least $60M in reno. I bet $75.

Bullpen Chias said:

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12th Man Ag said:

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I called. I just want to make sure they don't take my money and then when the campaign is announced they tell me that I'll need to make another donation.

What is the price tag of what we are going to be able to get done? $30MM?

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At least $60M in reno. I bet $75.

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Every bit of 75 probably.

Well, it ain't a re-build, but should get us something pretty nice!

Bullpen Chias said:

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The highly anticipated part is will it include a reseating like they did at Kyle? I'd rather it be a steep increase than a total reseat.

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Bjork has publicly stated that the project will add to, not disrupt the existing seating and so they did not expect to reseat existing season ticket holders.

New info. Somewhat more than $75M. A lot more.

Do tell!