Beaver Stadium reconstruction thread

Marshall2323

All-Conference
Aug 7, 2024
4,064
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Generations of Greatness.
LOL, Joe was the coach of virtually all of those "generations." Where is his name and likeness? Or, did the good Lord bestow generations of greatness upon dear old state because he/she loves ice cream? :unsure:
 

rigi19041

Freshman
Apr 1, 2026
224
98
28
Producer Price Index by Commodity: Special Indexes: Construction Materials (WPUSI012011) | FRED | St. Louis Fed

Materials Costs Index:
Jan 2024: 334.374
Jan 2025: 326.249
Jan 2026: 347.710
That is an annualized inflation rate of a tad UNDER 2% per year since project inception.

ENR has non-res construction costs at around 3.5% per year.

US Bureau of Labor & Stats has it as: Bureau of Labor Statistics Data
Jan 2024: 193.074
Jan 2026: 200.772 (Preliminary)
Also just a tad under 2% per annum over that time frame.

But, yeah, sure. Whatever.

Irrelevant anyway - as the competent project managers would have incorporated pricing adjustments expectations over that time and/or locked in rates in critical and impactful components.


If you believe those numbers then you probably believe urban crime is down, city schools are great, and there is no homeless problem. Trump said inflation is under control so it must be true.
 

rigi19041

Freshman
Apr 1, 2026
224
98
28
PS Football and the interrcollegiate athletics programs are huge Ponzi scheme. There is no end date to the spending spree, and the only source of equity is the donation pool.


No. The ponzi schemes are every sport other than football and basketball
 
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BCS PSU

All-Conference
Jun 2, 2001
972
1,648
93
Shameful waste of money
Why is it a waste of money? The stadium needed to he refurbished for many reasons, so either PSU was going to spend millions and millions to build a new stadium, which wasn’t going to happen, or do what they’re doing now like FSU just did. I just don’t understand the negativity about this from some when the cost of the renovations never will affect the vast majority of fans, and the end product is going to be great.

God, Nebraska, which just refurbished their stadium probably as recently as twenty years ago, now is going to spend millions and millions to do further upgrades.
 
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RolexKong

Senior
Aug 15, 2025
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The waste of money is sports that lose money, departments that lose money and majors where kids can't get jobs.
We'll see how much money they make now that they have to pay the players. As for useless majors, they have to take something to keep them eligible, thought that will go by the boards if it hasn't already.
 

LB99

Heisman
Oct 27, 2021
10,383
15,127
113
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BCS PSU

All-Conference
Jun 2, 2001
972
1,648
93
FWIW, Florida this week announced a $1.45 billion renovation on the swamp to be completed by 2030.

On some Florida board, someone is getting ready to post that it’s a waste of money, or maybe that’s just a PSU phenomenon.
 

RolexKong

Senior
Aug 15, 2025
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On some Florida board, someone is getting ready to post that it’s a waste of money, or maybe that’s just a PSU phenomenon.
For their sake, they should have a more compelling presentation of the financial justification for the project. Penn State's was downright pathetic.
 

Nitt1300

Heisman
Nov 2, 2008
7,237
13,702
113
Why is it a waste of money? The stadium needed to he refurbished for many reasons, so either PSU was going to spend millions and millions to build a new stadium, which wasn’t going to happen, or do what they’re doing now like FSU just did. I just don’t understand the negativity about this from some when the cost of the renovations never will affect the vast majority of fans, and the end product is going to be great.

God, Nebraska, which just refurbished their stadium probably as recently as twenty years ago, now is going to spend millions and millions to do further upgrades.
Because they are spending all those millions on a facility that gets used seven times a year and has nothing whatsoever to do with what is supposed to be the core mission of the University,

Yeah, others are doing the same stupid thing- that's not a justification.
 

BCS PSU

All-Conference
Jun 2, 2001
972
1,648
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Because they are spending all those millions on a facility that gets used seven times a year and has nothing whatsoever to do with what is supposed to be the core mission of the University,

Yeah, others are doing the same stupid thing- that's not a justification.
Logically you’re right. But let’s face it; schools like PSU basically are athletic departments that have universities rather that the other way around. If you want PSU to even have a chance to be relevant in big time college football, then this is a part of the cost of doing business.

You just have to hope that the success of the athletic department spills over into the academics, and history has shown that it has; I imagine that IU’s admission applications probably are at an all time high now. Look at how PSU grew as a university because of what Paterno did with the football program in the late 60s, and the growth of this school really hasn’t stopped since that time.
 

BobPSU92

Heisman
Aug 22, 2001
44,026
35,660
113

Nitt1300

Heisman
Nov 2, 2008
7,237
13,702
113
Logically you’re right. But let’s face it; schools like PSU basically are athletic departments that have universities rather that the other way around. If you want PSU to even have a chance to be relevant in big time college football, then this is a part of the cost of doing business.

You just have to hope that the success of the athletic department spills over into the academics, and history has shown that it has; I imagine that IU’s admission applications probably are at an all time high now. Look at how PSU grew as a university because of what Paterno did with the football program in the late 60s, and the growth of this school really hasn’t stopped since that time.
Joe's role in improving PSU can't be disputed.

But the growth lately has driven costs up so far that the University depends on out of state and foreign student tuition for survival. The core mission of educating PA's children has been lost. I fear that the future of brick-and-mortar institutions is very much at risk anyway, and only the very best will survive. On the present course, I don't see PSU as one of the very best- I wish I felt differently.
 

BCS PSU

All-Conference
Jun 2, 2001
972
1,648
93
Joe's role in improving PSU can't be disputed.

But the growth lately has driven costs up so far that the University depends on out of state and foreign student tuition for survival. The core mission of educating PA's children has been lost. I fear that the future of brick-and-mortar institutions is very much at risk anyway, and only the very best will survive. On the present course, I don't see PSU as one of the very best- I wish I felt differently. no doubt that many institutions of higher education
 

BCS PSU

All-Conference
Jun 2, 2001
972
1,648
93
Joe's role in improving PSU can't be disputed.

But the growth lately has driven costs up so far that the University depends on out of state and foreign student tuition for survival. The core mission of educating PA's children has been lost. I fear that the future of brick-and-mortar institutions is very much at risk anyway, and only the very best will survive. On the present course, I don't see PSU as one of the very best- I wish I felt differently.
There’s no doubt that many institutions of higher learning in this country either have lost their mission and/or become bloated, and there needs to be a reformation. This also goes for many Ivy League schools, which we’ve seen from Congressional hearings and other events how incompetently run they are, which has affected the quality of education that students receive at those schools too.

More and more kids are realizing that in the new businesses like tech, you really don’t need to waste four or five years of your life getting drunk and stoned when you can get right at it and start making a good living, especially when many teenagers now know more about tech than college professors do.
 

RolexKong

Senior
Aug 15, 2025
526
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Logically you’re right. But let’s face it; schools like PSU basically are athletic departments that have universities rather that the other way around. If you want PSU to even have a chance to be relevant in big time college football, then this is a part of the cost of doing business.

You just have to hope that the success of the athletic department spills over into the academics, and history has shown that it has; I imagine that IU’s admission applications probably are at an all time high now. Look at how PSU grew as a university because of what Paterno did with the football program in the late 60s, and the growth of this school really hasn’t stopped since that time.
LSU, Alabama, Tennessee, Oklahoma, Oregon all say hello. And Indiana has no difficulty in filling its freshman class.

So most university presidents couldn't come up with ways to spend $700 million-top $1.5 billion that would enhance the academics of their schools? Come to think of it, they probably couldn't.
 

Locopsu

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Oct 7, 2021
5,218
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For their sake, they should have a more compelling presentation of the financial justification for the project. Penn State's was downright pathetic.
Pathetic? How exactly.

1. Stadium had structural issues and
2. press box was a hazard
3. Suites were sold out and in demand
4. Stadium did not comply with ADA rules and needed significant improvements all of which are included with this renovation
5. Renovation allows them to monetize the stadium outside of football.
6. a new stadium would have lost the draw to Penn State and cost 2-3x more
7. Stadium includes new welcome center for entire university.
 

RolexKong

Senior
Aug 15, 2025
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Pathetic? How exactly.

1. Stadium had structural issues and
2. press box was a hazard
3. Suites were sold out and in demand
4. Stadium did not comply with ADA rules and needed significant improvements all of which are included with this renovation
5. Renovation allows them to monetize the stadium outside of football.
6. a new stadium would have lost the draw to Penn State and cost 2-3x more
7. Stadium includes new welcome center for entire university.
And you know this how because that alternative was never presented? Do you know what the plans are for the remainder of the stadium?

What do you call it when an organization's CFO won't (or maybe can't) do an NPV calculation? Pathetic seems like a pretty good adjective.

Something needed to be done with Beaver Stadium. Whether the current project was the best solution remains an open question.
 
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PSU4U

All-American
Aug 6, 2019
7,159
7,530
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Generations of Greatness.
Well except for maybe the exposed Dinosaur Bones and the stuff inside that never properly/adequately grew/functioned with the growing attendance. Still, we loved the house that Joe built. We excluding the haters. Then even the haters agreed it was time for a proper fix, but when they got the fix, they thought was overdue, they still hate it. LOL