Beaver Stadium reconstruction thread

[BobPSU92]

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.

They may be a Ponzi scheme, but they're our Ponzi scheme!

 

[MaconNitt]

They may be a Ponzi scheme, but they're our Ponzi scheme!

it's what we're up against and why we hate us

 

[Tom McAndrew]

 

[Tgar]

So weird. Drive by the lovable dump nearly every day. Four distinct sections built in four different eras. Probably not unique but certainly unusual.

 

[NittPicker]

So weird. Drive by the lovable dump nearly every day. Four distinct sections built in four different eras. Probably not unique but certainly unusual.

Generations of Greatness.

 

[BobPSU92]

Generations of Dumpness

 

[Steve JG]

They may be a Ponzi scheme, but they're our Ponzi scheme!

We are lucky to even have a Ponzi scheme…..

 

[Tom McAndrew]

 

[Marshall2323]

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?

 

[rigi19041]

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.

 

[Tom McAndrew]

 

[Tom McAndrew]