hoyatables
Diamond Hoya (over 2500 posts)
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Post by hoyatables on Feb 21, 2013 17:57:33 GMT -5
The neighbors have nothing to do with the delays on this building (let's nip that in the bud right now) and they never has. The entitlement process is what it is, but it is done. This one was a pretty straightforward zoning approval.
It takes months to prepare detailed construction drawings and then months to go through the permit review process (because DC is incapable of processing permits quickly). This is true for everyone. There's nothing "different" here so let's stop looking for trouble where it doesn't exist.
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EasyEd
Platinum Hoya (over 5000 posts)
Posts: 7,272
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Post by EasyEd on Feb 21, 2013 19:40:39 GMT -5
By way of reference, the Pentagon was built in 16 months.
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Post by BubbleVisionBiff on Feb 21, 2013 21:00:08 GMT -5
Yeah, but it's sinking Ed!
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hoyatables
Diamond Hoya (over 2500 posts)
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Post by hoyatables on Feb 21, 2013 22:40:16 GMT -5
By way of reference, the Pentagon was built in 16 months. The Pentagon didn't require a building permit to be issued by the District of Columbia .
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Post by HoyasAreHungry on Feb 22, 2013 9:39:11 GMT -5
Tables assuming the plans get done and approved in this time table, what is the next fundraising benchmark to ensure shovels get in the ground immediately thereafter?
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hoyatables
Diamond Hoya (over 2500 posts)
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Post by hoyatables on Feb 22, 2013 20:06:38 GMT -5
I don't know. That isn't in my wheelhouse.
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Feb 28, 2013 16:23:24 GMT -5
Tables assuming the plans get done and approved in this time table, what is the next fundraising benchmark to ensure shovels get in the ground immediately thereafter? This is from memory, so don't hold me to this, but I'm pretty sure that at the breakfast Q&A before open practice, JTIII said that we would need 50% given and 100% committed before we put shovels in the ground.
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Big Dog
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Post by Big Dog on Feb 28, 2013 22:48:57 GMT -5
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jgalt
Diamond Hoya (over 2500 posts)
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Post by jgalt on Feb 28, 2013 23:13:13 GMT -5
Oh yeah. Groupon should have sold to google (?) when they were offered $6 billion. They also probably shouldnt have treated their customers like crap. But Ted owns less that 1% of groupon (or did at IPO). Which was less than $50 mil at IPO so is about $10 million now. Yeah a ton of money, but a small part of his fortune.
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Post by HoyasAreHungry on Feb 28, 2013 23:21:35 GMT -5
Tables assuming the plans get done and approved in this time table, what is the next fundraising benchmark to ensure shovels get in the ground immediately thereafter? This is from memory, so don't hold me to this, but I'm pretty sure that at the breakfast Q&A before open practice, JTIII said that we would need 50% given and 100% committed before we put shovels in the ground. That sounds familiar Rusky. Think I remember hearing something similar... Soooo....this is never getting built? 100% committed before shovels in the ground is pretty absurd no? Is our credit that tapped out? It's frustrating that it seems like the business school and science center get done so quickly but the IAC seems stuck in the mud
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lichoya68
Blue & Gray (over 10,000 posts)
OK YOUNGINS ARE HERE AND ARE VERY VERY GOOD cant wait GO HOYAS
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Post by lichoya68 on Feb 28, 2013 23:55:45 GMT -5
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lichoya68
Blue & Gray (over 10,000 posts)
OK YOUNGINS ARE HERE AND ARE VERY VERY GOOD cant wait GO HOYAS
Posts: 17,443
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Post by lichoya68 on Feb 28, 2013 23:56:41 GMT -5
ps the business school and the science center got LOTS of donations OUR TURN NOW. ;D ;D ;D ;D
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lichoya68
Blue & Gray (over 10,000 posts)
OK YOUNGINS ARE HERE AND ARE VERY VERY GOOD cant wait GO HOYAS
Posts: 17,443
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Post by lichoya68 on Feb 28, 2013 23:56:57 GMT -5
something ANYTHING ok ?
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DanMcQ
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Post by DanMcQ on Mar 10, 2013 11:12:00 GMT -5
Strike while the iron is hot and donate.
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DoctorHoya
Golden Hoya (over 1000 posts)
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Post by DoctorHoya on Mar 10, 2013 11:14:28 GMT -5
Just donated (for the 4th time haha)... Let's go Hoya fans!
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 18, 2013 22:05:29 GMT -5
This is from memory, so don't hold me to this, but I'm pretty sure that at the breakfast Q&A before open practice, JTIII said that we would need 50% given and 100% committed before we put shovels in the ground. That sounds familiar Rusky. Think I remember hearing something similar... Soooo....this is never getting built? 100% committed before shovels in the ground is pretty absurd no? Is our credit that tapped out? It's frustrating that it seems like the business school and science center get done so quickly but the IAC seems stuck in the mud Bonds/taking on debt is unlikely, I think. Given the current state of University finances - read all about it here and here - I would say it is extremely unlikely. At a school like Georgetown, you're not going to be able to sell an athletics project as being mission critical. The IAC is going to have to be funded with money earmarked specifically for it. I don't know that I would say the Hariri and Regents buildings were done quickly... the latter was on hold for awhile after the economy imploded, and both required extensive gifts from sources (the family of two Lebanese prime ministers and the Board of Regents, respectively, not to mention a NIST grant for Regents) that are simply not on the table for the IAC. Plus you've got the larger campaign, which has a number of different priorities that are going after the donors who might otherwise be targeted to support the University's number one capital project. Still, I wouldn't despair (yet). It is not unheard of for donors to set conditions like "if you raise $20M, I will commit $5M, but not until then." So it could be that there are opportunities like that out there, not counting against raised or even officially committed (although it can be used to leverage/solicit other big donors) totals, but still part of the overall equation. Having an offseason in which the Big East Coach of the Year can spend some time going around and making a sales pitch also won't hurt. The designs have now been sufficiently finalized that one can show drawings and say, "this is what you can help build." Visuals count for a lot. Having full design completed, where you can say authoritatively, "this is what the inside will look like" and show internal renderings, will be very helpful as well, but one step at a time. A deep run in the tourney would really do wonders too. Everyone likes to back a winner.
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DanMcQ
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Post by DanMcQ on Mar 19, 2013 15:32:53 GMT -5
For Generations to Come Passes the $1 Billion Mark:
From the email sent today from the Office for Advancement:
Every donation helps get us to our goal of getting shovels in the ground for the IAC.
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hoyajmw
Golden Hoya (over 1000 posts)
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Post by hoyajmw on Mar 19, 2013 17:58:08 GMT -5
I have been told directly many times by the athletic department that the requirement is that the IAC have 50% of the funding "committed" (not 100% committed, or 50% actually in hand) for the shovels to go into the ground. That is why/how many of the donations are committed over a period of several years and the department is very willing to be flexible with the time period of commitments (for those of you who may think you need to give it all in one lump sum/not true at all -- they don't need the money in the coffers now, just an "intent to donate" over a specified period of time). And the University is pretty close to the 50% mark now, which is why shovels in the ground late 2013 is very feasible. A good run in the NCAA surely won't hurt getting us over the top, but I am very confident -- especially given how much personal interest the very top of the Administration has taken in driving us to a constructive basketball future -- that this IS going to happen. If any of you were thinking of giving a certain amount over the next several years ANYWAY just to support the program/keep your ticket priority, you can convert that plan into something more directly supportive of the IAC by entering into an "intention to donate" to the IAC over that same period of time.
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RusskyHoya
Diamond Hoya (over 2500 posts)
In Soviet Russia, Hoya Blue Bleeds You!
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Post by RusskyHoya on Mar 20, 2013 9:14:48 GMT -5
I have been told directly many times by the athletic department that the requirement is that the IAC have 50% of the funding "committed" (not 100% committed, or 50% actually in hand) for the shovels to go into the ground. That is why/how many of the donations are committed over a period of several years and the department is very willing to be flexible with the time period of commitments (for those of you who may think you need to give it all in one lump sum/not true at all -- they don't need the money in the coffers now, just an "intent to donate" over a specified period of time). And the University is pretty close to the 50% mark now, which is why shovels in the ground late 2013 is very feasible. A good run in the NCAA surely won't hurt getting us over the top, but I am very confident -- especially given how much personal interest the very top of the Administration has taken in driving us to a constructive basketball future -- that this IS going to happen. If any of you were thinking of giving a certain amount over the next several years ANYWAY just to support the program/keep your ticket priority, you can convert that plan into something more directly supportive of the IAC by entering into an "intention to donate" to the IAC over that same period of time. Thanks for the info. That would also speak to a level of confidence on continued ability to fundraise - you're not going to put shovels in the ground at 50% committed unless you're damn sure you're going to get to 100% more or less on schedule. It's especially heartening to hear this given that it was just publicly revealed yesterday that the plan to add ~400 beds on campus by converting the Leavey hotel has been shelved, replaced with a plan to build a new residence hall in the triangular wedge of space across from the Reiss Science Building, bordering Georgetown Visitation. Those beds have to come online by Fall 2015, so while dorms are generally much simpler to design and build than something like a science building (and the footprint here is much smaller), this is going to have to be a very expedited project in terms of resource allocation.
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Post by hoyasaxa2003 on Mar 20, 2013 11:31:42 GMT -5
Is the Leavey Center hotel going to remain a hotel, or are they using that space for some other reason? I do think that would have been odd dorm space, especially since it's sort of isolated from all the other dorms on campus (though not much more than Darnall).
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