tribecalledquest wrote:Milwaukee Panther Arena is a great arena.
I am curious...since it now has the UWM name on it what are the finances? Do they still pay rent to play there every game? That attendance needs to get back in the 4,000K range though.
Thanks for your questions. The university is paying $3.4 million over 10 years for the naming rights. That money does not come out of the athletic department. That comes from the university's marketing expenses.
We do still pay rent, although the cost is far lower than our previous lease, about $14k per game.
Like I said, every time students and fans are surveyed, they will always
always cite playing low-level teams as the #1 reason they don't come to games. Playing Youngstown State and Cleveland State doesn't get them excited. You put UNI, Missouri State, Bradley and Illinois State on the schedule and "VALLEY" on the court and that will build.
The Arena's undergone a bunch of renovations in the past two years, and it's in store for more.
Did I mention we're planning to build a
brand new practice facility? The university has been collecting a segregated fee from students since 2010. We'd be building it this year if we didn't have a certain governor who was trying to balance the budget ahead of a 2016 run for president. It'll move forward soon; the seg fee fund is building every semester, and the university asked for the state for an advance on the money to build it while paying it back as the fee is collected. So it would be a net zero for taxpayers.
Even academically we'd be a boon to the MVC. Ask researchers at Illinois State, Loyola, Southern Illinois and Indiana State if it interests them to have one of the new members be an R1 school. The research partnerships that could be gained by adding Milwaukee are a nice, albeit tangential, benefit.
Our basketball program is in transition, so we're coming off a down year. But remember you're not adding a school for their immediate prospects (although we should be significantly better in 2017-18). I mean, none of us think of UNI as a "14-16 team" - it's just a down year.
I'll say this; coming from the position of an outsider with an obvious bias, I think the best move is a three-team addition of Milwaukee, Valparaiso and Murray State. None of us are hampered by other major sports pulling money from hoops (Murray State hoops is king, Valpo's is non-scholarship and ours is non-existent). We've all got historical success. All of our sports match up with the MVC. We're known commodities, not just potentially good teams for the conference.
Make it Milwaukee, Valparaiso and Murray State. Not necessarily in that order, I'll take the 12th seat as long as I get to the table.