Marquette On-Campus Arena?
Posted: Fri Dec 14, 2018 1:11 pm
https://www.jsonline.com/story/money/real-estate/commercial/2018/12/14/marquette-looked-building-its-own-downtown-basketball-arena/2280320002/
I did not realize that we were actually close to building an on-campus arena before committing to Fiserv. With our lease there only seven years, we definitely have flexibility to - at some point - pursue an on-campus arena for our basketball programs. Article mentions that our leadership likes the model by Villanova and St. John's (playing many games on campus, but moving big games to NBA arena).
Other nice notes include our basketball programs raking in nearly 23 million last year (men's basketball was $19.3 million), with our athletic program taking-in $34.3 million of revenue (against $26.6 million of costs).
Personally, I think it is a matter of when - not if - Marquette decides to pursue an on-campus arena. We are building a ton of stuff on campus at the moment, so adding a new arena may not have worked out financially in the present. However, in a few years, I would not be shocked to see us pursue the opportunity again. Our President is an engineer after all
I did not realize that we were actually close to building an on-campus arena before committing to Fiserv. With our lease there only seven years, we definitely have flexibility to - at some point - pursue an on-campus arena for our basketball programs. Article mentions that our leadership likes the model by Villanova and St. John's (playing many games on campus, but moving big games to NBA arena).
Other nice notes include our basketball programs raking in nearly 23 million last year (men's basketball was $19.3 million), with our athletic program taking-in $34.3 million of revenue (against $26.6 million of costs).
Personally, I think it is a matter of when - not if - Marquette decides to pursue an on-campus arena. We are building a ton of stuff on campus at the moment, so adding a new arena may not have worked out financially in the present. However, in a few years, I would not be shocked to see us pursue the opportunity again. Our President is an engineer after all