Tidbits from Pollard on Tonight's Radio Show

ribsnwhiskey

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Issue of Bond? What does that mean for a clueless investor looking to get in. Can I buy some? Anyone who has done anything like before and knows what to do? Sorry of I’m asking a wrong person. Thank you.

The state schools issue bonds to raise funds for projects all the time. Its debt financing and is used in conjunction with private fundraising for basically any and all projects we have had. I think you have to go through a brokerage to buy them
 
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Bestaluckcy

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Issue of Bond? What does that mean for a clueless investor looking to get in. Can I buy some? Anyone who has done anything like before and knows what to do? Sorry of I’m asking a wrong person. Thank you.
Typically the bonds are offered in the municipal bond market. Vanguard has a search page where they can be found under the State of Iowa. (sorry not familiar with other brokerages). Priced competively at issue, then trade higher and lower in the secondary market as rates and availability change. Typically have call features and tax advantages. I have been satisfied with my past purchases of ISU bonds. (My last ones were called earlier this year).
 

Mr.G.Spot

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Cytown needs to start small. Hotel, brewery/resteraunt. Bar and grill with a large beer garden space for game days and a place for game watches for away games, and an area for venders and corporate tailgates during football games. Add on piece by piece depending on need after that, following a master plan. A hotel an a restaraunt would not fail there. Start with the sure things.
It will not be all retail.
 

Mr.G.Spot

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Anyone that’s come from out of town for a game (but doesn’t tailgate), ISU event, or for business at ISU knows the need for Cytown.

Then add the desire to grow the Iowa State Center and research Park.

Commercial development will happen in Ames. ISU is the biggest draw in town and brings a captive market. Wise move by JP to monetize that in favor of the AD
We have a winner!
 

Mr.G.Spot

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Any chance the University sells off the Gateway Conference Center and Hotel to refocus on the new district?

Seems like Gateway was dying last time I was out there.
The Foundation owned the Gateway and sold it 10 years ago to a Des Moines individual who is a donor/Governor at Iowa State
 

Mr.G.Spot

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For the first ever (??), the Foundation, the Athletic Department, the Research Park, the University, The Ames Chamber and Convention group are all on the same page.

In the past, and this is normal, they are actually competing against each other for the dollars. Everyone is aligned. Get the infrastructure costs covered and you have the prospects of a fabulous deal.

All of these constituents win with this development, and it will ultimately, as has been said here, enhance all their Brands.
 
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MugNight

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The Des Moines metro continues to grow. I was shocked to see how Ankeny has changed when I was visiting this summer.

Apples and oranges, but there’s a 30 mile stretch north of Atlanta that has exploded over the past two decades. On every exit, there is some form of a mixed use community compound: apartments, grocery, boutiques, brewery, restaurants, theaters, etc all plopped into a square. People absolutely flock to these places.

Population density is a bit different than Iowa, but those areas are making big bucks. Our CyTown might even start pulling more people to move north from the DSM metro. It’ll be a destination.
 

CyBobby

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So it sounds like the PAC will stay together with a crappy tv deal. I wonder if the Big 12 overplayed their hand by being too aggressive?
Could be...When has the big 12 ever done anything progressive/aggressive?

Like the BiG or the SEC!
 

Aclone

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Maybe someone pull Pollard aside and say.... how can we pay the next coach 5 plus million and year and grow facilities? Let's worry about that instead of selling chicken wings and beer to Cytown patrons.
“The next coach”? I’m pretty sure Jamie will be long retired twenty years from now, not his worry.
 

Nor'MidWester

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My guess is that people need to think less "power and light" and more "district at prairie trail". Sure, there will be some bars\restaurants. But there will be also businesses that have little to do with athletics.
Businesses that are okay with having 7 weekends a year with no parking.
I imagine a business would take that because the foot traffic around it would more than than make up for it.
It would have to be food and beverage businesses though. Nothing that you can buy and take with you because where would you put it when you go into the game? Unless they put lockers outside their stores to keep stuff you purchased before the game lol.
 

Aclone

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I'm old enough to remember when they ran unlimited class tractor pulls in Hilton. That was sweet seating for a tractor pull. They were in town for Dorm Days when I was applying at ISU. (it was weekends when they would put you on a dorm floor for a wkend and see how much you could drink)
AKA “Corrupt a Senior”. The one time my floor rented a porn movie.

Some genius picked up a black and white. Yes, this was on the Eighties.
 
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Bestaluckcy

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So it sounds like the PAC will stay together with a crappy tv deal. I wonder if the Big 12 overplayed their hand by being too aggressive?
Having a second thought may be that the OUT buyout negotiations made the negotiations too complicated. The Big 12 has very little incentive to let them off the hook and leave money on the table. Some of the Texas schools may even feel a need for additional retribution because of their rivalry. We may just be entering a holding pattern until Texas and OU put up and shut up.
 

Al_4_State

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I was in Campustown after the SEMO game and my thought was it's a lot nicer than it was 10 years ago. It needs more, but Ames has always been hurt by the Campustown and downtown not being the same part of town. The only comparison I can make in terms of P5 college towns with the downtown and campustown separate are Stillwater and Manhattan. Manhattan has a nicer Campustown (its not a landslide though) but Stillwater definitely doesn't. All of them (and Ames for that matter) are plenty of fun. Ames has a better downtown than Manhattan.

The people shitting on it here are suffering from the classic "being too close" syndrome (you think what you have is terrible and the grass is much greener elsewhere). It has plenty of room for improvement, but the people acting like it's Detroit are just way off base.
 

CascadeClone

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May not be competing for the same acts or same type of entertainment.
Academic conferences.

When i was a student, we put on a 3 day conference for the national space society. Out at the hotel south of 30 off Elwood. Had a couple hundred attendees, maybe half stayed at the hotel. They had the space for multiple tracks of speakers, etc.

Lots of small academic and professional orgs do an annual conference. This is perfect for that.

I think between CY and Scheman events, gamedays, conferences, and events (eg weddings) it will work.

I promise its all been studied and planned and projected out by TPTB. As long as they are making good assumptions it will be OK. And I think JP has more than earned our trust on that kind of analysis.
 
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2forISU

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Whoever is behind the development in Cedar Falls or even Coralville needs to be hired by the city of Ames to help future development.