Club seat owners now are complaining about leaks that made sitting through the pointless Morgan State game all the more unpleasant.
Club seats of course cost $3000 and up and, apparently, takers are getting not only a bad football team but also a bad seat.
Of course there have been buckets of prior complaints about the contractor, Gilbane, so what better would you have expected?
The real question is why Mulcahy III hired Gilbane when the contractor had been fired from work on NJ public schools.
Meantime, the Chronicle of Higher Education reports the credit crisis leaving many colleges unable even to pay salaries. And you still think Rutgers will able to float $100 million in bonds to pay for a stadium expansion that has a laughable repayment scheme and when boosters apparently were able to pony up only around $90k in donations…towards a $30 million goal.
How did it get a C.O.? Poeple questioned that right before the opening game. Speaking of this misdirection,what has happened to the supposed three investigations looking into Rutgers activites? Well over a month and not one thing out there or are they all sweeping things under the rug?
This blog is a joke – if you don’t like the stadium project (and clearly you don’t) so be it but dragging a fine company like family owned Gilbane, one of the most reputable firms in the nation since 1873, into your pathetic muckraking is an embarassment. You should be ashamed
And did you notice that we’re subsidizing those premium seats? From the article:
Club Seats
Annual premium seat gift: $2,500
(80 percent tax deductible)
Ticket price per seat: $650
Total: $3,150
Loge Box (four seats per box)
Annual premium box gift: $15,000
(80 percent tax deductible)
Cost per box $2,600
Total $17,600
Let’s take the Loge Box as an exampe: the puported cost is $17,600 but you can deduct 80% of $15,000 = $12,000 from your taxes. Assuming you’re in a marginal 50% bracket, that’s worth $6,000 to you. Or, to put it another way, we’re paying $6,000 for your seats.
I would say that if it’s impossible to buy the seats without the “donation”, then that is part of the seat cost and none of it should be deductible.