donaldross
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- Joined
- May 23, 2011
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After hiring Tubby Smith, High Point has committed 120 million to a new on campus arena that seats only 4500 people.
The school is 165 Million in debt. It thinks it is worth the investment even though HPU is in the lowly Big South and has no real history of basketball success. HPU has used business means (& leverage) to enhance its product unlike the more typical Wake Forest method of paying cash. It is unknown at this time whether the new HPU building will be structured for winning with the students on the floor.
The AD at High Point, Dan Hauser, spent 7 seasons in the Wake Forest Athletic Department.
Wake Forest last broke ground on a new basketball stadium in 1934. We have appeared in 1 Sweet 16 and 0 ACC tournament championship in the last 22 seasons. Wake is 1-2 in the post expansion era in the ACC tournament quarterfinals--by far the worst record in the 15 team league.
High Point feels this investment is worthwhile. Wake Forest does not. It will be interesting to see the results of this decision in the coming years.
In other news today, Pitt hired Jeff Capel and Louisville hired Chris Mack. Pat Kelsey is likely to be hired by Xavier tomorrow--all spent time with the Wake Forest program during their lives. None were ever offered the job at Wake Forest.
http://www.greensboro.com/news/scho...cle_27cc49a1-4417-5cce-90cb-2cee8e3fa473.html
The school is 165 Million in debt. It thinks it is worth the investment even though HPU is in the lowly Big South and has no real history of basketball success. HPU has used business means (& leverage) to enhance its product unlike the more typical Wake Forest method of paying cash. It is unknown at this time whether the new HPU building will be structured for winning with the students on the floor.
The AD at High Point, Dan Hauser, spent 7 seasons in the Wake Forest Athletic Department.
Wake Forest last broke ground on a new basketball stadium in 1934. We have appeared in 1 Sweet 16 and 0 ACC tournament championship in the last 22 seasons. Wake is 1-2 in the post expansion era in the ACC tournament quarterfinals--by far the worst record in the 15 team league.
High Point feels this investment is worthwhile. Wake Forest does not. It will be interesting to see the results of this decision in the coming years.
In other news today, Pitt hired Jeff Capel and Louisville hired Chris Mack. Pat Kelsey is likely to be hired by Xavier tomorrow--all spent time with the Wake Forest program during their lives. None were ever offered the job at Wake Forest.
http://www.greensboro.com/news/scho...cle_27cc49a1-4417-5cce-90cb-2cee8e3fa473.html