Friday, June 22, 2007

A Dollar Just Doesn't Go As Far As It Used To.....




Inflation-- that evil word that forces everyone from Granny living on her pension to The Greenback Wizard Alan Greenspan to cringe- seemingly has struck again.

The victim this time? The University of Michigan, specifically, Michigan Stadium, a.k.a. The Big House. It appears that the Board of Regents has approved an expansion of their stadium.
That's right, the Big Get Bigger. For a mere $226 MILLION, the Wolverines will add a whopping total of 499 new souls to the stadium, making it larger than Burbank CA, Green Bay WI or Charleston SC. Yeah, and at 108,000 in capacity, Boulder CO is the next in the crosshairs of Big Blue.

So, for the price of roughly $500,000.00 PER NEW SEAT the Wolverines will be adding 83 suites and 3,200 club seats---items to which they can charge infinitely more for tickets than the $55 General Admission tickets that put your backside on a glorified 2 x 4 in the current configuration. Keep in mind, the original stadium was built for $950,000 in 1927, meaning it was a cost of roughly $9.50 per seat.

1 comment:

Anonymous said...

Good for people to know.