Fundraising - New facilities

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HopHead said:
Maybe the players can go door to door selling chocolate bars. ;)

Actually I think the original poster is on to something. It's fundraising time at MPR and the U could take some cues from them. Perhaps some of the big doners would do matching programs for limited periods of time.
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Right after the date auction...
 







GopherinPhilly said:
I don't remember us raising $90 mil over what we needed, I remember us raising $90 mil when we only needed about $88 mil and remaining couple of mil went into the general athletic fund. If you can find an article that says we raised $180 mil from private donations I will stand corrected, but all I could find was that we needed to raise $88 mil to cover the university costs that weren't covered by naming rights, student fees, parking. This $90 mil included T. Denny's 6 mil and the Sioux Tribe's $10 mil (they also matched $2.5 mil for academic scholarships for American Indians).

Regardless, my issue isn't with how much we raised, its that after we hit our number we dismantled the fund raising apparatus.
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The Sioux/Dakotah contributed $10 million?? Wow! Was there a particular reason for this? I find this incredulous.
 





cncmin said:
The Sioux/Dakotah contributed $10 million?? Wow! Was there a particular reason for this? I find this incredulous.
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A trinket donation so they can maintain their tax-free monopoly.
 



station19 said:
And every other state gets revenue from gaming.

Their monopoly also makes sure the White Earth reservation doesn't get a piece of the big money.
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On this point I agree. Here in PA the state makes buttloads of money off gambling. I am fine with Indian Casinos and don't care if they pay taxes. That treaty was agreed to long ago. I am not fine with the monopoly they have been given that has nothing to do with the treaty and everything to do with our sorry ass legislature who take the cash in their pocket while every other Minnesotan gets hosed.
 



GopherinPhilly said:
On this point I agree. Here in PA the state makes buttloads of money off gambling. I am fine with Indian Casinos and don't care if they pay taxes. That treaty was agreed to long ago. I am not fine with the monopoly they have been given that has nothing to do with the treaty and everything to do with our sorry ass legislature who take the cash in their pocket while every other Minnesotan gets hosed.
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I read somewhere about a year or two ago, that in the previous year the State of Pennsylvania received 1.5 Billion for their share of Indian gaming.

I agree with you on our leg. Most of our state leg is owned by Indian gaming interests.

One thing that many people fail to realize is though MN gave gaming rights to the Indians with no percentage or taxes going to the state, they did not give them exclusive rights.

A casino in conjunction with White Earth(for funding a Viking stadium), was the perfect time to break the monopoly. Instead we got E-tabs. How wonderful that was. That didn't work so just make the smokers pay for it. Seems our Governor was surprised to learn the projections for e-tab revenue were made by the people that supplied the e-tab equipment ....how convenient.
 

station19 said:
I read somewhere about a year or two ago, that in the previous year the State of Pennsylvania received 1.5 Billion for their share of Indian gaming.

I agree with you on our leg. Most of our state leg is owned by Indian gaming interests.

One thing that many people fail to realize is though MN gave gaming rights to the Indians with no percentage or taxes going to the state, they did not give them exclusive rights.

A casino in conjunction with White Earth(for funding a Viking stadium), was the perfect time to break the monopoly. Instead we got E-tabs. How wonderful that was. That didn't work so just make the smokers pay for it. Seems our Governor was surprised to learn the projections for e-tab revenue were made by the people that supplied the e-tab equipment ....how convenient.
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Technically PA isn't an Indian gaming state, they are legalized gaming with a limited number of full casinos and smaller private club casinos. PA uses the money for seniors and education initiatives. We are 2nd only to Nevada in gaming revenue.

To your point about funding the Vikings stadium, Philadelphia has 3 metro casinos that rake it in. Basically choking Atlantic City to death.
 

GopherinPhilly said:
Technically PA isn't an Indian gaming state, they are legalized gaming with a limited number of full casinos and smaller private club casinos. PA uses the money for seniors and education initiatives. We are 2nd only to Nevada in gaming revenue.

To your point about funding the Vikings stadium, Philadelphia has 3 metro casinos that rake it in. Basically choking Atlantic City to death.
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Thanks for the clarification.

It bothers me that the White Earth partnership had no traction. I believe 40% of MN Native Americans live on the White Earth Reservation and that county is one of the poorest in MN(might be the poorest). The metro gaming bands don't seem too eager to share the HUGE revenue potential and profits with their northern brothers.
 

station19 said:
A trinket donation so they can maintain their tax-free monopoly.
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Well, it's considerably more than the 60 guilders (roughly $700 in modern currency) that Peter Minuit paid for Manhattan.

station19, if the state ever established a casino, it would go bust because the established Native American casinos would just loosen their payouts and eliminate the competition.
 

50PoundHead said:
Well, it's considerably more than the 60 guilders (roughly $700 in modern currency) that Peter Minuit paid for Manhattan.

station19, if the state ever established a casino, it would go bust because the established Native American casinos would just loosen their payouts and eliminate the competition.
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Anyone can make money with a casino. Even those that lose money on $8 beer.
 

50PoundHead said:
Well, it's considerably more than the 60 guilders (roughly $700 in modern currency) that Peter Minuit paid for Manhattan.

station19, if the state ever established a casino, it would go bust because the established Native American casinos would just loosen their payouts and eliminate the competition.
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Casino's aren't owned by the state, they are regulated by the state.
 

50PoundHead said:
Well, it's considerably more than the 60 guilders (roughly $700 in modern currency) that Peter Minuit paid for Manhattan.
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Quit perpetrating bad history. The tribe that sold the land didn't own it
 

nsmike said:
Quit perpetrating bad history. The tribe that sold the land didn't own it
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Neither did the tribe from Staten Island that sold Manhattan 7 times.

The "fee" that people often use is that it was equal to 18 troy ounces of silver at the time, or $24 dollars.

Just for reference (through 2012) that ~$24, adjusted for simple 3% inflation would be $2,164,611. If it was invested and eared an average of 5% annually, it would be $3,624,771,902. If the tribe had somehow invested that $24 and returned 10% annually, it would have been worth $227,922,769,180,328,000 at the end of 2012.
 

Unregistered User said:
Neither did the tribe from Staten Island that sold Manhattan 7 times.

The "fee" that people often use is that it was equal to 18 troy ounces of silver at the time, or $24 dollars.

Just for reference (through 2012) that ~$24, adjusted for simple 3% inflation would be $2,164,611. If it was invested and eared an average of 5% annually, it would be $3,624,771,902. If the tribe had somehow invested that $24 and returned 10% annually, it would have been worth $227,922,769,180,328,000 at the end of 2012.
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I could use $228 quadrillion. I'd have enough money to own the entire world. Every government, every business, everything, and I'd still have 226 or 227 quadrillion dollars left over.
 

Damn, I guess I shouldn't have used that 'trinket' reference.:cool02:
 

BarnBoy said:
Is Dr. Don the mule, or the apple pie?
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Maybe Dr. Don would look more like this in the kissing booth:

v9mxiHn.gif
 

GopherinPhilly said:
Casino's aren't owned by the state, they are regulated by the state.
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There was the old Block E casino to build the Vikings stadium that former Rep. Kriesel was working on back in 2012. That is what I am referring to.
 


station19 said:
I read somewhere about a year or two ago, that in the previous year the State of Pennsylvania received 1.5 Billion for their share of Indian gaming.
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That would be enough to cover a decent practice facility.
 

GopherinPhilly said:
If you are committed to getting it done and confident in your abilities, then why wait for the big hits before you start on the small ones. Lets start getting the $5, $25, $50 & $100 individual contributions going, start building a buzz and also let people start to sign up for time/payment commitments over 2 or 3 or event 10 years. Whatever you can afford and want to give.

Whether you love, hate or are somewhere inbetween on Pres Obama, you can't deny that he was elected on the backs of small internet based fund raising and his model is the model for grass roots fund raising. Honestly, I would have rather had David Axelrod than Lou Nanne running the fund raising...David has done it several times and raised several billion dollars.

Also, if you think the "old" men at the U who run things, including Lou "older than my Dad" Nanne have thoroughly vetted and considered internet fundsourcing and social media based funding you are out of your ever loving mind. Most of these guys just started using email on their phones and are amazed when the wippersnappers are watching live TV on the train on their phone...much less raising tens of millions of dollars by collecting small donations from large groups of people.
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nsmike is on to something: research shows (sorry don't have time for a link) that funding goals where big donors commit always beat the final mark, and frequently exceed it greatly. Meanwhile, those that start with small amounts, barely ever meet the final goal.

Humans like to be part of a winner, and can later brag about their successes. Whereas if they cannot see a high likelihood for success most people just give up.

Not sure anymore who the researcher is, but could be either Robert Cialdini or Daniel Kahneman as I've read those two rather extensively.
 

atsgopher said:
nsmike is on to something: research shows (sorry don't have time for a link) that funding goals where big donors commit always beat the final mark, and frequently exceed it greatly. Meanwhile, those that start with small amounts, barely ever meet the final goal.

Humans like to be part of a winner, and can later brag about their successes. Whereas if they cannot see a high likelihood for success most people just give up.

Not sure anymore who the researcher is, but could be either Robert Cialdini or Daniel Kahneman as I've read those two rather extensively.
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What is the success rate for those that are not started? Just saying.
 

<blockquote class="twitter-tweet" lang="en"><p><a href="https://twitter.com/sonnygarcia33">@sonnygarcia33</a> we have discussed and will do. Thanks for the tweet.</p>— Norwood Teague (@GoldenGopherAD) <a href="https://twitter.com/GoldenGopherAD/statuses/433036930901479424">February 11, 2014</a></blockquote>
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