When A&M proposed building the arena in the early 90's (1993 sounds right), we proposed to finance our special events center exactly the same way the sips did, with revenue bonds backed by student fees. The HECB said no, questioning our revenue numbers and whether we needed such a facilityCaptain Pablo said:Biz Ag said:Quote:
Besides, Reed really wasn't a thing (i.e. proposed) until late in Richards' term when she had little to no influence. (Trust me: I'm no Richards apologist; she was a complete buffoon).
Reed Arena was being discussed around the time I graduated (c/o '83). Chester Reed donated land near Katy to fund the project. Problem was, the oil business was tanking by the mid-'80's and so was the Houston real estate market. It wasn't worth nearly what it expected to sell for originally.
IIRC, the original design called for a 15,000+ seat facility which had to be scaled back due to funding issues.
To what extent Richards & Bullock jacked up the process, I have no idea but it wouldn't surprise me if they did.
They didn't. The higher ed board jacked it up when A&M wanted to make up the shortfall with student fees
Was that refusal directed by Richard's? I doubt it, but that board was filled with appointees who would do her bidding. She was an Austin resident (former Travis County Commissioner), and although a Baylor grad, she was 100% a sip fan.
When the sips were ready to leave the SWC (they wanted to go to the PAC 12 but were being blackballed by Stanford), Bob Bullock (Tech basketball player and Baylor law grad) called in both schools and told them that they would have to join the Big 8 and bring along Tech and Baylor. A&M wanted to go to the SEC but Bullock threatened our funding (the stick), but said if we went along, the HECB would approve our new arena (the carrot). We did the deal, but when it came time for the HECB to approve, however, they still demanded we make a bunch of cuts (including lowering capacity) before they would approve it.

