2020 Lane Stadium reseating and Hokie Club Donor Updates

The 2020 Virginia Tech athletics season will include an entire reseating of Lane Stadium and Cassell Coliseum, as promised during the 2017 reseating process. Seats will be selected in the spring of 2020 based on priority points and provided each individual contributes at the per-seat minimum amount for the area they select. As scholarship costs continue to rise, the Hokies will place the following adjustments into effect: membership levels will see an average increase of 10 percent; all per-seat contributions will remain the same except for the addition of a $25 per seat gift for seats that previously did not require a donation; and the membership deadlines have been consolidated into the annual giving deadline of March 31. Additional information regarding ticket options, season ticket prices, and other details will be released later this fall as the renewal process begins

https://hokiesports.com/feature/2020

So here are the first details about reseating and upcoming changes to Hokie Club levels. Very happy they added an entry level position since that's a complaint I've heard a lot. The info graph on the website using specific athletes and what it costs to pay for them to attend Tech is an excellent marketing tool.

DISCLAIMER: Forum topics may not have been written or edited by The Key Play staff.

Comments

$30k tuition for one year of undergrad. And that's before factoring in room, board, food plan, fees, and text books.

And people wonder why I don't plan for my daughter to attend Virginia Tech. You're basically looking at a $200k undergraduate degree, which is batshit insane. There are few, if any, jobs that will pay that off with an undergraduate degree.

King Alum of the House Hokie, the First of His Name, Khal of the Turkey Legs, The rightful Heir to the Big Board, the Unbanned, Breaker of Trolls and Father of Gritty

Well I've got bad news for you: that's the going rate for most universities. Go check UVA, or JMU, etc. for their costs. I also think there's an out of state bump there since he's from NC?

So is alum.

Wet stuff on the red stuff.

Join us in the Key Players Club

Yes out of state tuition at VT (and every other major university) is extremely high. That's not an indictment of Tech alone. It always has been extremely high compared to in-state

Which is insanity

There is no way any college is worth $50k per year for an undergraduate degree. None.

And VT wonders why it's having a hard time with young alumni fundraising. If I had to deal with that cost now, there is no way I'd ever give another penny to the school after paying it off. And given the interest on school loans, these kids are probably ending up paying half a mil by the time it's all done, if they ever do.

King Alum of the House Hokie, the First of His Name, Khal of the Turkey Legs, The rightful Heir to the Big Board, the Unbanned, Breaker of Trolls and Father of Gritty

And yes, that pretty much is it. I cannot see how its justified that Virginia Tech costs between $40k and $50k per year in out of state tuition. At that cost, I will not send my children to Virginia Tech. Period. Will not do it. I cannot justify $160k-$200k in student loans before interest just to get an undergraduate degree. That's insane. They'll never be able to pay it off, not with the reasonable jobs one can get with an undergraduate degree, and that's with the highest paying jobs, heaven forbid they want to pursue the liberal arts where you need a masters degree to basically earn anything over minimum wage. I will send my children to any of the schools in NC before I even consider Virginia Tech at those costs. Its way too high, and its not like the actual quality of education is any better than when I was there 15 years ago paying less than half that price. All these funds have gone toward flashy infrastructure that makes the school look prettier and more techy, but is minimally helping the quality of education these kids are receiving.

King Alum of the House Hokie, the First of His Name, Khal of the Turkey Legs, The rightful Heir to the Big Board, the Unbanned, Breaker of Trolls and Father of Gritty

To you from failing hands we throw
The torch; be yours to hold it high.
@BuryHokie #ThanksFrank

Many people start saving well before the child is college age, so hopefully, the student loan isn't for the full amount. Also, there are scholarships and government assistance for most.

But you're not wrong about the cost.

This is an example of where government subsidy, over time, has actually driven UP the cost.

This is an example of where government subsidy, over time, has actually driven UP the cost

Don't say we never agreed on anything. Giving universal access to tens of thousands in grants and loans to everyone has absolutely exploded secondary education costs.

It's science.

You could always move to get in-state.

Yea, but maybe they will get to stay in the Holiday Inn freshman year!

You will see this game, this upset and this sign next on ESPN Sportscenter. Virginia Tech 31 Miami 7

Yet people are livid so many kids got accepted even at these high prices.

Wet stuff on the red stuff.

Join us in the Key Players Club

VT accepted so many kids that they didn't have room for them.

So yes, it was too many.

And most of those kids college students qualify for at least some government assistance in paying the costs.

Do just the "extra" kids qualify for government assistance, or ALL of them have at least some government assistance?

To you from failing hands we throw
The torch; be yours to hold it high.
@BuryHokie #ThanksFrank

See edit

Where do I find some of that for my freshman? Definitely don't consider myself "well off" and we don't qualify for jack.

This isn't a VT problem though. I went to VT out of state and it was the 2nd cheapest option for me after the public schools in my state. Annual costs were actually still pretty close if I had stayed in state. Public schools in MA don't really compare to the quality of public schools in VA and the private schools I looked at were close to 60k a year.

Same here. I came from RI. Syracuse and Cornell were far more expensive than Tech for engineering. URI really didn't have a well rated Civil Engineering program.

My son attends JMU, its not in the same ballpark.

Is it basketball season yet?

So I was using the numbers from Alum (Out of state I'm guessing?), which aren't in the same ballpark.

You're looking at just under $90K for undergrad as opposed to the $200K that Alum referenced (maybe those numbers include things that aren't included in what we are paying for JMU). He didn't apply to Tech because he wanted to go to the JMU business school, so we didn't even look at those numbers.

Is it basketball season yet?

Those are out of state rates, not in state, but 30k seems cheap compared to a lot of schools.

But VT also doesn't have the endowment fund that most of the ΓΌber expensive schools have that can offset a lot of costs.

Just did it for my son, out of state..yep, a ton of money

For 2017-2018, the average (mean) cost of out of state public schools was $40940. Assuming 3% increase in costs each year, that is $43.5k this year. So VT, one of the better public schools is slightly above average cost.

This is off thread, but does anyone have any comments about the reseating for next year?

It will be a huge flop if the team is not good this year. Bank on that. Ticket sales were down this year. Those same seats are 10% more expensive next year. If we are coming off 7 wins, It's going to be disastrous.

If by "down" you mean "up" then Ok.
Just for informational purposes...
Take away the Marshall game in 2018 because it shouldn't hurt the numbers...
2018-ave 64,280 in 6 games, #22 in FBS
2017-ave 63,214 in 6 games, #24 in FBS
2016-ave 63,043 in 6 games, #26 in FBS
2015-ave 60,824 in 6 games, #28 in FBS

To you from failing hands we throw
The torch; be yours to hold it high.
@BuryHokie #ThanksFrank

I'm actually with DC on this one. Last season will have more of an effect on ticket sales this year so we won't know until after the season what effect the 2018 season had on attendance. If we have back to back subpar seasons and tickets get more expensive... i don't see how you argue that there won't be a big problem. Keep in mind, this is coming from a guy that is planning on doing season tickets for the first time in 2020.

2016 - first season under a new coach. you see a bump.
2017 - coming off of a 10 win, ACC costal champs season. you see a bump.
2018 - coming off of a 9 win season with a top 20 ranking and high expectations. you see a bump.
2019 - coming off our first losing season in over 25 years with mixed expectations and a weak home schedule. don't expect a bump.

15 Straight

10% isn't that big a bump. (Also note that it's the base contribution level, not the ticket price)

The wins, on the other hand, will be a factor. One way or the other.

Also, we play Penn State at home, which should boost ticket sales.

Right i don't think the price increase by itself would hurt sales, but a subpar season plus increased prices i think will.

15 Straight

I'm not going to argue that something that hasn't happened will be a big problem. I'm looking at the numbers. Prices have gone up over those 4 seasons that I posted, and yet attendance did as well. Up 6% from 2015 to 2018. There are people that want to go to games all the time...it's not just the same pool of 60k people. Let it play out before the sky falls. Whit is in charge of things and I have faith in him to handle any situation.

To you from failing hands we throw
The torch; be yours to hold it high.
@BuryHokie #ThanksFrank

True but what we're saying is ticket price increases plus subpar seasons could lead to dropped attendance, which isn't unreasonable. From 2011 to 2015, you watched attendance steadily drop each year from 66,233 to 60,824. If your argument is "That is under an old regime. Whit can prevent that", then ok, we'll wait and see. But, we can't act like our fans will be there rain or shine at any cost. That was almost a 10% drop in attendance that correlates directly with our toughest stretch of seasons.

15 Straight

Season ticket sales and attendance are not the same thing. I haven't checked the numbers but I have heard season ticket sales were down this year. Anecdotally I know a number of people who dropped them for a number of reasons not related to wins and losses. Too expensive, getting older, travel burden, etc

I'd guess also: lackluster schedule.

As far as I can tell, the increase will have no effect on my ticket prices. My seats are still in the $600 per seat area. The bottom level of silver hokie is still below my required $1800 for my three seats.

This topic deserves it's own post +1

Fernley how goes it over there with the whole Hong Kong crack down going on?

Wet stuff on the red stuff.

Join us in the Key Players Club

Classic TKPing

Hoping to parlay it into slightly better seats for the Penn State game in particular. I've moved up in priority over the last 3 years but I haven't found any decent improvements over the seats I settled for when I was a few donor tiers lower.

The Orange and Maroon you see, that's fighting on to victory.

Bingo. I'm putting up with this season's home schedule to better setup for the coming seasons. And seeing as how I went from way up in the SEZ, to beside the student section (I wanted to die), to a section and a half away, I'd say I've done ok as far as upgrades.

Amateur superstar and idiot extraordinaire.

My seats moved this year from section 18 to section 16. So I slid more to the center of the field.

Dax drives a nicer Jeep than i do. Don't tell me how he needs my help financially. /s

15 Straight

Dax drives a nicer Jeep than i do. Don't tell me how he needs my help financially. /s

I hope this helps HC numbers.

As for reseating, we're in the cheap seats that nobody likes, and we love them. Unless there is a rush for SEZ seats by big donors...not worried.

"How the ass pocket will be used, I do not know. Alls I know is, the ass pocket will be used."
- The BoD