I started goofing around the cybertubes until I found an Inflation Calculator*. The site adjusts any given amount of money for inflation, according to the Consumer Price Index, from 1800 to 2007.
I researched all the significant upgrades to Sanford Stadium and Stegeman Coliseum listed on Georgiadogs.com and other sources. Then I totaled the original expenses vs. the value adjusted for inflation.
It's not an attempt to compare what it would cost to build these facilities today. The cost of construction materials has exploded such that a comparison of that variety would need to be made by looking at recent peer investments. It's more of a discussion related to what that investment means in 2007 dollars**.
|Sanford Stadium ||Year||Cost||Inflation Adjusted|
|Original Structure||1929||$ 360,000||$ 4,321,237|
|Double Deck Both Sides||1967||$ 3,000,000||$ 18,440,513|
|Enclosed East Endzone||1981||$ 11,500,000||$ 25,917,591|
|Installed Lights||1982||$ 1,000,000||$ 2,122,131|
|Letterman's Club (East End)||1984||$ 386,390||$ 761,788|
|West End Lower Bowl||1991||$ 3,700,000||$ 5,566,676|
|Sky Suites||1994||$ 6,000,000||$ 8,293,229|
|Sky Suites Addition||2000||$ 12,000,000||$ 14,318,151|
|North 3rd Deck (600 level)||2003||$ 25,000,000||$ 28,137,004|
|North Sky Suites Under 600 level||2004||$ 8,000,000||$ 8,716,206|
|Sanford Total:||$ 70,946,390||$ 116,594,527|
|Original Structure||1964||$ 4,200,000||$ 27,800,508|
|Reseating and A/C (Pre-Olympics)||1996||$ 3,000,000||$ 3,927,648|
|Lighting, Lockers, Sound, Etc.*||2001||$ 2,500,000||$ 2,935,973|
|Practice Facility||2007||$ 30,000,000||$ 30,000,000|
|Stegeman Total:||$ 39,700,000||$ 64,664,129|
So what conclusions do I draw from all of this? Well...
- Damn Good Deal - That initial 1929 investment in Sanford Stadium was one hell of a deal. Even with all the add-ons and adjusting for inflation, it's a steal at $116.5 million.
- We Ignored Hoops - There was no significant investment in Stegeman from 1964 until 1996. If you want to know why our b-ball program has faced such an up hill climb, that's it. Dooley simply ignored it. Within months of taking over, Damon signed off on the practice facility which adjusted for inflation is almost equal to all other b-ball investments in our 100 year history.
*This was a staggered investment over a series of years.
**The site I used didn't have 2008 data.