the "preserving" branding around this is so fing disingenuous and frankly insulting. Preserve it from what? The administration from turning it into "Food City Stadium?" All the while tickets have a "20,000 person waiting list" and UT Athletics is dropping infographics about record revenues, and the record profit from "Parking and Concessions." like just fing kill me. Can't wait to see what convenience store is going to have naming rights for the baseball stadium once it's done with renos.
There actually is a legitimate need for "preserving" public as well as private assets in this predatory corporate, no-rule-of-law environment.
Blackrock, Vanguard, and State Street have the financial holdings and power to tell every government on earth what to do (except the CCP's China, and Putin's Russia--but only because they already pillaged it after the wall fell). And they do.
Just a spot illustration of how predatory it is today...
A favorite practice of private equity firms over the past few decades has been to buy controlling interests in chain restaurants and chain drugstores which
own the property on which their stores are built.
Then the equity firms reorganize the chain, establishing a separate company within the company to manage the real estate, and then demand the restaurants and stores pay rent to it. Then they bleed all the money and assets out of the restaurants or pharmacies, drive them into bankruptcy, and sell the property (with building) for an even greater immediate profit.
Sounds crazy, but it brings in fresh capital immediately. It's terribly destructive to the communities around them, to the people who were employed, but that's what private equity firms do--they pillage.
So hopefully, HOPEFULLY, there are actual relationships between the state, the university, the Knoxville community and East Tennessee and Pilot, which will keep the pillagers at bay for awhile.
But everyone has to be diligent! Warren Buffet has a nice, homespun charm, but he's 93. And Berkshire-Hathaway, just for illustration, has already "been given" immanent domain powers by some midwestern governors, to take farmland wherever needed in order to build pipelines from ethanol plants to a common waste area in the Dakotas. Whoever heard of immanent domain powers being given to private corporations???
This isn't a left wing/right wing issue. We're all in this together. Who would you trust? Global corporations? Politicians? The least powerful people in Washington seem to be the ones who are elected by the people. They get told what they can and can't do by the permanent government, which seems to be in link step with the biggest money.
Not saying this to be political, but to encourage all of us to keep an eye on
every powerful entity--not just the NCAA.