1.1 Debt - Solutions

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1.1 Debt - Solutions


Pages:
8
School:
University of Texas at Austin
Course:
Fin 320f - Foundations of Finance
Foundations of Finance Documents

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FIN 320F Foundations of Finance 1.1 Debt – Solutions U.S. NEWS | August 31, 2012 High School Claims Title in Football's Megascreen Wars Carthage, Texas, Lays Out $750,000 for a 1,200-Square-Foot Scoreboard; 'Who Says It's the Biggest?' CARTHAGE, Texas—This tiny town near the Louisiana border can now make the outsize claim that it is home to the biggest high-school football video scoreboard in the whole state of Texas—and maybe the country. On Friday, all eyes will be on the high-resolution, 1,200-square-feet screen when it powers on for the Carthage Bulldogs' first game of the season. Among the $750,000 behemoth's features: instant replay, animated graphics to fire up the fans and individual stat cards for the teenage players, complete with pictures. "It's something we can say we have that nobody else does," says Shannon Baldree, a 35-year-old teacher who wears football-shaped earrings. "It's a point of pride." Such bragging rights come at a high price. To acquire and install the giant screen, some 70% of the local electorate approved a special bond issue in May to pay for it. The new scoreboard displays the years, 2008, 2009 and 2010, that the high school won the state title. "We earned it," said Jarod Blissett, a Carthage quarterback. "We won three state championships. Not many people can say they've done that." Because size always matters, there are skeptics. "Who says it's the biggest?" says Monique Oliver, a fan of the Lobos, the high-school team of Longview, Texas, which is about 40 miles away but close by Texas standards. A huge screen has graced the Lobos' home field for several years, she says, and "it looks just as big." But the company that installed the new pride of Carthage insists that for a high school, the screen is the nation's largest. It even surpasses scoreboards at some colleges, says Wes Wood, a salesman for Nevco Inc. of Greenville, Ill., and a former high-school football coach himself. He estimates that about 70% of his company's business in Texas is with high schools. "It's a status symbol, you can't deny that," says Mr. Wood. "I can guarantee there's someone out there that is saying 'we can't let Carthage have the biggest in the nation.' " Elsewhere in Texas, the economic recession hasn't damped the devotion to high- school sports—even as the state cuts school funding and districts lay off teachers. Some rich districts have also raised money by asking football-loving voters for money through bond issues. Allen, an affluent suburb of Dallas, is opening a $60 million football bowl with a three-tiered press box and seating for 18,000 fans. More than 40% of the state's football fields are carpeted with artificial turf, including some laid down by the SourceDocument.docx Page 1 of 8 FIN 320F Foundations of Finance 1.1 Debt – Solutions same firm that outfitted the Dallas Cowboys' palatial home, according to Robert McSpadden, who keeps an online inventory of Texas stadiums. Several dozen schools already have huge video scoreboards, including Beaumont, which briefly held ...


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