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FB Recruiting Tuesdays with Gorney: Commitment predictions for Rivals250 standouts

Login to view embedded media After a stint at Bradenton (Fla.) IMG Academy, Willor is back in the Mid-Atlantic at Towson (Md.) Concordia Prep and the overwhelming feeling is that he stays regionally with his decision. Penn State and Maryland have emerged as the front-runners and the Nittany Lions - just based off status - have a slight edge at this point.

Football PRESS RELEASE: Penn State Selects Architect, Construction Manager, Consultant for Beaver Stadium Renovations

Penn State Selects Architect, Construction Manager, Consultant for Beaver Stadium Renovations​

Populous selected as architect; Barton Malow, AECOM Hunt, and Alexander chosen as a joint venture construction manager; Nations Group selected as owner representative for multi-phase Beaver Stadium renovations​

UNIVERSITY PARK, Pa. – After a competitive process, Penn State has announced its architect — Populous — and construction manager — a joint venture of Barton Malow, AECOM Hunt and Alexander — as selections for the multi-year, multi-phase Beaver Stadium renovation project. With significant expertise in stadium renovations, Nations Group served as a key consultant in assisting with these selections.



“We are excited to partner with these top-tier firms for the Beaver Stadium renovations,” said Vice President for Intercollegiate Athletics Patrick Kraft. “These companies have a strong history of both renovating and building college football and NFL stadiums and we know they will provide us with a great plan to make Beaver Stadium an even greater beacon for our University and department. We know these groups will preserve the history of Beaver Stadium while bringing it to a more updated and fan-friendly venue.”



As a global design firm with extensive experience in designing sports and entertainment venues, Populous was selected as architect of the Beaver Stadium renovation for its background in creating iconic shared human experiences that serve campuses and communities around the world. Other recent projects from Populous include the renovated Kyle Field at Texas A&M University and the new Buffalo Bills stadium, which is currently under construction.



“Populous is proud to partner with Penn State on a transformational renovation to Beaver Stadium, reimagining and innovating the fan experience of one of the most iconic venues in college football,” said Scott Radecic, senior principal and founder at Populous, and a Penn State graduate and former captain of the football team. “Our team will work hand-in-hand with the University to design and bring to life the spirit and tradition of Penn State, while setting up Beaver Stadium to continue to serve fans for the years to come.”



Spearheading the construction of the stadium’s multifaceted renovations will be a joint venture among Barton Malow, AECOM Hunt and Alexander Building Construction. The three companies have a rich history of working together on multiple athletic facilities over the past 20 years. As construction manager, the joint venture team will oversee the on-site renovation work happening at Beaver Stadium.



Scott Mull, project executive from Barton Malow, who is also a Penn State alum and State College resident, said he is thrilled to lead this exciting project.



"This project has been years in the making; to renovate Beaver Stadium is a passion project for many of us,” said Mull. “Our team is eager to deliver a revitalized facility with fan-facing innovation and premium amenities while still honoring and preserving the legacy and traditions of Penn State football.”



Nations Group, a national owner’s representative firm specializing in assisting universities with the project development and construction management phases of athletic projects, has been retained by the University as a consultant for the project.



“Our team is honored to be a part of the Beaver Stadium renovation project,” said Nations Group President Chris Nations. “In conjunction with Penn State athletics and University administration, we will create a transformational stadium project to enhance the game day experience for all fans, generate revenues that are necessary for Intercollegiate Athletics and create multiuse space and development. In doing so, we will be setting a new standard for college football stadiums.”



Bill Sitzabee, vice president for facilities management and planning and Penn State’s chief facilities officer, said, “External partners and internal team members are now fully equipped and excited to get started on this large, complex project.”



Sitzabee noted that initial construction will focus on improving priority safety and security, including crowd traffic control, and addressing field lighting performance. Winterization work will also be completed, which entails the insulation of pipes and other upgrades to allow the building to be occupied when temperatures are below freezing, giving Penn State the ability to host a College Football Playoff game beginning in 2024 and other potential events beyond football games in the winter months, increasing revenue at the University and in the Centre Region.



At the conclusion of the 2024 football season Penn State will begin a multi-year effort to reconstruct the west side of the stadium, which will maintain traditional bowl-style seating while adding anticipated club and loge seats and executive and founder's suites. Additional anticipated renovations throughout the facility include ongoing code upgrades, accessibility improvements and upgraded fan amenities. These involve improved circulation to ease spectator congestion throughout the stadium, improved restrooms, upgraded concessions, Wi-Fi and cellular upgrades, and additional seating options. Construction is expected to begin in January 2025 and wrap up ahead of the 2027 football season.



This multi-year project is financed and paid for entirely by Intercollegiate Athletics, using no tuition dollars or educational budget.
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Larry Fink on debt, interest rates, and what to expect going forward.

The Blackrock CEO was on Fox Business yesterday and gave his perspective on what to expect as the bond crash continues. The parallels in history with the 1970s, now aligned with the high debt situation that was apparent during WW2, point the way. To be honest I did not realize how we got out of that post WW2 debt problem but Larry made it clear: We used the central bank and inflated it away.

To start, there are two big drivers pointed out by Larry that will make elevated inflation inevitable given a starting debt/GDP that exceeds 100%:
  • The need to pour even greater amounts into defense spending.
  • The need to re-shore manufacturing.
Larry said that we were able to cut WW2 debt/GDP by having our central bank do much the same thing that the Bank of Japan has been doing for decades -- buy our own bonds (i.e., QE). (I had previously thought it was high taxation.). This is inflationary -- expand the money supply -- but it is the only way to prop up a declining economy that is riddled with debt. It is, in fact, a defrauding of bond holders and pensioners, which explains why bonds are crashing. The market can see the writing on the wall.

I think there are some other supporting factors:
  • Tax rates now that are far lower than the post WW2 era rates.
  • The imbalance of wealth.
  • Aging population / less productive younger generations.
It's not all gloom and doom though. Larry thinks that AI and robotics will save the day for investors, though he does see more worker "displacement" ahead. In other words, you can't expect to earn a living working with your hands.

What Larry expects is that the Fed will eventually intervene and suppress interest rates. I see this as likely even before they reach their stated 2% "goal," which they will be forced to abandon. Others agree. Some think a 100 basis point cut next year is inevitable even without inflation reaching target. [The recessionary forces of stagflation will outweigh the desire to control inflation.]

My guess is that they will relieve Powell at the Fed, replace the hawks with doves, and then proceed. When they do the dollar will be devalued. Stocks will be prevented from a free fall, and inflation will take off. I think Larry doesn't expect a 1970s repeat, but it would be impossible to know. No one knows the severity of the war in the Middle East going forward -- the weight that this will put on military spending and energy prices.

Though today investors see Japan as quite an opportunity, it comes after a multi-decade period of losses. Should we expect this going forward in the US? I think we can -- at least against inflation. We're starting with all of the above headwinds.

This has been my expectation for a while, kind of cemented now that we have war and a need to spend even more on the military. It just means that the private economy will change and the public sector will continue to grow. You won't be able to buy the things you like, and you won't be able to retire in comfort. The capital will go into bullets, bombs, and factories of a kind that are likely to put many out of work, at least out of a high-paying job. Infrastructure spending will be paid for through the inflation tax.

This is going to be really bad. Again, remember that, in relative terms, our starting point is ultra low tax rates, inflation, and a stock market bubble that rivals Japan in 1990. I don't see how the technology revolution outgrows these headwinds, but that is really what it will take to preserve living standards. It won't be through importing unskilled labor and handing out more picks and shovels.
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FCS Rankings

#7 Delaware (5-1) - Last Week #8

As of right now, Delaware is the best team in the CAA and they proved it again last weekend with a smothering 21-6 win over conference-newcomer North Carolina A&T. The Hens tore it up on the ground for 322 rushing yards and had two different backs... Kyron Cumby and Marcus Yarns... go for well over the century mark. The UD defense forced three turnovers and kept the Aggies out of the end zone all game while allowing just 13 first downs. It’s starting to seem like no one in the league can stop the Blue Hens but Hampton will have the next go at it on Saturday.

Football PRESS RELEASE: Penn State Selects Architect, Construction Manager, Consultant for Beaver Stadium Renovations

Penn State Selects Architect, Construction Manager, Consultant for Beaver Stadium Renovations​

Populous selected as architect; Barton Malow, AECOM Hunt, and Alexander chosen as a joint venture construction manager; Nations Group selected as owner representative for multi-phase Beaver Stadium renovations​

UNIVERSITY PARK, Pa. – After a competitive process, Penn State has announced its architect — Populous — and construction manager — a joint venture of Barton Malow, AECOM Hunt and Alexander — as selections for the multi-year, multi-phase Beaver Stadium renovation project. With significant expertise in stadium renovations, Nations Group served as a key consultant in assisting with these selections.

“We are excited to partner with these top-tier firms for the Beaver Stadium renovations,” said Vice President for Intercollegiate Athletics Patrick Kraft. “These companies have a strong history of both renovating and building college football and NFL stadiums and we know they will provide us with a great plan to make Beaver Stadium an even greater beacon for our University and department. We know these groups will preserve the history of Beaver Stadium while bringing it to a more updated and fan-friendly venue.”

As a global design firm with extensive experience in designing sports and entertainment venues, Populous was selected as architect of the Beaver Stadium renovation for its background in creating iconic shared human experiences that serve campuses and communities around the world. Other recent projects from Populous include the renovated Kyle Field at Texas A&M University and the new Buffalo Bills stadium, which is currently under construction.

“Populous is proud to partner with Penn State on a transformational renovation to Beaver Stadium, reimagining and innovating the fan experience of one of the most iconic venues in college football,” said Scott Radecic, senior principal and founder at Populous, and a Penn State graduate and former captain of the football team. “Our team will work hand-in-hand with the University to design and bring to life the spirit and tradition of Penn State, while setting up Beaver Stadium to continue to serve fans for the years to come.”


Spearheading the construction of the stadium’s multifaceted renovations will be a joint venture among Barton Malow, AECOM Hunt and Alexander Building Construction. The three companies have a rich history of working together on multiple athletic facilities over the past 20 years. As construction manager, the joint venture team will oversee the on-site renovation work happening at Beaver Stadium.

Scott Mull, project executive from Barton Malow, who is also a Penn State alum and State College resident, said he is thrilled to lead this exciting project.

"This project has been years in the making; to renovate Beaver Stadium is a passion project for many of us,” said Mull. “Our team is eager to deliver a revitalized facility with fan-facing innovation and premium amenities while still honoring and preserving the legacy and traditions of Penn State football.”

Nations Group, a national owner’s representative firm specializing in assisting universities with the project development and construction management phases of athletic projects, has been retained by the University as a consultant for the project.

“Our team is honored to be a part of the Beaver Stadium renovation project,” said Nations Group President Chris Nations. “In conjunction with Penn State athletics and University administration, we will create a transformational stadium project to enhance the game day experience for all fans, generate revenues that are necessary for Intercollegiate Athletics and create multiuse space and development. In doing so, we will be setting a new standard for college football stadiums.”

Bill Sitzabee, vice president for facilities management and planning and Penn State’s chief facilities officer, said, “External partners and internal team members are now fully equipped and excited to get started on this large, complex project.”

Sitzabee noted that initial construction will focus on improving priority safety and security, including crowd traffic control, and addressing field lighting performance. Winterization work will also be completed, which entails the insulation of pipes and other upgrades to allow the building to be occupied when temperatures are below freezing, giving Penn State the ability to host a College Football Playoff game beginning in 2024 and other potential events beyond football games in the winter months, increasing revenue at the University and in the Centre Region.

At the conclusion of the 2024 football season Penn State will begin a multi-year effort to reconstruct the west side of the stadium, which will maintain traditional bowl-style seating while adding anticipated club and loge seats and executive and founder's suites. Additional anticipated renovations throughout the facility include ongoing code upgrades, accessibility improvements and upgraded fan amenities. These involve improved circulation to ease spectator congestion throughout the stadium, improved restrooms, upgraded concessions, Wi-Fi and cellular upgrades, and additional seating options. Construction is expected to begin in January 2025 and wrap up ahead of the 2027 football season.

This multi-year project is financed and paid for entirely by Intercollegiate Athletics, using no tuition dollars or educational budget.
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