Last time we checked in with Associated Students of the University of Arizona President Tommy “WTF—Where’s the Funding” Bruce, he was telling us that he needed to sell 4500 more tickets to his Jay-Z concert in order to break even. He had sold around 8500 tickets to the concert with a $1M+ break even point. Apparently they had to sell 13,000 tickets out of the 17,000 seat capacity.
According to the Daily Star and the Daily Wildcat, the organizers sold fewer than 12,000 tickets although no sales figures are yet available. The cost of the talent was $1.03M and there were additional expenses such as the contract riders, security, facility expenses, etc. ASUA has $300K in reserves but what if the losses exceed that number, do taxpayers get stuck with the bill? Even if they can cover it out of their reserves, how terrible to blow the organization’s reserves on a party. How long did it take them to accumulate these reserves?
This is on top of last year’s Kanye West concert, another Bruce party, that also lost money before it was subsidized with $60K from ASUA coffers.
While Bruce and ASUA were protesting the legislature in January, they appear to be blowing money they could use for scholarships or other assistance to students on a party.
Another question: Can somebody explain to me why a state-owned stadium, at an institution of higher learning, hosted someone who sang a song called “N—a What, N—a Who” (and paid him $10K a minute to sing it)? Please somebody help me out here. Seriously, Google the song lyrics. Wonder how many high school students were in the audience?