03-14-2006, 04:03 PM
Report on Sports debt for large DI schools. Here is a part on UC from Plummer who was demoted for Monica. Although written just before the start of 2005, I think you will find some insight into UC money and sports.
In the article, they have some comments from the clown MT...I find this to be a very interesting read:
Here is some of the UC information:
"At the University of Cincinnati, the Bearcats are building a $116 million athletics center that will also house nonsports offices, including the school's health services. Of the $92 million in costs allocated to the athletics department, $50 million will come from donors and $42 million from bond sales, according to Jim Plummer, Cincinnati's chief financial officer.
Plummer says the athletics department's debt of $64.2 million is more ``in line'' than the university's $1 billion in debt. He says the department budget would have to be adjusted should private donations fall short. "
Full article:
http://www.bloomberg.com/apps/news?pid=1...4&refer=us
In the article, they have some comments from the clown MT...I find this to be a very interesting read:
Here is some of the UC information:
"At the University of Cincinnati, the Bearcats are building a $116 million athletics center that will also house nonsports offices, including the school's health services. Of the $92 million in costs allocated to the athletics department, $50 million will come from donors and $42 million from bond sales, according to Jim Plummer, Cincinnati's chief financial officer.
Plummer says the athletics department's debt of $64.2 million is more ``in line'' than the university's $1 billion in debt. He says the department budget would have to be adjusted should private donations fall short. "
Full article:
http://www.bloomberg.com/apps/news?pid=1...4&refer=us