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Athletic subsidies
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Post: #41
RE: Athletic subsidies
(07-03-2019 07:50 AM)Ohio Poly Wrote:  
(07-02-2019 09:12 PM)Kit-Cat Wrote:  The number one problem with you guys is that most of you don't understand the budgets at all.

In the MAC they don't build anything unless a big donor is there to kick off a fundraising drive to foot the first 50% of cost if not 75%. The exception might be Akron's new FB stadium where its put the school into $100 million dollars in debt.

The total cost of Akron's 27,000 seat stadium was about $60M. Fundraising was kicked off with about $20M in naming rights from Infocision Mgmt. Corp., Summa Health Systems, and several banks.

Cost with interest on the debt service are over 100 million.

But they really needed a new stadium with the rubber bowl in disrepair.
07-03-2019 01:24 PM
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