BleedGopher
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per Sid:
Kaler takes a chance
University of Minnesota President Eric Kaler was asked if he is sticking his neck out to build the $166 million Athletes Village when the project has raised only $80 million for construction so far.
“You’ve got to take some chances every now and then,” he said. “I’m confident we’ll have the funds flow needed to pay for this, and I think our student-athletes deserve the chance to have the kind of facilities that our competitors have.”
Kaler said he was very pleased to see the project move forward, especially thanking the initial donors, and added that the school will continue fundraising while moving ahead with construction.
“We will issue some debt that will be paid for by revenues from athletics and so that will probably play a certain level in the overall project, but we are going to continue to aggressively fundraise,” Kaler said. “We’re going to go ahead with what has been approved within the $166 million budget now, which includes practice facilities for men’s and women’s basketball, football, the center of excellence with our partners Land O’Lakes, and the other pieces that are in that $166 [million].”
http://www.startribune.com/kill-celebrating-gophers-facilities-plan/331896671/
Go Gophers!!
Kaler takes a chance
University of Minnesota President Eric Kaler was asked if he is sticking his neck out to build the $166 million Athletes Village when the project has raised only $80 million for construction so far.
“You’ve got to take some chances every now and then,” he said. “I’m confident we’ll have the funds flow needed to pay for this, and I think our student-athletes deserve the chance to have the kind of facilities that our competitors have.”
Kaler said he was very pleased to see the project move forward, especially thanking the initial donors, and added that the school will continue fundraising while moving ahead with construction.
“We will issue some debt that will be paid for by revenues from athletics and so that will probably play a certain level in the overall project, but we are going to continue to aggressively fundraise,” Kaler said. “We’re going to go ahead with what has been approved within the $166 million budget now, which includes practice facilities for men’s and women’s basketball, football, the center of excellence with our partners Land O’Lakes, and the other pieces that are in that $166 [million].”
http://www.startribune.com/kill-celebrating-gophers-facilities-plan/331896671/
Go Gophers!!