To help consider the problem of raising $190 million - I pulled up from Wiki the info on the fundraising for TCF Stadium:
The stadium's cost totals $288.5 million of which the university will pay 52 percent and the state of Minnesota the remaining 48 percent. Including interest the state's cost is about $10 million per year or about $1.7 million per game for 25 years.[34] About $50 million of the state's portion goes to the purchase of 2,840 acres (11.5 km²) of undeveloped university land, part of the Rosemount Research Center in Dakota County, over 25 years by the state of Minnesota who will assume responsibility for risks if the site requires environmental cleanup.[35][36] The university retains its right to use the land for its "research, education and engagement mission" in perpetuity.[37]
The university's share is $111 million[33] or 52 percent.[38] TCF Financial Corporation of Wayzata, Minnesota is contributing $35 million over 25 years in exchange for the TCF Bank naming rights and other agreements. The university projected earnings of $2.5 million per year or $96 million over the life of agreements with TCF that will include marketing debit cards to alumni and ticketholders.[39][40] If unable to fulfill its contractual obligations, TCF Financial Corporation must propose an alternate name subject to the approval of the university.[41] Other corporate donations have been pledged as well, including Best Buy ($3 million),[42] Dairy Queen ($2.5 million),[43] Target Corporation ($2 million),[44] Federated Insurance, General Mills, and Norwest Equity Partners
So- for a huge project like the stadium that had a ton of notoriety the U was really able to fundraise about $76 million. The balance of the $111 million was taken up by naming rights which doesn't seem like a big factor for a practice facility. Now we are talking about pulling in $190 million for a group of facilities that most people will never see the inside of and for a bunch of sports very few people care about.
If Teague really had something here, he'd say that the basketball facility is the first phase, will cost X amount, that they have Y amount committed so far and that the facility would begin in ___ years. I'll be excited when I see that.