BleedGopher
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per Sid:
Teague on new facilities
While others aren’t as optimistic, Gophers athletic director Norwood Teague insists they will be breaking ground on new sports facilities on campus this fall.
Teague admits they have raised only $70 million of the $150 million necessary to build all the facilities, but he believes he has a solution. After the initial $70 million, ongoing fundraising should raise $20-$30 million more by the time workers break ground.
Then Teague says the athletic department is in good enough financial shape that they could borrow $20 million as a mortgage. Finally, university President Eric Kaler has indicated the administration would loan the athletic department $20 million.
Teague says they will continue raising money while building takes place, and he is confident the complete amount will be secured to build all the facilities.
The university Board of Regents are expected to approve this plan in June.
http://www.startribune.com/sports/vikings/nfl/302321551.html?page=all&prepage=1&c=y#continue
Go Gophers!!
Teague on new facilities
While others aren’t as optimistic, Gophers athletic director Norwood Teague insists they will be breaking ground on new sports facilities on campus this fall.
Teague admits they have raised only $70 million of the $150 million necessary to build all the facilities, but he believes he has a solution. After the initial $70 million, ongoing fundraising should raise $20-$30 million more by the time workers break ground.
Then Teague says the athletic department is in good enough financial shape that they could borrow $20 million as a mortgage. Finally, university President Eric Kaler has indicated the administration would loan the athletic department $20 million.
Teague says they will continue raising money while building takes place, and he is confident the complete amount will be secured to build all the facilities.
The university Board of Regents are expected to approve this plan in June.
http://www.startribune.com/sports/vikings/nfl/302321551.html?page=all&prepage=1&c=y#continue
Go Gophers!!