This blog has followed Colorado State’s inexorable march to a brand new unaffordable football stadium. Ominously, the only member of the board of trustees voting against the thing was its treasurer, “over concerns [about] the University’s increasing debt.” The rest of the crew said haha what the hell. Sure, it might fuck up the academic side of the school but since when does CSU have an academic side?
Idiotically optimistic revenue projections for the thing – projections cited by the trustees – came from the same firm that’s managing the project, which the chair of CSU economics department points out is a conflict of interest.
“ICON Group … is the one that produced the report saying that the stadium will pay for itself, and that is a conflict of interest,” [Steven] Shulman said.
He said if revenues are insufficient to pay debt payments for the new stadium, he believes the money will be taken out of the academic side of the University.
But anyway. No getting between a boy and his favorite sport.
February 10th, 2015 at 4:11PM
It’s times like this I’m planning on encouraging my girls to attend Mines, or UNC; neither of those has a sports program worth mentioning.