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(Tenured Radical)

Tuesday, January 09, 2007

“We’re going to have to borrow some
from the University at this time."

I used to think of Minnesota as one of the more sensible states... nothing like Alabama, for instance. Yet here it is with a new university stadium absolutely hemorrhaging money, plus an athletic department that... okay, wait, lemme see if I can put this sequence of events together...

1. gave its football coach an expensive contract extension last year;

2. fired him yesterday onaccounta he lost a big game;

3. and now (as this post's title, a quote from the University of Minnesota's athletic director, tells us) is draining academic funds to get the money to pay him off.


Making Minnesota look even stupider is the stadium itself -- a temple to the local money gods (GO TCF BANK!) whose cost overruns, in the tens of millions, look likely to go yet higher.



Minnesota students should be aware that they're about to pay a lot more money for a much lousier university.



UD thanks a reader for the link.
Posted at: 1/09/2007 03:39:00 PM