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(Tenured Radical)

Tuesday, February 20, 2007

Athletics Purring Along Nicely
at the University of Minnesota


'As of March 31, 2006, athletics had $39 million of debt. The interest on those loans alone cost the department nearly $5 million during 2005-2006.

The department's debt will climb this year due to an increase in the cost of TCF Bank Stadium by nearly $40 million, $25 million of which will be funded by new loans.'