Re: Stadium update?
illinoisowl saidIf and when they do get the money in hand, I'll know it wasn't easy.
It's the Housing Market that is funding this project…not the Stock market.
We have a 1000 bed defficiency on campus…CASH COW.
No one has millions in capital lying around right now. Most companies would have to borrow to fund a construction project like this. What is fortunate is the bond market is doing fairly well with the stock market doing so poorly. I'm not sure how the dorms were to be funded but a bond issue would have to be the best option right now.
Bottom line, if this process had started two years earlier, the whole process of fund raising would have been much easier we would have a stadium now. But who could have forecast what the economy is doing now.