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The original was posted on /r/cfb by /u/DougFlutiesMullet on 2024-07-10 22:01:10+00:00.
“Penn State’s board approved the massive debt-funded project this spring. Supporters say it is necessary for the Nittany Lions to stay competitive in a period of growth for college football revenue…
Yet some trustees and alumni, including the son of legendary Penn State football coach Joe Paterno, are questioning the Beaver Stadium makeover plan.”
This is amazing (when do expenses growth ever decrease?):
“In its stadium plan, Penn State predicts annual athletic expenses will increase over the next 30 years by 2.5%, less than half the rate they have risen in the past decade.”
And more so (when do revenue projections, 30 years out, come true):
“The university anticipates that the athletic department will likely record a $44 million surplus 30 years after the renovation.”
Beaver stadium is getting a $700M facelift, what do you think?
As Mrs. Clever used to say to her husband Ward: “Go easy on the Beaver.”
(Sorry, Wall Street Journal, so paywall)