Minnesota Athletics: A Leader in Debt
The University of Minnesota has already scaled back its initial plans for new athletic facilities, but many are pushing for construction to begin within the next two months. The (current) initial phase is estimated to cost $150 million.
The U has reported private contributions of approximately $70 million, but much of that amount is only pledged, with agreed-upon cash payments to be made over the next decade.
It appears that the Athletic Department will need to take on more debt in order to move the project forward in the near future. So, what has the U’s debt load looked like as compared to its Big Ten peers in the past and how might things look in the future? Today, we look to answer those questions.
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