Quote Originally Posted by Exes&Ohs View Post
Lets be very, very careful to avoid any criticism or any adverse comments regarding the Foundation. Without them there would probably be no new press box or suites. You must remember that they loaned the athletic dept the $11mil needed to build the press box and suites. The athletic dept is obligated to repay that but there is no timeline or set amount due at any time thus it will be repaid if and when the athletic dept has the money. Only problem with this is the note is interest bearing at 5% and interest added to principal, if no payments are made, could balloon into an unimaginable amount over time.
There are 24+ suites that have been leased with the annual proceeds, I am sure, used to retire the debt.