Congrats...it will look very nice as long as they don't half-ass the finishes like Baylor. I enjoyed your Stadium Fly-Through.
How did you guys pay for it? Asking for a KU friend of mine.
I’m not a finance guy, so I’m probably not the best to respond but I’ll give it a shot. The total stadium cost is $220 million. It is being financed by revenue from the stadium including ticket sales, weddings, and all sorts of other catered events. In the fly through you can see many of the meeting areas that will be available for these types of events. The President made the advisory board go through all kinds of financial models to make sure the bonds could be repaid without dipping into the General Fund or increasing tuition. Private donations for the stadium are in the $40-60 million range currently.
From the FAQ about the stadium, it reads; “The stadium is financed by investors and donors and does not rely on any funding from tuition or state funding. Bond payments will be made from stadium revenues and private donations. Bonds for the new stadium sold in less than 90 minutes on March 19, and certain series of bonds within the package were as much as three times oversubscribed. The total bond package delivered a true interest rate of 3.57 percent.”