The WSC was the largest athletic facilities project in KBOR school history. It used a combination of Bonds (about $53 million, which K-State Athletics Inc. is responsible for) and private giving (about $35 million).
The NEZ/Vanier 3.0 project in all probability will have to be 100% privately funded, and I speculate that it will easily be the largest "cash on the barrel head" athletic facilities project in KBOR history by miles if Currie can pull it off.
So I am not all that surprised that they have a ways go in raising the money. From what little I know it's a very ambitious project and even the wealthiest schools would have to make a concentrated effort to raise that kind of cash all at once.
Private funded 100% because no boxes/regular seating/ revenue enhancements?
Pretty much.
I personally don't see the Regents and KDFA (amongst others) signing off on more bond debt for K-State athletics, unless it's just a relatively small % of the total project.
I've also thought back through the various facilities projects over the years at Big 12 Schools as well as other schools in the region and even across the country.
Outside of maybe T. Boone Pickens Stadium (and even that may have had some debt service based on the whacky scenarios that went down there) and projects at private schools like Baylor and TCU (mainly because they don't have to disclose all of their sourcing) and very small smattering of other projects. This will be one of the largest "cash on the barrel head" from private sources facilities projects ever, by any athletic department. Nearly every major facilities project done over the last decade, even at the larger schools like Texas required long term financing, many times on a substantial level.
If Currie pulls this off, he may not need a football coaching hire to get his next job.
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