K-State borrowed $50 million, and the price tag for this phase of the Master Plan is $85 million. So over $30 million of this thing will have to be paid straight out of pocket.
He must have known Synder was committed for that new 5 years because that's a huge risk without him at the helm.
Not risky at all. The WSC is nothing but premium seats - with premium prices. All of 40 suites, 36 loge boxes, and 800 club seats require "construction gifts" to even reserve a spot. Prices for the Loges and Club Seats are on kstatesports.com. A single club seat requires an upfront $15,000-$25,000 construction gift + $3,000 annual payment. A single loge seat requires a $30,000-$40,000 construction gift + $3,750 annual payment.
The Suites are contracted on 5, 7, and 9 year terms, costing $45,000 to $75,000 annually, plus one-time construction gifts that run up to six figures.
This thing will pay for itself quite easily, even if Snyder retires in 2-3 years.