You have to have millions in hand, and show that you're going to generate millions more, before the KBOR, State and KDFA will even allow you to sell millions of dollars in bonds.
WSC (Master Plan Phase II) Total Price Tag: $86.75 million, but K-State only issued $53 million in bonds. Over $30 million out of pocket for K-State athletics. That out of pocket would have paid for the entirety of the Anderson Football Complex, a project that ku had to borrow millions for in order to complete.