Acording to this link 70 million was raised for renovations and expansion to Gaylord Family Oklahoma Memorial Stadium, upgrades to the Barry Switzer Center football facility include a new locker room, upgraded training space and equipment areas, as well as high-tech meeting rooms and film rooms, and new coaches’ offices.
Sooner Magazine, Summer 2010 -- Great Expectations Realized
According to this link.... Phase I of the expansion and renovation centered around a towering new east side that includes an upper deck, 27 luxury sky suites, the Kerr McGee Stadium Club and a club seating section. New perimeter fencing, a new scoreboard and clock tower, enlarged east and north concourse areas with improved amenities, and renovations to the press box and existing luxury suites were also high on the project list, along with plans to give the stadium exterior a major makeover of brick and glass. The projected price tag of the initial phase is $73 million, with Phase II costs expected to be near $10 million.
Total project cost for phase 1 & 2 = $83 million.
University of Oklahoma Foundation, Inc. - Printer Friendly Version
That leaves 13 million to be financed. OU increased its football ticket prices by $5 a ticket to help pay for the expansion / improvements.
OU's budget has roughly tripled in the past 13 years.
When it comes to the stadium, for their to still be out standing bond debt for the east side project, it's something that just isn't adding up right for ther to still be bond debt on this?
Bookmarks