ST Alpha - "Here's a weird idea on how to budget ... stop paying insane amounts of money to renovate a stadium" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 151

In response to "Penn State has cut all funding to the school newspaper -- (link)" by budice

Here's a weird idea on how to budget ... stop paying insane amounts of money to renovate a stadium

Posted by Will Hunting (aka JoeMetz) Jul 30 '23, 09:14

$700mil for a 4yr renovation program.

Take some of that insane money and fund the actual fucking reason you exist.

Sure, it doesn't come out of the main budget, but where I'm from, a business moves money across entities to fund its operations.

---

I'm not sure what PSU pays it's normals either, but i'm assuming it's like U-TN here and it's abysmal.

https://gopsusports.com/news/2023/5/4/general-board-committee-advances-initial-expenditure-for-beaver-stadium-renovation.aspx (gopsusports.com)

Responses:

athletics is alleged to be self-sustaining -- they allegedly get zero dollars from tuition or appropriation. - mandy on home machine Jul 30, 09:45 4
- Thing is, they are your revenue front end. The idea that money is held back from overhead is stupid. - Will Hunting Jul 30, 10:12 3
  - the university takes 30 cents on every dollar of donation for administration. so like if you donate a buck to the college of ed, they get 70 cents. - mandy on home machine Jul 30, 10:20 2
    - We got similar here -- the university as a whole pays like shit -- did I ever mention here what my co-worker DBA got offered at UT? - Will Hunting Jul 30, 10:25 1
      - penn state says that COL in central PA is very low and that its benefits bolster actual pay. it's true that 75% off tuition is nice but - mandy on home machine Jul 30, 10:31
public colleges used to be funded like 90% by the state. then they just decided to shift most or all of those funds to students paying tuition - hollywood big shot Jul 30, 09:17

Post a message top

Here's a weird idea on how to budget ... stop paying insane amounts of money to renovate a stadium

Replies are disabled on threads older than 7 days.