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Old 06-05-2014, 02:57 PM   #13
ConwayGamecock
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Default Re: USC Ath Dept sets Record Revenue!!

Quote:
Originally Posted by thekob View Post
Typically reinvestment takes the place of facilities which use bonds to finance. USC for example took out these bonds for athletics recently:

2008 - $27mill for baseball stadium
2010 - $65 mill for athletics village infrastructure, coach's building, academic enrichment center, tennis venue, farmer's market purchase and a parking garage for athletics.
2012 - farmer's market property renovation, softball stadium.


I'd say the extra was just a matter of making slightly more $ than they budgeted....not something to look at as an indicator of doing really really well.
I think it is...it means that USC will be better positioned to compete with the elite programs in the nation when it comes to facilities. And keep USC a step or two ahead of Clemson in this regard, which should be always important. And this doesn't even add the additional revenues that are projected from the forthcoming SEC Network...
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