CSU may take out loan for stadium
Taking out a loan of $167 million, a figure that could go as high as $270 million, depending on how well – or not – fundraising and other efforts go.
The stadium, according to estimates released late last month, would cost $246 million to build.
The money involved, however, could be much more.
Under one scenario, as much as $490 million could be raised. That figure is based on the most optimistic fundraising projections, along with the assumption of debt.
Pursuing a debt initiative is a "Plan B," according to Brett Anderson, facilitator of the financing subcommittee of the Stadium Advisory Committee. Anderson also serves CSU as the vice president of University Advancement.
Anderson stressed that the entire stadium plan, including funding options, is preliminary and nothing has been decided. If it is decided to build the stadium, the first priority will be to secure private donations.
But even then there is a possibility that CSU could leverage any donations it
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