In an email sent early Thursday morning, Tony Frank alerted campus officials of an opportunity for the University to save money in the long run by proposing an additional sale of $18 million in bonds to fund the completion of an academic portion to the new on-campus stadium.
“At this time, I am skeptical that we would actually proceed with the academic portion, but I think the option of discussing the opportunity is rational,” Frank wrote.
Later in the day Frank added the proposal as an amendment to the $164 million bond package that the Board of Governors was scheduled to approve. The Board approved the package and the amendment, boosting the possible total to $181.6 million, but Frank has yet to decide if he will move forward with it. Read more here.