I find this fascinating. They are taking out $220 million in revenue bonds to build a new stadium because they only were able to raise $25 mill in private funds.
Because this fell well short of their goal, Colo St value engineered the project from $254M to $220M.
If stadium revenue is insufficient to meet the bond obligations, then Colorado State owes the bondholders and would have to divert money otherwise collected for tuition and student fees (or perhaps state or federal subsidies) to...
Colorado St Bankrupting Itself
Because this fell well short of their goal, Colo St value engineered the project from $254M to $220M.
If stadium revenue is insufficient to meet the bond obligations, then Colorado State owes the bondholders and would have to divert money otherwise collected for tuition and student fees (or perhaps state or federal subsidies) to...
Colorado St Bankrupting Itself