http://www.nj.com/rutgersbasketball/index.ssf/2015/02/state_sen_lesniak_to_rutgers_pres_robert_barchi_ac.html
"Rutgers Athletic Director Julie Hermann has said her department is conducting a feasibility study to address all of the athletics facilities, but told NJ Advance Media earlier this week in a statement: "Building a training center for our basketball teams is one of our highest priorities and has been since I arrived.''
The feasibility study will presumably address the question of what upgraded facilities would cost, but Lesniak put the price tag at $30 million in his letter to Barchi.
"Refurbishing the current basketball facility and building a new practice facility for all 24 sports along with a restaurant and some retail will cost $30 million, half of which can be raised by private contributions,'' Lesniak wrote. "The other $15 million should be secured by borrowing against future Big10 revenues which escalate to $44.5 million annually in 5 years."
This post was edited on 2/26 2:46 PM by Aggs
"Rutgers Athletic Director Julie Hermann has said her department is conducting a feasibility study to address all of the athletics facilities, but told NJ Advance Media earlier this week in a statement: "Building a training center for our basketball teams is one of our highest priorities and has been since I arrived.''
The feasibility study will presumably address the question of what upgraded facilities would cost, but Lesniak put the price tag at $30 million in his letter to Barchi.
"Refurbishing the current basketball facility and building a new practice facility for all 24 sports along with a restaurant and some retail will cost $30 million, half of which can be raised by private contributions,'' Lesniak wrote. "The other $15 million should be secured by borrowing against future Big10 revenues which escalate to $44.5 million annually in 5 years."
This post was edited on 2/26 2:46 PM by Aggs