Im not disputing why he was fired captain obvious. But fund raising did not pay for the champions center. CU borrowed the money...
[Dec 15, 2014] CU sold $38.7 million in short-term bonds with a fixed interest rate of 2.43 percent. Those bonds are scheduled to be paid off in 12 years with an annual payment of $3.6 million. If the payments are made on schedule, CU will have paid $43.7 million of principal and interest.
CU also sold $112.2 million in long-term bonds with a fixed interest rate of 3.99 percent. It will pay $6.3 million per year for 30 years on those bonds, ultimately paying $189.8 million of principal and interest.
If CU makes its minimum payments over the life of the bonds, the project will ultimately cost the department $233.5 million. Kelly Fox, CU's senior vice chancellor and chief financial officer, said it's likely the department will stick to the payment schedule and not try to pay down the debt earlier.
Athletic director Rick George said CU decided to sell bonds for the project in August because of favorable conditions in the bond market. George said he is comfortable the athletic department will be able to handle the debt at a time when it is also adding more expenses still being discussed among the power five conferences.
My point was and remains that Larry Scott and Mike Bohn got us into the Pac 12. That change was financially the most significant event for the CUAD since at least the BigXII. The move also re-energized and better aligned us with our out of state alumni base. Which made whatever fund raising easier to go along with over all larger revenue stream that allows us to afford borrowing $233 million dollars.