Washington athletic department preparing for harsh future financial situation

saturdayoutwest.com is your source?

Vorel’s report also indicated that UW’s athletic department has restructured its payments on the loan that financed Husky Stadium in 2012. The athletic department will make interest-only payments through fiscal 2025, but when principal payments resume in fiscal 2026, Vorel’s report states the payment will jump from $9.8 million a year to $17.7 million a year.

Hopefully this indicates UW is in the B1G by 2026. That's a huge jump in payments on the stadium.

Without knowing the details, it would have seemed reasonable to issue long term tax free muni bonds at a low interest rate when rates were at zero, couldn’t they still do that?
 
Back
Top