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The all-inclusive Rutgers dumpster fire thread...
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[QUOTE="Pharm73, post: 1772246, member: 4938"] Thanks for the response... My best guess is an accounting change, where paying off the stadium expansion is now not figured against the incoming and outgoing monies, but that cost is in another category... Again, just a guess... I think this one way of accounting is used by many programs, those that recently renovated, RU was just more honest about it previously. I can tell you that if you make that accounting change, the 8 million dollar profit reported is very believable... The ticket and parking prices have gone up considerably For football, over the past couple of years... Very high parking fees, required seat gifts, etc... It puts a strain on my group of nine who are season ticket holders. It seems that every university is wallowing in debt, one way or another... A quick google of Syracuse university shows a 400 million dollar debt which swallows up 40 percent of the budget... On the surface, it sounds bad, but if you look at the total amount of money Syracuse has, manageable... But if somebody has an axe to grind, they could have a glaring headline as though it was a disaster, which it probably is not. [/QUOTE]
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