PL Men’s Lax 2021 Mar 15, 2021 3:35:12 GMT -5 via mobile
Post by bfoley82 on Mar 15, 2021 3:35:12 GMT -5
When you go before bonding agencies for financing of new buildings, obviously the higher the rankings the better for your borrowing rates. Like a Fico score. At Jacksonville and Omaha for example, they robbed Peter to pay Paul. They each dropped football so they could parade their new object for adulation, either Lacrosse or Soccer and Basketball. Let’s get some longitudinal data before we can determine if it was the correct move.
Just trying to provide a cogent explanation regarding the smoke and mirrors vs reality. Just because a college has a shiny new toy, does not mean they are doing well. Sad to see when an institution goes under. A lot of tears are cried by their students, alums and staff.
HC is trying to keep these issues in perspective. On February 13th, the endowment crossed the 900 million mark, with the goal to reach a billion. Sound and strategic fiscal management is necessary for the viability of an institution, not going out to buy a new toy, when you cannot afford to do so.
The Omaha comment you are talking about has nothing to do with the discussion. They have a soccer turf (not talking the facility) that FIFA rates the highest in the world, it is literally the World Cup standard. You recognize that right?
PC is rated by Moody's as financially stable in the fall so different people have different ratings