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UH to begin construction on indoor football facility
If the board of regents had not approved the project by Sept. 1, Herman’s contract could have been reduced 25 percent from $2.5 million to $1.875 million.
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Herman’s contract buyout, not his contract.
So I guess prepare to get donation requests for this and the basketball capital campaign.
It states that ALL of the money is already pledged !
For the FB practice facility.
I didn’t read that. It says all the money will come from private donations, not that they have all the pledges.
You could be right Dustin, but I don’t think they would start on it unless they had the funding already secured.
If you read the BOR material, they have raised about $7.5M of the $20M total. The balance is an “aspirational goal” of future donations. Plus they need to raise $3M more for a maintenance fund.
I watched the BOR meeting today. There was no mention of the fundraising at all.
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only 7.5 mil has been pledged so far for IFPF
I wish I understood the process better. Obviously they feel confident about it and it’s happening.