Houston Gets Approval For New IPF

[Bullshutter]

1 hour ago, ArmyBull said:

There is always the endowment money, just sitting there, looking all endowed.  

Endowments are permanent funds established by a Donor whereby only the interest each year is used for the specified purpose of the fund. The principal amount of the gift remains intact and is invested for long-term growth.

[Knight_Light]

On 2/20/2016 at 6:29 PM, raptorcj said:

It's a risky investment for either school really. This whole thing about pouring money into athletics...I just wonder if their admin is robbing peter to pay paul. They'll look like geniuses if it works out, but if not I wonder if their academic boards are crying foul.

UH has raised tens of millions of $$$ from their boosters in recent years...as the past 2 main facility projects were that recently opened:

$120 Million On-Campus Stadium (included demolition of their old public HS/converted college football stadium)

$25 Million Basketball Practice Facility

UH recently got their Board approval for:

$60 Million Basketball Arena Renovation of Hoffeinz Pavilion

And obviously their $20 Million Indoor Football Practice Facility