[Strikeout King]

The complaints of some of the UK faculty about the athletic department taking a loan from the school to help pay for new video boards at Commonwealth Stadium seem to have won out, as it was announced today that the entire project would instead be privately funded. The UKAA had planned to borrow money from the school to fund the project and pay it back with interest later, but have chosen a different plan of action.
Here’s the statement on the video boards [from WLEX]:
[INDENT]“After much consideration, we have decided to change the financing arrangement of the new video boards,” said Frank Butler, executive vice president for finance and administration. “While we continue to believe the proposal makes financial sense for the entire university, Athletics will seek to fund this project entirely with private funds due to the project timeline and the sequencing of approvals.”
[/INDENT] I’m not going to pretend to know anything about this situation, but it does seem like if the money was going to be repaid plus interest, there really shouldn’t have been too much of a gripe. Regardless, the athletic department will seek to move forward with private funds. Now, back to whatever it is you were doing.








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