As the Director of Athletics at Big Time State University (BTSU), you have been approached by the president of BTSU about building a new state-of-the-art on-campus arena. She wants to know your ideas regarding the financing of the new facility. What will you tell her?
I would tell the president that the university should look at all possible ways to fund the new facility that do not require incurring a liability. Because the university needs funding, I am assuming that this is a private university that is not able to obtain government funding. If that is the case, the university needs to obtain financing from non-governmental sources, or it could be possible that it is a state university that has maxed out their ...
The solution discusses how to finance the new facility at Big Time State University.