4/8/2010: 2 years ago, when Frohnmayer and Kilkenny were selling the Legislature on the arena bonds and they didn’t believe the ridiculous revenue predictions, Frohnmayer said UO would create a special reserve fund to cover shortfalls by adding a $1 surcharge to all athletic tickets. So what’s the balance up to on that by now?
From Melinda Grier’s office:
The University of Oregon has received your public records request for an accounting statement showing payments and disbursements involving the Arena Bond Reserve Fund from its establishment to the present. Deposits to the fund will be applicable to all tickets sold starting July 1, 2010. Accordingly, the University does not yet possess documents responsive to your request.
It’s zero. They decided not to start building a reserve until they were also repaying the bonds! But the restrictions on how they can spend this – they can’t until all of Knight’s money is gone – will knock another $600,000 or so out of the Athletic budget next year.
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