is not the same thing as transparency. New Greg Bolt story on athletic department budgeting, in the RG today, here. Story on Matt Court costs and wildly exaggerated revenue here. In defense of Jamie Moffitt, she did finally post a good chunk of financial info, here, but only after a lot of pressure from the Senate IAC and just before leaving the AD to become UO CFO.
But the administration is still in denial about the Jock Box costs, the secret Frohnmayer / Kilkenny deal to freeze athletics department overhead rates and use student money to pay for the skybox tickets for administrators, etc.
For some reason that MOU is still not on the AD’s financial website. (Actually, it now is, under “debt service on purchase of land …”) I eventually got it with a public records request, as explained in this Steve Duin story in the Oregonian. I posted the memo here.) And given how much digging it took to discover these sorts of subsidies, any reasonable person would wonder what else is still being hidden. Maybe the new AAD for finance, Eric Roedl, will open the books, admit they are in the hole, and start himself off with a nice clean slate?
For the historically minded, here’s the key page from the 2004 report by Terry Moore and Econorthwest on Arena feasibility. Frohnmayer hid this from UO and the Senate Budget Committee arena task force for 4 years, because the numbers were too realistic, and therefore made it impossible for UO to sell tax-exempt bonds to finance the thing.
My recollection is that it was the SBC and documents like this that forced Knight to establish the legacy fund to get OUS approval for the arena. (Bad memory. See the comments for the real tax arbitrage story. SBC report here, thanks). And without that we’d be $15 million in the hole, each year.
It took three months and two petitions to the DOJ to make Frohnmayer release this and give it to the SBC. He had UO spend thousands of dollars at the DOJ, trying to stall the release, as this Oregonian story explains.
In the end, it was a remarkably accurate forecast. So you can be damn sure UO will find a more pliable economic consultant and will try very hard to keep the Senate out of the loop, when they start trying to sell us on the Autzen expansion plans!