How will they pay for a permanent facility?
Partially through money already raised — almost $4 million in the sale of about 3,200 Forty-Niner Seat Licences and $1.6 million in corporate contributions, almost exclusively from the members of the Board of Trustees, all of whom contributed. There was one unnamed trustee who contributed $1 million of that total. Chancellor Phillip Dubois told the board he is hopeful corporate contributions from other sources and FSL sales will increase now that the program has become more concrete. The rest will come from a debt service fee that will be charged to students to cover the $40.5 million in debt needed to finance the stadium. The maximum amount of that fee will be $120 per year per full-time student, and the fee will be charged for 30 years until the debt on the stadium is retired, unless a donor steps forward or the debt is paid off early in some other way.
