Lehigh Football Nation
February 24th, 2008, 10:28 AM
http://www.championshipsubdivisionnews.com/?title=colleges-face-arms-race-for-funds&more=1&c=1&tb=1&pb=1
Fascinating article about how schools like Chattanooga have to depend on student fees to fund their athletic programs: and how even FBS schools have to rely on fundraising and private donors to keep their sporting juggernauts afloat. Truly, FBS isn’t the end of athletic programs’ financial headaches, as the “arms race” shows.
In the “arms race” for athletic supremacy, the University of Tennessee in Knoxville is rolling out its financial firepower.
Tennessee’s largest university is in the midst of the biggest capital campaign of any athletic program in the South and the third largest in the nation, with much of the funding coming from private donors. The university, which ranked fourth in the country last year in athletic spending, is attempting to raise $210 million to build and upgrade more than a half dozen athletic facilities across its 550-acre campus.
UT’s athletic capital campaign will comprise more than 20 percent of “The Campaign for Tennessee,” the university’s fundraising effort to raise $1 billion for all five of its campuses by the year 2011, according to the Chronicle of Higher Education. The University of Tennessee at Chattanooga is one of the schools in that system.
Fascinating article about how schools like Chattanooga have to depend on student fees to fund their athletic programs: and how even FBS schools have to rely on fundraising and private donors to keep their sporting juggernauts afloat. Truly, FBS isn’t the end of athletic programs’ financial headaches, as the “arms race” shows.
In the “arms race” for athletic supremacy, the University of Tennessee in Knoxville is rolling out its financial firepower.
Tennessee’s largest university is in the midst of the biggest capital campaign of any athletic program in the South and the third largest in the nation, with much of the funding coming from private donors. The university, which ranked fourth in the country last year in athletic spending, is attempting to raise $210 million to build and upgrade more than a half dozen athletic facilities across its 550-acre campus.
UT’s athletic capital campaign will comprise more than 20 percent of “The Campaign for Tennessee,” the university’s fundraising effort to raise $1 billion for all five of its campuses by the year 2011, according to the Chronicle of Higher Education. The University of Tennessee at Chattanooga is one of the schools in that system.