Read the following post and give your comments on it. What do you agree with? What do you disagree with?

Reply to the following selection:

Building a new stadium or arena is an expensive proposition or proposal. It requires a significant amount of money, time and resources. The people at the University really need to do their homework and due diligence on the arena and really pay attention to how much it is going to cost. The University will most likely need funding for the arena since it is going to cost so much money. Financing stadiums is a daunting task and challenge. Most athletic departments are not self sustaining so it is hard for them to make something like this a reality (Dosh, 2012). The most common way of paying for stadiums is the issuance of tax exempt bonds (Dosh, 2012). A bond is very similar to a loan. It is a contract to repay borrowed money with interest at fixed intervals (Dosh, 2012). These are typically issued by municipalities, governments and counties. This would be the best route to go and it is the most common amongst most universities. It is not that risky.

Having a college arena that really represents your school in a tremendous way is really an important step in college athletics. There are large Universities that have spent between 150 million and 500 million on investments for new arenas (Sirota & Perez, 2016). Most Universities lose money on their athletic programs. Athletic programs should turn a profit not a loss. They are meant to make money off of. Having a great arena is an investment that should pay off.