re: Athletic Department Debt

its not a big deal, we have 3 bonds I believe, the 2000 Tiger Den expansions, the 2005 west stadium expansion, and then the recent south end zone expansion. TAF ran the numbers and found that with tick sales, SEC channel money, SEC money, and Low interest rates it was the perfect time to expand the South End Zone. They is where the bulk of the debt is from, but it is debt with low interest rate and went to something that will produce additional revenue. In my mind that is proper and pragmatic use of the leverage model.