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SBD/December 6, 2013/Facilities
Published December 6, 2013
BOMBS AWAY: In Oakland, Jeff Faraudo notes Cal's field naming-rights deal with Kabam "provides one more revenue source." The school has "diversified its approach to paying down" the combined $474M debt on the stadium renovation and retrofit and on the "construction of the Simpson Center training facility." Cal AD Sandy Barbour said that at "no time did Cal consider selling naming rights to Memorial Stadium itself." Cal Vice Chancellor/Administration & Finance John Wilton said that the money "will be invested in the stadium endowment fund and should grow" by 6-7% per year (OAKLAND TRIBUNE, 12/6).
OTHER OPTIONS: ISC Vice Chair & CEO Lesa France Kennedy said that Daytona Int'l Speedway "could host other events such as international soccer and college football games once the Daytona Rising project is completed" in '16. Kennedy said, "NASCAR is always going to be our primary revenue driver, but we're going to look at some other things. International soccer friendlies, for instance. Might want to host some of those, or concerts. It's going to be more flexible than the current speedway that we have, and it's going to offer a lot more options. We are also in discussions with several universities about NCAA football. That might be kind of exciting" (NASCAR.com, 12/3).