Wisconsin Athletics Asking For 11% Hike In Spending Authority
The Univ. of Wisconsin athletic department is asking for an 11% hike in "spending authority" for FY '19-20, according to Todd Milewski of the WISCONSIN STATE JOURNAL. The Athletic Board’s Finance, Facilities and Operations Committee yesterday "unanimously voted to forward the request" for a budget of $159.4M to the full board tomorrow. UW Associate AD/Business Operations Mario Morris said that the yearly escalation was due largely to a $20M price tag for "three major capital projects" and a 2% increase in the "campus centralized services assessment for shared operations." UW will contribute $13.5M toward "completion of the Nicholas Recreation Center." Another $3.8M will go toward "design costs for planned renovations at the Kohl Center and Camp Randall Stadium." The department will pay the first $2.7M toward a $6.5M project to "replace windows and the roof at the Field House and to build an exterior plaza on the south end." Big Ten conference distributions are the "biggest revenue source for UW," with media-rights deals projected to bring in more than $44M in '19-20. Gift funds will provide $41M, with ticket sales at an estimated $32M. Meanwhile, UW Senior Associate AD/Capital Projects Jason King said that an expansion of the Kohl Center to "add student-athlete services and renovation of the south end zone at Camp Randall to add more premium seating are being considered for inclusion" in the '19-21 state budget (WISCONSIN STATE JOURNAL, 2/14).