Bingo- the concern is the lack of big time athletics donors/fundraising (which is something UConn has struggled with for years). Relying on the state to fund improvements to facilities (look at how long its taken to do anything at The Rent, XL, Gampel as an example) rather than a large base of donors is one of many things that highlight the existing issue, along with the lack of initiative related to NIL and low fundraising amount as it relates to football.
I would hope as part of the presentation, AD David Benedict has a list of high end donors willing to step up with multi-year commitments once it becomes official.