I'd love to see the Rent sold out, but even $1M per home game isn't make a huge dent in our deficit. That's $6M per year on a deficit of $45M.
I know the state kicks in money to cover the deficit, but what happens if a few years down the road we get politicians in office who have no connection to UConn, and therefore no desire to keep funding a massive deficit? That's my biggest fear. The state has zero obligation to cover UConn AD's deficit the way they currently are
I've never understood this point.
How is the state covering UConn's deficit?
The deficit is paid for by the school.
UConn has been jacking up tuition at a far faster pace than most schools in its cohort.
UConn subsidy has gone from $681m in 2014, dropped to $613m in 2018, rose to $753m last year (after the act passed by congress ARPA). But UConn has been foisted with additional liabilities by the state that it never had before: $53m in liabilities in 2018 turned to $106m in 2022. Granted, everyone is seeing things like health insurance for employees shoot to the sky, BUT in terms of their fiscal balance sheet, there's no running away from the fact that although UConn has seen a $72m rise in funding over the past 10 years, it has incurred an additional $53m in state liabilities. This means it has received $19m in additional funding.
If state politicians are making the argument that part of the $753m has always been intended to fund athletics, then this naturally means that the state has effectively DEFUNDED UConn since 2014.
At the end of the day, though, it's one budget.