UO dumps more money on baseball

1/15/2012: Has Pat Kilkenny paid off his previous pledges, or is the UO Foundation still on the hook for the $10 million PK Park costs?

 

(Amounts in $ thousands). The Foundation has to pay 6.25% to borrow money for baseball? Weird. You'd think a solid pledge would be good enough colateral to get a substantially better rate. But UO won't explain what's going on, unless we pay them $484.42:

Now former athletics finance director and new UO CFO Jamie Moffitt is letting out a bid for still more work on PK Park. While Rob Mullens argues that the athletic department does not have any money to contribute towards student scholarships. PK Park - another athletic department gift that keeps on taking from the academic side.