in_the_media
Colorado State's new football stadium could lose money
Posted Sep 25, 2012
Media Outlet:
Denver Post
A new analysis says the proposed $250 million Colorado State University football stadium could lose as much as $218 million or make as much as $58 million over 30-years. "Capital budgeting analysis reveals that only under the most optimistic circumstances will the net present value of the revenue streams generated by the new stadium exceed the cost of the stadium," said Joel Maxcy, an associate professor at Temple’s School of Tourism and Hospitality Management.