UC-Berkeley May Have to Borrow for Stadium Renovation

April 18, 2012

The University of California at Berkeley sports program has fallen $270 million short of its fund-raising goal for a renovation of its football stadium, and the university may have to borrow -- and pick up the bond payments -- out of general campus funds, The Wall Street Journal reported. While Berkeley administrators say that any such payments are years away, the prospect of another athletics-related drain on the university's budget agitates faculty members, who have bristled in recent years at significant budget deficits in the athletics program.

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