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GT athletic dept has amassed $229 million in debt
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<blockquote data-quote="ATL1" data-source="post: 199549" data-attributes="member: 26"><p>The is off the rails. There is something that just doesn't feel right about all of this. I don't feel this way exclusively about GT, but college sports in general.</p><p></p><p>"Georgia Tech, an athletic department that depends on mandatory student fees to help pay its bills has amassed $229 million in debt, records show. </p><p></p><p>In 2014, Georgia Tech athletics collected about $5.1 million from students, which covered about 7 percent of the department’s spending. Spread proportionally across the entire athletics budget, that means students covered about $980,000 of Georgia Tech’s $13.3 million annual debt payments on sports facilities including an indoor football practice field, upgrades to the basketball arena, a basketball practice facility and a softball field."</p><p></p><p><a href="https://www.washingtonpost.com/sports/colleges/for-college-athletic-departments-building-the-best-is-never-ending-task/2015/12/21/e8384dd4-a558-11e5-9c4e-be37f66848bb_story.html" target="_blank">https://www.washingtonpost.com/sports/colleges/for-college-athletic-departments-building-the-best-is-never-ending-task/2015/12/21/e8384dd4-a558-11e5-9c4e-be37f66848bb_story.html</a></p></blockquote><p></p>
[QUOTE="ATL1, post: 199549, member: 26"] The is off the rails. There is something that just doesn't feel right about all of this. I don't feel this way exclusively about GT, but college sports in general. "Georgia Tech, an athletic department that depends on mandatory student fees to help pay its bills has amassed $229 million in debt, records show. In 2014, Georgia Tech athletics collected about $5.1 million from students, which covered about 7 percent of the department’s spending. Spread proportionally across the entire athletics budget, that means students covered about $980,000 of Georgia Tech’s $13.3 million annual debt payments on sports facilities including an indoor football practice field, upgrades to the basketball arena, a basketball practice facility and a softball field." [URL]https://www.washingtonpost.com/sports/colleges/for-college-athletic-departments-building-the-best-is-never-ending-task/2015/12/21/e8384dd4-a558-11e5-9c4e-be37f66848bb_story.html[/URL] [/QUOTE]
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