Crab cakes and deficits

[BubbleVisionBiff]

That's what Maryland does.
www.washingtonpost.com/sports/colleges/maryland-athletics-continues-to-struggle-financially-despite-planned-move-to-big-ten/2013/08/13/1a7c5ecc-0419-11e3-88d6-d5795fab4637_story.html?hpid=z1

[Boz]

I may be proven wrong, but my guess is that there will not be enough popcorn in the world to enjoy the coming debacle that is UMCP in the B1G.


(Also, Maryland doesn't do crab cakes, at least not well; Baltimore and Annapolis do crab cakes well. The rest of the state can't even get that right.)

[DFW HOYA]

So, Maryland athletics is $80 million in the hole. What do you do? Double down.

"The University of Maryland plans to launch a campaign to raise tens of millions of dollars to build an indoor practice facility that it believes it needs to compete successfully in the Big Ten in football...The cost of such a facility is estimated in the range of $50 million to $80 million."

bsun.md/13WHzzp

[AustinHoya03]

In other states, I'd expect the state legislature to intervene if a state institution planned to increase its athletic department's debt burden by such an amount, but this is Maryland. The state is proud that its structural budget deficit is down to the hundreds of millions of dollars.

articles.baltimoresun.com/2013-01-17/news/bs-ed-omalley-budget-20130117_1_income-tax-reserve-fund-governor-o-malley-budget-deficit

[BubbleVisionBiff]

chronicle.com/article/Maryland-Emails-Reveal/143455/