New budget allows Rutgers $100 million in taxpayer money for athletics facility renovations
Rutgers football and basketball may be seeing some major facilities upgrades over the next few years.
According to an article by Abbott Koloff and Jean Rimbach of Northjersey.com, Rutgers received a $100 million budget increase in taxpayer money specified to be used towards renovations to Rutgers athletics facilities.
The funds for the previously unkept athletics division are part of a $300 million aid package for capital projects that also includes $150 million for the university’s medical schools.
It seems head coach Greg Schiano has gotten his wish. The third-year head coach is attempting to resuscitate a seemingly dying program, and this move will certainly be a step in the right direction.
It doesn’t help that Rutgers has accumulated over $250 million in debt, leading into $73 million in each of the last two fiscal years.