Colorado athletic director Rick George is scheduled to brief the Board of Regents on Wednesday about changes he would like to make to the athletics facilities plan first presented to the board in February by former athletic director Mike Bohn.
That $170 million plan included enclosing the north end of the stadium, adding new academic space under the east side club level, expanding the Dal Ward Center to bring the bulk of the athletic department under one roof and building a new permanent indoor facility in an area where family housing is currently located.
The plan called for $50 million of the $170 million to be raised in private funding.
George told the Daily Camera in an interview last month he wants to move ahead with the entire $170 million facilities plan at once instead of trying to build it in stages as revenue becomes available, which was the process Bohn outlined.
George first set a goal in August to raise the $50 million by Dec. 1. Last month, he said the department had "a ways to go" to reach that total.
"If it's not 50 it may be some other formula that allows us to build this facility," he said.
George also said his plan would still occupy the same footprint as the original plan but there would be changes to where different pieces would be located.
What is not clear is how George plans to fast track the project without being able to pay for it considering the department is facing another large revenue shortfall this year on the heels of a $7.5 million shortfall last year. The department is nearly $30 million in debt to the school because of the costs of switching conferences in 2011, poor football ticket sales and multiple coaching buyouts in football.
Football coach Mike MacIntyre said Monday during his end of the season press conference that he is hoping to have good news to share with recruits and their families about CU's facilities plans later this week after the meeting.
George's plan will include some possible additional revenue streams such as creating a human performance and rehabilitation center in the facility where elite athletes who train in Boulder could come to work out and work with medical professionals.
George also might be considering adding some form of club seating for football games in the north end zone. Another possible source of new revenue could be renting office space around the stadium -- once the project is done -- in areas where some in the athletic department are now located.
George's meeting the regents could be a big day for the athletic department. It will definitely shed some light on the direction it plans to take with badly needed facilities improvements.