The Challenge: Convergence of
Penn State Athletics, as a primary point in its core mission, is to operate as a financially independent unit of the University, utilizing no state appropriated dollars or operating funds from central administration.
Revenues & Expenses
In the current Athletic Department long-term budgeting cycle, operating expenses are projected to exceed revenues within the next 10-year period.
Accelerating the urgency, the current operating budget does not include funding for capital projects in that 10-year period. The department's need for additional, first-rate facilities is paramount to continuing our performance at the highest level, regardless of sport.
Aside from any new construction, the current facilities, including Beaver Stadium, need attention and upgraded amenities. From improved and additional restroom and concession offerings to state-of-the-art game enhancements, such as video boards and wi-fi access, we must be in a better position to deliver increased value to our fans.
The annual operating budget compared to some of the more competitive athletics programs in the nation falls short in several areas. Without addressing the shortfalls and remaining at least comparable to those we compete against, we risk falling behind in critical areas, such as scholarship funding, competitive coaching salaries, student-athlete medical care, team travel, stadium security, etc.
Athletics wants to play an important role in continuing to provide outstanding facilities that not only serve our student-athletes, but the overall student population as well. New or improved mixed-use facilities benefit all Penn State students, faculty and staff.
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