US EditionNew Era of College Athletics Poses Challenges for Iowa State, Which Faces Potential $147M Budget Gap
STORY COUNTY, IOWA, JUL 25 – Major renovation projects are delayed and cost reductions mandated across all sports to address a $147 million deficit through 2031, averaging $24.5 million annually.
- Iowa State University Athletics announced it will indefinitely halt $25 million Hilton Coliseum renovations and a $20 million wrestling facility due to budget challenges in Ames, Iowa.
- The delays are due to an anticipated budget shortfall of $147 million through 2031, driven by Big 12 conference changes, new NCAA revenue-sharing requirements, and increasing operating expenses.
- Cost reduction measures include mandates across all sports, increasing Cyclone Club donation requirements by 20%, and passing sales tax expenses onto fans, who will pay more at events.
- Athletic Director Jamie Pollard emphasized in a July 8 interview the need to identify additional revenue streams and implement cost-control measures as part of the department’s approach.
- These actions aim to address $30 million in recurring annual costs and create sustainable solutions, but the deficit could still grow without additional revenue growth and cost controls.
17 Articles
17 Articles
Higher ticket prices and more due to $147 million deficit in ISU Athletics Program Budget
AMES, Iowa -- Iowa State University is increasing ticket prices due to a projected $147 million budget deficit by the end of FY2031. Iowa State University said in a statement that, “Maintaining a nationally recognized, competitive athletics program is essential to Iowa State University and economically important to the state of Iowa. The university is working diligently with the Board of Regents, Big 12 Conference, ISU Foundation, sponsors, dono…
New era of college athletics poses challenges for Iowa State, which faces potential $147M budget gap
Iowa State Athletics is taking steps to mitigate a potential budget gap in the coming years as it faces rising costs, including compensation to student-athletes stemming from the House settlement.
Iowa State University athletics forecasts budget gaps in coming years • Iowa Capital Dispatch
Iowa State University is staring down deficits to its athletics budget that could total nearly $150 million over the coming years. Shown is Hilton Coliseum at Iowa State. (Photo courtesy of Iowa State University)Iowa State University’s athletics budget is feeling the fallout of changes to contracts and other shifts in collegiate sports infrastructure, according to budgets submitted to the Iowa Board of Regents, leading the university to halt cap…
Cherokee Tribune Ledger News
Iowa State University athletics forecasts budget gaps in coming years
Iowa State University’s athletics budget is feeling the fallout of changes to contracts and other shifts in collegiate sports infrastructure, according to budgets submitted to the Iowa Board of Regents, leading the university to halt capital projects and implement cost…
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