Bowl nets UW $94,000
Randy Marnocha, UW associate athletic director for business operations, provided that figure to members of UW’s Finance, Facilities & Operations Committee on Tuesday.
Total revenue for the bowl trip was $2,585,207, with expenses at $2,490,638.
“We don’t have all our invoices in, but we’re within a few thousand dollars,” Marnocha told the committee.
The committee also approved an athletic department operating budget of $88,368,200 for 2011-’12, with a projected surplus of $142,000.
UW’s athletic board, which is scheduled to meet Friday, must approve the budget.
The proposed budget is about $5 million more than the current budget of $83,219,000. The reasons for the increase include two capital projects.
One is the LaBahn Arena, a hockey/swimming facility set to be built adjacent to the Kohl Center. The second is a proposed athletic performance center, set to be built just north of Camp Randall Stadium.
A $2 increased in season tickets for men’s hockey is expected to generate $446,000 per year. That money is to be used on the LaBahn Arena, which is to have an annual debt service of $580,000.
UW officials estimate increases in priority seating for football and men’s basketball will generate $1.7 million annually ($1.3 million from football and $400,000 from basketball). That money is to be used for the proposed performance center.
Last updated: 4:17 pm Thursday, December 13, 2012