FWIW:
Not every member of the Board voted for the proposal (26 of the 36 voting members did vote to approve) - see roster below:
There were several disconcerting aspects I found with the proposal:
1) There is no rational analysis that would lead me to a reasoned conclusion that this project can self-fund (ie, generate sufficient revenues to pay for itself).
2) Material presented to the Board was fantastical - completely incongruent with actual real data.
3) Even in a very optimistic light, current and projected future revenue and expense streams lead to PSU athletics being very significantly underwater within 5-10 years.
More disconcerting:
4) PSU Administrative and Board leadership refused to allow discussion of these many issues, including fantastical projections and assumptions.
5) PSU leadership presented assumptive conclusions, but then refused to provide the information they claimed supported these assumptive conclusions (one of the reasons we will be pursuing legal action)
Those who voted No:
Alumni Trustees: Fenchak and Lubrano
Those who Abstained:
Alumni Trustees: Brown, Paterno, and DeLevie
Those who were Absent:
Alumni Trustee: Hasenkopf
Ag Trustees: Harpster and Black
Cabinet Member: Mumin
Governor Appointee: Pegula
Those who voted for the proposal:
Alumni Trustees: Krieger, Short, and Wagman
Cabinet Members: Dunn and Redding
Governor Appointees: Amoros, Delligatti, Davis, Kleppinger, and Onorato
Ag Trustees: Cairns, Detwiler, Dietrich, and Hoffman
All B&I Trustees: Beard, Fenza, Gursahaney, Quintos, Schneider, and Sokolov
All Large Appointees: Schuyler (Matthew), Riegel, Potts
Student Appointee: Schuyler (Kevin)
Faculty Appointee: Rowland
PSU AA Past President: Lynch
More details here:
Why we can’t afford the Beaver Stadium renovation proposed by Penn State Board of Trustee leadership. – BARRY FENCHAK
Ask Barry: Beaver Stadium Renovation – BARRY FENCHAK