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Private Money?

From the Daily:

Plans for a new stadium have been approved by University President Bob Bruininks and the Board of Regents.

Maturi estimates that the total cost of the project, which will rely entirely on private funds, will be between $15 million and $18 million.

In addition to the new baseball stadium, Maturi is working on securing funds to build a basketball practice facility. Maturi said practice facilities around the country range in cost from $15 million to $50 million.

Like the baseball stadium, the practice facility would be privately funded.

And we are going to cut salaries and lay off people.

The Morrill Hall Gang - and sadly the Board of Regents - should think about what kind of message these actions send.

Private money is a concept that the community needs to think about. It is the name of the University of Minnesota that is being used for fund-raising. The Morrill Hall Gang seems to think that if they use what they call private money, then they can do whatever they want with it.

This kind of thinking has got to stop.

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