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Communicate with the Senate

RESOLUTION ON THE ALOHA STADIUM TRANSFER

Whereas the transfer of the stadium to the University is being considered

Whereas a complete analysis of the costs of operation, costs of management, size of bond payments, cost of upkeep and the costs associated with existing contracts is not available at present

Whereas a comparison of recent revenues and expenditures is not available at present

Whereas the University has not had a record of keeping up the facilities it has

Whereas sports and entertainment revenues generated by the stadium could.be volatile

Whereas the costs of operation of the stadium could be a drain on monies used for academic facilities and the University budget in general

Be it resolved that: there be an open and public discussion of the financial merits of this transfer involving the Faculty Senate, University counsel and administrators before an action is taken.


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