Close to ninety years old, Husky Stadium requires $300 million
in essential renovations and upgrades to comply with ADA,
meet current codes, and to ensure spectator safety, seismic
integrity, and program competitiveness. By doing nothing
and delaying these upgrades, it could still cost $100 million in
maintenance over the next decade.
Husky Stadium is a critically important community facility that hosts local and regional events involving thousands of
Washington citizens. The local ommunity relies on the Stadium
to stay open and be accessible and safe.
UW athletics provide signififi cant fifi nancial benefifi ts for the region
and the State. A recent economic study indicates that UW
sports generate over $12.5 million per year in tax revenue for
the state and the local region. Much of this revenue comes from
thousands of college football fans who travel from other states
to watch their teams play in Husky Stadium. This season over
20,000 fans will visit.
Public fi nancing would not require new taxes, but would redirect
existing revenues that the voters and the legislature have
previously directed to construct other sports facilities. These are
primarily tourism taxes paid by visitors to King County.
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85% of all athletic revenues come from football, funding all
sports except men’s basketball. The continued fi nancial health
of Husky Football is therefore essential to the viability of other
Husky men’s and women’s sports.
UW intercollegiate athletics are self-supporting. It is one of only
14 programs nationwide that does not take money from the
regular University budget or other state appropriations.
Husky sports include a total of 664 student athletes (308
women and 356 men in 23 sports). The NCAA limits annual
scholarships to 287. The UW Athletic Department campaigned
and now funds 134 of these tuition and fees scholarships in
perpetuity. UW donors have supported numerous facility and
programmatic improvements. However, they do not have the
capacity to pay for the entire $300 million project budget.
The experience of other universities shows that moving to a
professional stadium (like Qwest Field) costs universities more
money and weakens fan support. UW would have increased
expenses, lost revenues, and Husky fans would have to pay
more for tickets, parking, and concessions. Student participation
and alumni support could diminish, and the irreplaceable
experience of college game day at Husky Stadium will be lost. |