Lamar will issue bonds to help fund football facility renovations

[Guest coachacola]

From the Beaumont Enterprise today:

"We won't know for sure until we get the numbers, but we expect that we'll need $5 million or less (in private money). ... Of course, if someone wants to give us more than $5 million, that would be terrific," Simmons said with a chuckle. "We wouldn't turn it down. It would certainly give us some more flexibility."

Simmons said the university's timeline for the upcoming year will be something like this:

Get a final cost assessment from architects;

Get approval to begin construction from the Texas Higher Education Coordinating Board;

Raise money through private donations;

Hire a football coach, preferably by August; and finally;

Begin renovations to Cardinal Stadium and Higgins Field House.

Whole article here: http://www.beaumontenterprise.com/site/news.cfm?newsid=19331202&BRD=2287&PAG=461&dept_id=583964&rfi=6

[Guest abovetherim]

Great news, thanks for posting the information coachacola!