August 9th, 2018 | by CollegeAD

Strong financial performance and significant increases in self-generated revenue highlighted a very successful year for Colorado State University Athletics in 2017-18. CSU Director of Athletics Joe Parker presented the department’s financial report to the CSU System Board of Governors on Aug. 9 at its regular board meeting at the CSU-Global Campus in Greenwood Village, Colo. Highlights of the 2017-18 financial report with context for the first year of operation for Canvas Stadium: Canvas Stadium had a financially-successful first year of operation with revenue exceeding costs by approximately $4.6 million. Revenue from the stadium outpaced the CSL model by more than $4 million. Total stadium expenses (exclusive of the bond payment) were more than double the CSL model ($3.1 million vs. $1.4 million)  The higher expenses compared to the model resulted from a commitment to deliver a quality game day experience for fans while mitigating impact on the community. – Read More

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