December 12th, 2018 | by CollegeAD

Then-Oregon State athletic director Bob De Carolis held a meeting in February of 2003 with students at Milam Auditorium in which he unveiled his “Raising Reser” project. “Builder Bob” had already presented his $80-million stadium expansion plan to excited season-ticket holders and key donors. Now, the AD needed to sell students on his master plan. What they didn’t know was just how badly OSU needed it to work. The Beavers athletic department wasn’t just operating upside down financially, matters were about to compound in a way even De Carolis couldn’t have seen coming. The State Board of Higher Education that governed the state’s university system since 1929 in the state would eventually close in favor of independent boards at the universities. De Carolis’ plan was a good one. He’d inherited $12 million of debt when he took the job. He ran the numbers on Reser Stadium, and knew that OSU could have filled its 35,000-seat stadium every college football weekend and still finished in the red.  –  John Canzano, oregonlive – Read More

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