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Subject: Incorrect. We will need 20-30% of the funds necessary to build such a complex upfront to begin construction, which is the norm. Construction can begin in 3-5 years after approval of this project.


Author:
Rambacker
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Date Posted: 23:06:16 12/20/04 Mon
In reply to: DamnRam 's message, "You are correct that it doesn't have to take 10 years to raise the funds, but this is Fordham - land of the 13% alumni giving rate. If the center can be used as a focus for a new drive then that rate could increase, but then again we're talking about an administration that misses every easy opportunity that comes their way. You are correct that the funds don't have to be all raised in advance - BU has only raised 25% of what they need to cover the costs of the fitness and rec center - but for a project on the scale I was proposing we would need to have a large part of it upfront." on 16:20:47 12/20/04 Mon


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