Florida State University has made major investments in its athletic programming over the past few years. They made much-needed renovations to Doak Campbell Stadium, built a football-only practice facility, and more. Those investments were made over a short period, which made it appear FSU was spending money outrageously.
Some media outlets tried to spin it as if FSU didn’t know what they were doing because they had accumulated so much debt. However, we disproved those notions easily here.
The fact of the matter is, FSU has a great credit rating and a very low chance of defaulting on its loans. They have the means to play the loans back, and a big part of that is using Doak Campbell Stadium for major events outside of Florida State football…