Luck was meeting with architects on Thursday in regard to the new baseball stadium. Ground has been broken for the University Town Centre project, which will cost an estimated $16-18 million. That cost is not included in the bond of which Luck speaks. That money was secured via a Tax Increment Financing bill approved by the state legislature. The plan there is to have the stadium ready by 2015.
Luck said the bond was proposed after projecting what it will cost to run WVU's athletic department for 12 years.
"We looked at our budgets, expected salaries and contingencies for unexpected events and subtracted that," said the athletic director. "We have four revenue streams: ticket sales, [Mountaineer Athletic Club] donations, TV and IMG. The first two are not guaranteed.
"The money from TV and IMG, though, is guaranteed by contract. The bulk of the money is from Big 12 TV. We sat down with the financial people downtown and they said, 'We think this makes sense.' "
Luck said the athletic department has secured bonds in the past, but "not to this magnitude."
Neither football nor men's basketball has exactly been flying high at WVU lately. What has, however, caught Luck's attention is the success of the Mountaineer women's basketball team. It is ranked No. 18 in the Associated Press poll.
"You know, I was talking to [coach] Mike Carey about it," said the athletic director. "He told me that in one of his current recruiting classes WVU is among the top three [school choices] of six or eight of the nation's top recruits. He said it's all because of the move to the Big 12.
"That's what all of our teams need to do. Mike said in the past WVU might be in the top three of maybe one top recruit. He said we've never been able to recruit like this. He said they might have to change how they recruit."
Reach Mitch Vingle at 304-348-4827, mitchvin...@wvgazette.com or follow him at twitter.com/MitchVingle.