I just thought someone might look at these numbers and come to the conclusion that we are overspending by 3mm. Reynolds was 35mm, the outdoor facility was 4mm and I’m not sure how the cost of the new bb dorm will be handled. There’s that 51% general students and 49% students athletes formula that is popular these days. I don’t know how the cost is allocated between the university versus the atlethic department. There was a discussion of allowing corporations to accelerate depreciation expense in the new tax code. So that 86mm could contain 5-10mm in depreciation expense for non-reoccurring facility projects. That’s a non cash expense that doesn’t reduce cash flows on an annual basis. I’m not judging individual projects. I’m glad Reynolds is still there and operational.
