6
Tuesday, November 29, 1977
University Daily Kansan
Stadium loan terms to be secret
By MARY HOENK
Staff Writer
Sipulations of the loan to finance Memorial Stadium improvements will not be released to the public because of Kansas University Endowment Association policy.
The loan is being made by the Endowment Association to the University of Kansas
But members of the KUAC executive committee, which met last Wednesday to discuss the loan's details, said they were satisfied.
The $1.8 million loan, which was granted to KUAC by the Endowment Association last week, will be financed through a football ticket price increase that will increase the price of a student season ticket next year from $20 to $3.
Beginning next fall, the price of a student ticket will be increased by 50 cents a game, faculty tickets by 75 cents a game and public tickets by $1 a game.
THE LOAN WILL finance renovations that include concrete restoration, water-proofing and new seating; replacement of interior fixtures; dressing rooms; renovations of public restroom facilities; improvement and expansion of the press box; and miscellaneous projects including electric water and sewage lines and renovation of concession areas.
Funeral rites to be held today for KU senior
Funeral services for Barbara Sturm, 21, of 2102 Condole Circle, Leawood, will be held at 1 p.m. today at Mount Moriah Chapel, Kansas City, Mo.
Miss Sturm, who was a senior at the University of Kansas majoring in human development and family life, died Saturday of cystic fibrosis.
She was graduated from Shawne Mission South High School in 1974.
Survivors include her parents, Mr. and Mrs. Bernard Sturm of the home, and her maternal grandmother, Mrs. A.G. Curry, Pittsburgh.
Burial will be in Mount Moriah Cemetery. The family suggest contributions to the Heart of America Chapter of the Cystic Fibrosis Foundation.
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The loan could not be secured from any other source, according to Jill Grubaugh, student representative to the executive board of the new waiver from the Endowment Association.
Bill Bollings, alumni representative to the KUAC board's executive committee, said that he was pleased with the details of the loan and that the interest rate received was
J. Hammond McNish, faculty representative to the committee, said he was satisfied with the arrangements but would not compare the interest rate to that
"The INTEREST rate is better than at any other lending institution." Grubaugh said, "and the terms are the best we would find on that much money."
"We didn't compare loan rates at a bank because of our unpaid balance with the
McNish said that he did not foresee any problems with the loan arrangements and that it was important to get started on the renovations right away.
Endowment Association on the stadium's expansion," McNish said.
Clyde Walker, KU athletic director, said he was satisfied with the terms of the loan and expected stadium renovations to be completed by Sept. 1—eight days before KU is scheduled to open its 1978 football season at the stadium.
The KUAC board voted last month to get permission from the Big Eight Conference to impose an increase to finance an original game with a new opponent, and that was later approved by the Big Eight.
Opposition to student financing of a proposed expansion of the Victory Club, a game facility for Williams Educational Fund contributions; VIP seating; and a wait
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Grabble said the student opposition was important because "there would not have been a revised proposal if students had not voiced their opinions.
DAMAS DINNER
Every Sunday, Tuesday and Wednesday we'll feature a Special Mexican Dish.
around the south end of the stadium surfaced three weeks ago in a Student Senate resolution and a student petition bearing 2,500 signatures.
THIS WEEK'S SPECIAL:
Cheese enchilada
Jumbo Beef Taco
Mexican Rice
Fried Beans with Cheese
"IT WAS A small moral victory in offering that plan," she said.
Corn Chips Choice of Dip Coffee
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