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David Booth’s $300 Million Gift to Kansas: How It Will Transform the Stadium and Gateway District
David Booth's $300 million donation will fund the second phase of stadium and Gateway District upgrades, creating new revenue streams and enhancing Kansas athletics' national competitiveness.
- On Wednesday, the University of Kansas announced a $300 million gift from donor David Booth, the largest in school and department history.
- Amid planning efforts, KU leaders and city officials approved around $94 million in incentives Tuesday, supporting the Gateway District plans unveiled in 2022 by Travis Goff and Douglas Girod.
- Kansas plans to allocate $75 million of Booth's gift to Phase 2 of the Gateway District, a $360 million project including a hotel, plaza, housing, retail, and parking, Travis Goff said.
- With the gift remainder, Kansas athletics gains an annual revenue stream, which Travis Goff described as `transformative and a game changer`.
- Against a backdrop of program momentum, Kansas's $300 million donation is expected to accelerate facility upgrades, enhance athlete support, and bolster national competitiveness, according to Travis Goff.
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Kansas Donation Leaves $225M Unaccounted For
The University of Kansas received one of the largest donations in college sports history earlier this week. David Booth presented the Jayhawks with a gift of $300 million to do whatever they so choose. Only 25% of the endowment will be spent on facility upgrades. Everything else is fair game. Kansas can spend $225 million on college football and college basketball, which creates a major advantage in recruiting similar to what is going on at Texa…
Coverage Details
Total News Sources25
Leaning Left7Leaning Right2Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 39%
C 50%
11%
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