Iowa athletics’ expenses soar with capital projects

Iowa's debt service costs grow by $19 million in two-year period

IOWA CITY — The University of Iowa’s athletics department has a 2012 fiscal-year snapshot that shows it bleeding red ink, but that’s hardly the case in real-time finances, Iowa Athletics Director Gary Barta said Thursday. The department’s 2012 expenses totaled nearly $104.66 million, $6.755 million more than it received in revenue, according to the school’s annual [...]

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