Matt Baker

Like if Kansas opens

I don't remember the details, but a lot of these have restaurants and shops.

So the restaurants and shops are there, and the economy goes downhill, and suddenly that place has happened.

Okay, that was bad at Kansas, right?

That's not a good thing.

That's most of the risk.

There's other stuff too, but that's a lot of it.

So financially, it's low risk.

The question is, what's the upside here?

So Iowa State was a good example.

Their estimate was this would make $184 million over 30 years.

So we're talking $6 million a year.

That's a notable amount of money.

It's not nothing, but it's not life-changing either, right?

It's not like, oh, my goodness, Iowa State's making this money.

suddenly they have Michigan's athletic budget.

No, it's definitely not that.

So the devil's going to be always in the details.

It's a way for Iowa State and Kansas and some of those programs to close the gap, even if it's not going to eliminate it.

And then there's the other part we have to look at, too, is this isn't just an athletic facility or an athletic endeavor because it's a college part of the college sports experience, too.