January 23, 2009
For Berkeley's Sports Endowment, a Goal of $1-Billion
Most athletics programs, if forced to raise $300-million to renovate a football stadium, would not set a wildly ambitious endowment goal at the same time. The University of California at Berkeley is trying to do both.
The university's California Memorial Stadium sits directly over an earthquake fault, and it needs a major seismic retrofit that will take three years to complete and will be one of the most expensive capital projects in the athletics program's history. But with dwindling
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