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Financing Plan Still Needed for Facility

Posted on November 7, 2011December 27, 2011 by David Shama

Smith suggested the possibility of a financial package that will both renovate the arena and build a new practice facility. How to finance it? Smith’s ideas include perhaps a combination of large gifts from donors and use of basketball game day parking revenues that are now retained by the University and not the athletic department.

The Gophers coach knows winning will help make the facility a reality. He acknowledged a Big Ten championship would make a difference, but the Gophers are coming off a 17-14 season. It was the first time in 18 years of coaching that a Smith team didn’t play in a post-season tournament.

Two of Smith’s first three teams made the NCAA tournament, with the other participating in the NIT. He wants to compete for championships and had hoped his program would be further along after four years. But he’s upbeat about the coming season that starts with a regular season game against Bucknell on Friday night after the Gophers conclude their exhibition schedule versus Augustana at home tonight.

This is also a newsworthy week for recruiting since college basketball teams can sign prep players to national letters of intent starting on Wednesday and continue through November 16. “We’ll sign two, maybe three (players),” Smith said. “We’re excited about the guys. …”

Coaches can’t talk about specific recruits now but it’s known the Gophers have a commitment from Rice Lake, Wisconsin shooting guard Wally Ellenson. Another player who might end up being a Gopher is Charles Buggs, a power forward from Hargrave Military Academy in Virginia.

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