May 30, 2017 - 12:28 pm
Updated May 30, 2017 - 5:24 pm
UNLV is giving new athletic director Desiree Reed-Francois a fresh start, with the university and Thomas & Mack Center/Sam Boyd Stadium contributing about $3.7 million to nearly eliminate the athletic department deficit.
Gerry Bomotti, university senior vice president of finance and business, said the extra funds will bring the deficit to less than $500,000.
“We hope it will be well below that, but at least we can verify we will meet the or exceed the $500k level,” Bomotti said in an email.
“We traditionally have used revenues from the Thomas & Mack Center and other facilities to help balance Athletics’ annual budget and continue to evaluate strategies that will help stabilize the department’s long-term finances in the ever competitive landscape of college athletics,” UNLV president Len Jessup said in a statement.
“I really need to evaluate and understand revenues and expenses and dig down deep on that,” she said.
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