Sep 11th, 2015

How Tulane Paid for a New Football Stadium

Tulane University in New Orleans is not a football powerhouse yet, but the college is betting big on the future of its Division 1 football team. After playing home games in the city's massive Super Dome for decades, the "Green Wave" got a new $70-million home on campus last year, courtesy of alumni donations and debt financing. But not all spending on athletic facilities proves to be a sound investment. Bloomberg's Willem Marx reports. (Source: Bloomberg)