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Following an investigation by WYDaily into the funding of a $27 million renovation at Zable Stadium, the College of William and Mary has announced it will no longer use student fees in its funding for the renovation.
According to a public statement originally issued by the college, the renovation was funded entirely by private donations, but documents reviewed by WYDaily showed student funding was used to finance some of the renovation.
The college’s President Taylor Reveley released the following statement to students Friday afternoon:
“Zable Stadium has undergone a major renovation, one long overdue for a facility built in 1935. The costs of the project are to be wholly paid by gifts from generous donors. To date, more than $24.4 million in gifts for the project have been received.
These donations have covered nearly 90% of the cost with the remainder temporarily financed through bonds. Fundraising to cover the remaining cost of the renovation continues and will succeed. Student fees are sometimes used for debt service on campus facilities, including non-academic buildings, but this will not be the case for Zable Stadium.
For the fall semester, each student was charged an $18 fee for the renovation. This fee has been eliminated going forward, and all students will receive an $18 credit to their account for the spring semester.”