OSU athletics: Pickens hedge funds hit with $1 billion loss
OSU athletics
OSU officials plan to continue with football stadium project

By Andrea Cohen Modified: September 25, 2008 at 7:11 am •  Published: September 25, 2008
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hletics' investment in BP Capital has experienced a tough third quarter. Even so, work on the West End Zone project continues without delay and remains on target for completion next summer. We continue to prepare the 80 acre site for the athletic village.”

Last month Holder said OSU would push back its target date to start building its new practice facility. When asked why, Holder responded: "Have you seen the price of oil?”

"Nothing has changed,” Holder said at the time. "It's always been in the hands of Boone. When he grows the fund to a level where we feel comfortable starting a new project, we'll start on the indoor practice facility.”

The state-of-the-art practice facility is the next project on the list, which includes new facilities for almost all of OSU's teams.

"Construction of the new $50 million Sherman Smith Indoor Athletic Center will begin when the economic climate improves,” Shutt said.




Boone Pickens
His hedge funds are down $1 billion.

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