PSU’s Toftrees Contract Up 40% Over 2 Years
Two interesting facts have come out in the past week from the minutes of the most recent Board of Trustees meeting.
Penn State pays $170,000 a year to Toftrees Golf Resort and Conference Center to house the football team every night before a home game. Jan Murphy of the Patriot News did the numbers and found that averages to $21,250 per game– roughly the same cost as a year of tuition, room, and board for a Pennsylvania resident.
Veblen over at Left of Centre found that the contract between Penn State and Toftrees has actually increased 40% over the last two years and 27% over the last one year. In this economy, hotels are generally cutting prices as would be expected from our admittedly basic understanding of economics, yet Toftrees is raising them substantially.
All of this information was accessed on the Board of Trustee’s website.
We’ve contacted the Athletic Department– we’ll let you know what they say.