Berkeley’s Grand Project Seems Similar to UCLA’s
From the San Francisco Chronicle: UC Berkeley’s plan to sell special football seats to pay off nearly half a billion dollars in stadium debt has long inspired skepticism, as if Cal were setting up a lemonade stand to finance a home mortgage. True, each of those chairs at the newly renovated Memorial Stadium costs $40,000 to $250,000 and is yours for 40 or 50 years. But even Cal officials, who had said they would sell all 2,902 pricey seats by this month, grew skeptical of their own claims last fall. The latest figures show sales have stagnated at 1,857 seats. Declined,…