That's about 1/2 as much as anticipated. The have supposedly under 100 million covered in insurance.
The annual revenue is projected at 1.363 million.
To put things in perspective, ISU and IOWA budget decreases were proposed between 5 mil and 19 mil.
The entire state of Iowa budget shortfall is what about 100 million?
Michigan is looking at a 2 Billion shortfall as a state in 3 years without this.
None of this addresses the pension shortfall which will snowball if the stock market tanks.
The state of Michigan is screwed.
Illinois is screwed.
New Jersey is screwed.
Gonna be interesting.
The 500 mil doesn't cover ancillary costs.