Part Three: A transcript from an interview with the Star Tribune's Dennis Brackin and Lou Nanne, chairman of the University of Minnesota's $190 million athletics fundraising campaign:
Q: $190 million is ambitious. Is it realistic?
A: Oh yes, are you kidding me? Of course. I mean $190 million, what did they do in the academic, raise $1.2 billion? These schools are raising billions. Northwestern raised $200 million [for athletics], why can't we raise $190? There you go with that small thinking again. This is what's happened. This is exactly what's happened.
Q: No because I've always been shocked being here that the University hasn't raised the kind of money it needs. That surprises me, in this market.
A: It surprises me, too. Especially when we sit here with a very successful, philanthropic populous with many major Fortune 500 companies, this should not happen. This should not happen.
Q: Shouldn't have fallen this far behind?
A: No, should not happen. I sit across here looking out my window and say, 'Are you kidding me?' Please. I go to that little town in Ann Arbor and I see everything they got and I say, 'What the hell is going on here?'
Q: Or West Lafayette, or Iowa City or Champagne, Illinois.
A: You know what happened, I personally think and I think it's a big benefit to have professional sport teams here because it helps you in recruiting, if I'm an athlete I want to come watch these things,. But I think that the focus got away from the university when those pro sport teams came here. I think the focus came away and we never got it turned back to us. Now it's time to turn it back. The university is not going anywhere. Other teams can always threaten to leave, we're not going anywhere. We aren't going anywhere.