|(above) The Mascot Debacle's official cost was $100,000 ... the long-term costs are unknown|
The April 5th meeting of the Faculty Senate Minutes contained an interesting nugget when University of Denver Kevin Carroll, Vice Chancellor of Marketing & Communications, presented an update on the Mascot Development Project.
Carroll admitted under questioning that DU would spend $100,000 on proposed mascot. He added that the money would be paid back to the university through "royalty payments."
Now that the project has been mothballed, the "royalty payments" won't be happening.
DU has flushed $100,000 down the drain; money that could of been used for scholarships, faculty pay raises or lowering tuition increase.
Six months later, one wonders if the actual cost of the "Mascot Debacle" won't be far greater. How much damage to alumni donations, lost ticket sales and of course the damaging publicity to the university in local, state and national media?