It was my understanding that the Coleman renovation was pushed back indefinitely and potential plans would be revisited later this year or early 2022. That was before the virus wrecked their balance sheet. So unless donors stroke checks for a minimum of half the cost then a new arena isn't even going to be drawn up before 2023.
As always if you give them 100 million or so earmarked for a basketball arena they'll get the ball rolling today.
Everyone talks about the athletic dept rolling in cash but they carry a lot of debt service and bond obligations on all the BD expansions and renovations and various other facility upgrades and expansions (baseball, softball, swimming/diving etc). The current phase 1 renovations with BD and other facilities just added to that debt after the capital campaign didn't hit the numbers they had hoped to get. Then the attendance for football was crushed to 20% or less of BD capacity and a lot of donors held their money in lieu of not knowing what's coming.
Now, if this great run continues there's no reason they shouldn't make it clear to Oats that they appreciate what we're getting and will take care of the coaching salaries and the easier to manage benefits. I have a feeling Byrne is savvy enough to handle making sure Oats knows he'll be taken care of. But gigantic facility upgrades will take time and money.