The subject of Cal's stadium renovations has been discussed here before, but there's a new article in today's Wall Street Journal.
Cal is taking on over 3 times the amount of debt that Michigan did, has achieved less than 10% of its fundraising goal, and is still operating an athletic department running in the red. There were changes necessary due to fault line/earthquake concerns, but Cal has turned this into an EXTREMELY unpopular project. What a mess.
Be thankful for what we have at Michigan!