2008.11.17
Contract between town and Tech still a work in progress
According to Virginia Tech Director of Athletics Jim Weaver, the contract between the school and the Town of Christiansburg pertaining to the town's new Aquatic Center is in the hands of both parties' attorneys.
To aid with the center's costs, the town will be receiving a substantial amount of help from outside sources, including a partnership with Virginia Tech to host tournaments.
In return, Tech will pay the town $250,000 a year -- or $5 million over the next 20 years.
Weaver said that the school's budget cuts imposed by Gov. Tim Kaine will have no effect on the deal, because the facility will be funded through the Athletic Department, which relies on outside sources as opposed to state money.
“The institution of Va. Tech will definitely live up to their end of the deal in this project,” Weaver said.
