There have been like 15,000 posts across various threads about a new stadium, and I am still waiting to see one that mentions that bank or private financing would be a major component of how it's paid for, serviced by the additional revenue having our own stadium would generate ($10M+), as well as the massive influx of annual revenue from moving to the B1G or SEC.
Just to keep it simple and use retail and not commercial or asset-backed terms, a $500,000,000 loan at 4% @ 30 years would only require less than a $2.4M monthly loan payment, or about $29M a year. Which would only be a fraction of the additional revenue we would generate in the future by having our own stadium and being in a top 2 conference. The revenue we would get from moving to the B1G or SEC would generate an additional $50M-$60M annually ALONE!
Now consider that a significant part of the stadium costs would be covered by donations, naming rights for the stadium down to every urinal (I'm naming mine Renegade), you name it, and we would have major budget to work with.
It's not the financial impossibility people keep claiming it is. Penn State is about to spend $700M on stadium RENOVATIONS, fully funded by the AD. The challenge for UM, is of course, which has been discussed ad nauseam, finding a location. Stay focused on that.