Mike Madriaga 12:40 p.m., May 25
Spanos Slow to Make Good on $10 Million Sac State Stadium Pledge
Is Alex Spanos and his family running short on cash? Most likely not, but Sacramento-based Capitol Weekly, which bills itself as "the newspaper of California government and politics," is reporting that the Chargers owner hasn't paid up on the bulk of a $10 million pledge made in 2004 to build the Alex G. Spanos sports complex at Sacramento State.
According to CW’s account, “seven years later, only a fraction of the pledged money ever arrived, Capitol Weekly has learned, leaving the school in the position of completing the project with the Spanos funding apparently still uncertain.
“The school launched the project even though the Spanos funding had not been received.”
The paper quotes Kevin Wehr, identified as an assistant professor of sociology at the school and union representative of the California Faculty Association as saying, “I have been told, by people who are in a position to know, that only a fraction of the contribution was actually made.”
Confirming that the Spanos pledge has yet to be entirely made good on, Carole Hayashino, vice president for university advancement, said she could provide no further details.
“We cannot discuss donor agreements. We respect the privacy of our donors and want to encourage future donors to support our campus and students.
“We fully expect to receive the funds pledged to the university by the Spanos family.”
Spanos PR rep Natalia Orfanos, told the paper that the pledge was “a donation, not a debt.”
“It’s confidential between us and the university,” she said. “There’s nothing nefarious. I am a graduate of that school and I loved it.”
More like this:
- Sac State Still Trying to Collect $9 Million from Alex Spanos — Oct. 13, 2011
- A.G. Spanos Co. Seeks 23-year Tax Break from Albany, New York — June 30, 2011
- It's all about the money — Feb. 17, 2010
- Do as He Says — May 11, 2000
- Alex's Interlocutor — April 13, 2000