We finally have a price tag for the cost of launching Division I hockey at Minnesota State Moorhead. MSUM officials said Friday during a news conference the school needs $37 million to sastify its endowment model business plan. MSUM has already secured $15 million in soft commitments, MSUM President Edna Szymanski said.
We also learned that MSUM has put a self-imposed, three-month time frame of reaching that goal in hopes of starting a hockey program. The bottom line: The Dragons need to raise $22 million within the next three months to makes a serious bid at adding D-I hockey.
“I’m a pessimist in these things, but even at that, I give it a 50-50,” Szymanski said.
While its impressive that MSUM has been able to raise $15 million to this point, the additional funds in the short time frame is not going to be easy. Szymanski said the “shifting sands” of the college hockey conferences is what has re-energized MSUM’s efforts in exploring the addition of hockey.
“The time is now,” MSUM athletic director Doug Peters said. “College hockey is changing. There are opportunities for more growth.”