We'll see. It's not good, that's for sure.
One thing that is intriguing is that mention of ditching Edwards Stadium and building housing. He seems to write it off as being inconsequential even if they do that, but that's a fairly large parcel of land not getting much use on an increasingly crowded campus, and I'm pretty sure it's under control of the AD. To build housing there, it'd have to be transferred out of the AD, and I imagine that will involve a shift of a considerable amount of funds from the general campus to the AD. It's not like the AD would be building a dorm on its dime and then trying to recoup the cost on that. I think such a deal could make a significant impact on the outlook here. Then again, maybe not.
Whatever the case, it is and will continue to be ugly.