University of Michigan President Mary Sue Coleman smiles during a press conference to announce a $200 million donation to the university for its business school and athletics programs Wednesday, Sept. 4, 2013 at the Stephen M. Ross School of Business in Ann Arbor, Mich. Stephen Ross, New York real estate magnate and Miami Dolphins owner, donated the money to his alma mater. (AP Photo/AnnArbor.com, Melanie Maxwell)
DETROIT (AP) — Miami Dolphins owner Stephen Ross is donating $200 million to the University of Michigan, his alma mater announced Wednesday, making it the biggest single gift in the school’s history but raising questions about Ross’ insistence on taxpayer funding to make improvements to his NFL team’s stadium.
Ross’ donation is among the largest ever given to a U.S. college or university. It will be split evenly between the Stephen M. Ross School of Business and the university’s athletics department, which will rename its campus the Stephen M. Ross Athletic Campus, the school said in a statement. It brings the total amount Ross has given the school to more than $313 million.
Although the donation is a huge boon to his alma mater, it will make it more difficult for Ross to seek taxpayer help for the $350 million improvements he wants to make to the Dolphins’ stadium, said Andrew Zimbalist, a sports economist at Smith College in Northampton, Login to read more