I'm kind of replying to a bunch of folks here with this, so bear with me.
Beaver Stadium renovations are low-hanging fruit. Any of us on this message board could become PSU's AD for $300K a year (saving the Dept. a cool mil), and fund $700 mil in renovations with the increased TV money alone ($200 mil of which is for needed upkeep, not renovations.). That's a piece of cake and Kraft is making it look like it's some major accomplishment (as he should since he needs to justify that salary - and any bonuses). But if you're buying that line of garbage then you're not using that $19 TI on your desk. And all we'll get for that is two years of construction headaches and new west stands. 75% of the stadium stays essentially the same.
The better way... if we assume that the TV money is going to continue increasing-- and there's absolutely no reason not to - is then issuing 30-year bonds at the current rates PSU is getting in the market easily justifies $1.5 Billion for a completely new build. Again, any of us could do that math tomorrow for a measly $300K salary. It ain't even close to managing a Sheetz in complexity. And it could be built right across Park Ave. on land that wouldn't disrupt football in the least. And best of all, each of us would be smart enough to give the design contract to Crawford Architects and Bohlin Cywinski Jackson as the architects rather than the nut-jobs at Populous who I guarantee you will find plenty of ways to screw this reno up.
The Beav is neither architecturally interesting nor historic. Putting lipstick on a pig is not the way to go, especially with the incoming TV revenue. And that's a small issue with Kraft -- the money is now there. You're getting paid $1+ mil a year to do things - not sit on your butt and explain how we can only do this and not that. Especially when the $19 TI shows it can be done. Show the math, do some fundraising (supposedly your good at that), and get stuff happening. Now. Not a year from now. Now.
Look, in the old days when we paid an AD $350K and there were only 11 Ass't AD's and the Dept budget was tens and twenties of millions less than now, they could plead poverty and we would sit on metal benches and pee in troughs, or sit on wood benches in a gym with no airflow and 8 urinals for 6,000 people, and like it. And not give them a hard time as they did their best while we waited patiently. Those days are gone. The Dept. budget is well over $100 mil. The AD gets $1mil+. He's got 30+ Ass't AD's. The head foosball coach gets $7mil+, has an untold number of houses, and access to a helicopter and jet. And now the foosball players are making bank as well. They're all well-paid professionals and we should expect and demand they live up to their hype and pay. I don't want to wait, and I don't want to be told I can't sit in a decent stadium with decent facilities and decent food options because they can't do their dang jobs. And not demanding it allows them to just coast through and laugh while they live fat off our money.
So yeah, again, if Kraft got canned tomorrow, I'd be fine.