According to a recent article in the Daily Toreador, Texas Tech and its alumni association could lose as much as $1.2 million from leasing Raider Park.  That’s a parking garage on the Marsha Sharp Freeway.

In an interview on Lubbock’s First News on KFYO, Bill Dean, the executive VP of the alumni association, was asked if still believes the investment is a sound one.

“We feel that it’s a little bit early to say this is a failure,” Dean said.

“Now, you look at the results in the first two years, and you would say it’s not been successful.  I certainly acknowledge that.  Nobody’s denying that.  It’s a development.  Sometimes  developments take longer than just a couple of years to come to fruition.”

Dean says he’s hopeful that the deficit will turn around in the next four years.