I don't know what our debt limit is. However, while we had already secured funding for the campus facility improvements, T-Joe and Scott stated that Cajun Field renovations were imminent. They were reviewing plans and costs and were talking about getting approvals in one swipe instead of segmenting it. Then, with state budget cuts, all conversation ceased. At that time, we were barely creeping with RCAF. So, they apparently required no proof of its potential. They also didn't have confirmation of Hud's tremendous abilities, the largest increase in Cajun Field attendance, or record breaking bowl appearances due strictly to UL fan interest (at this embryonic stage of our reawakening). I feel very confident that nothing, from a financial perspective, is any worse for UL, than was the case back then. The state budget cuts to institutions of higher education operating costs are what I believe put T-Joe in a "political" situation... not an incapability of funding of Cajun Field renovations.
Further, we've passed a student facility fee that had not existed, and had no guarantee of existing, when UL bonded the campus improvements. That has to have raised our debt ceiling. Also, federal money was made available due to energy efficiency measures employed by these projects. Plus, additions made are expected to bring in more students. They are regarded as investments, not simply campus maintenance projects.
I firmly believe that if T-Joe wanted Cajun Field renovations to be funded, he can get it done.