Ole Miss Looking for Financial Help

By: Associated Press
By: Associated Press

The University of Mississippi has asked the city of Oxford to borrow $3 million to help with renovations at the Rebels' baseball stadium or continue providing $200,000 a year from local tourism funds.

The city of Oxford this year is making the final payment on a 1988 bond issue that financed work at Oxford-University Stadium. That money came from a 2 percent food and beverage tax approved by the Legislature.

Ole Miss Athletics Director Pete Boone has asked the city to continue the financial help through another bond issue or annual $200,000 payments from the tourism tax for the next 15 years.

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