Actually, if I may, I don't think the capital improvements have been bad in themselves, we just couldn't afford them. For some reason, and to my knowledge in my lifetime, it appears that the GTAA has not budgeted sufficiently to cover maintenance costs of its many aging facilities. With a stadium that was established over 100 years ago and a basketball arena that is now over 65 years old, these costs are necessarily high.
Untended maintenance falls into the category of deferred maintenance. For the most part, though, maintenance is never cheaper to do than it is today. So, these are bad decisions just on face value. Much of the deferred maintenance has been addressed under the capital improvements we have made, but that's often an even more expensive option. Not only are we improving said facility, but now we have to address code or other deferred maintenance issues making expensive improvements even more expensive.
IMPO, the solution lies in proper budgeting and fund management. The GTAA first needs to budget sufficiently for annual maintenance of its facilities. It's about $175M worth of facilities, so that won't be cheap, but as the loans are amortized, a portion of the amount currently slotted for debt service would progressively establish a very nice budget item for maintenance that could be built. The next action (likely simultaneous) would be to create funds for capital improvement (like part of the AI2020 fund is earmarked), and deferred maintenance. I would let the AI2020 fund handle needed capital improvements, and I might red-light the "new Edge" for now.
When I hear that the Foundation is going to step up, I think the biggest step they could take may be to establish a significant fund for deferred maintenance that goes hand-in-hand with establishing - over time - that budgeted item sufficient for maintenance. If the GTAA and Foundation could get this straightened out it may make life much cheaper going forward in the areas of maintenance and capital improvements, and it may help provide a hedge against things spinning out of control. Ultimately this may allow more resources to be applied toward the exploding cost of coaches' salaries without breaking the bank. It could create a roadmap toward a successful and solvent future.