University may tap reserves after rejecting $2 million gift
LARAMIE, Wyo. (AP) — The University of Wyoming might tap reserve funds after rejecting a $2 million pledge from a Casper businessman who was later convicted of sexual assault.
The Laramie Boomerang reported Thursday the university could take $1.2 million from a construction reserve count to offset the loss.
Tony Crecy had pledged the money toward the High Altitude Performance Center. After he was convicted in November, the trustees decided to return $800,000 he had already contributed and cancel the remaining pledge.
University spokesman Chad Baldwin says the school’s athletic department and the UW Foundation will begin fundraising to replace the $2 million gift.
Cercy was convicted of third-degree sexual assault. In an earlier trial, he was acquitted of first- and second-degree sexual assault, but jurors couldn’t reach a verdict on the third-degree charge.
Information from: Laramie Boomerang, http://www.laramieboomerang.com