Maybe, and this is a big maybe, Pollard shouldn't have saddled ISU with massive development costs for his little boondoggle at the same time NIL became a thing.
And I think their AD already gets money from the general fund to operate stuff like C. Y. Stephens, which if memory serves has eight figures of deferred maintenance costs pending.
They might be painting themselves into a corner with a notoriously cheap fanbase looking at less disposable income from tariffs, a state legislature that is hostile to increased educational spending and scrambling to plug holes from their own boondoggle, and a university administration which is probably hostile to subsidizing athletics.
One also observes that Wendy Wintersteen will retire in January. Curious timing.