Concerning LC: The college has launched a capital campaign with the goal of raising $50 million. In that $50 million there is money earmarked for completion of the stadium. However, it is money that must be raised and not a gift from the LBC. At its annual meeting in November, the LBC voted to allow LC to make direct appeals to the churches of the LBC specifically for $12 million which is part of the $50 million total. The $12 million is designated for renovation and repair of campus housing/infrastructure.
To recap in an effort to make more clear: $38 million of the $50 million, which must be raised, is for various campus projects which will include new housing, renovation of the basketball facility, completion of the stadium, etc... $12 million of the $50 million is specifically for repair/remodeling of campus housing. Per a vote at the LBC annual meeting, LC is allowed to make direct appeals to the churches of the LBC in an effort to raise the $12 million.
I hope this helps, but if it is still about as clear as mud, I do understand. : )