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Oklahoma State athletic projects affected by donor losses, on hold

Updated: October 22, 2008, 9:03 PM ET
Associated Press

OKLAHOMA CITY -- Oklahoma State University officials cheered when oil tycoon T. Boone Pickens gave a record-setting gift of $165 million to his alma mater two years ago for athletic programs and then invested it in his BP Capital hedge fund so that it would grow even more.

But now the fund has dropped so low amid the national economic downturn that university officials won't say how much is left and the fancy athletic village it was supposed to pay for has been put on hold.

Pickens ...

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