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Pickens Says Another OSU Gift Planned

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Oct 27, 2008 12:00 am US/Central

Pickens Says Another OSU Gift Planned

  Texas oil tycoon and Oklahoma State University alumnus T. Boone Pickens says he plans to announce another major financial gift to his alma mater.

Speaking to an ABC sideline reporter Saturday during OSU's football game against Texas in Austin, Pickens said he planned to announce details of the gift on Monday.

Pickens announced a record-setting gift of $165 million to OSU two years ago for athletic programs and then invested it in his BP Capital hedge fund.

But the fund 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.

"No way am I ever going to let OSU come out short," Pickens said in a separate interview Saturday with sideline reporter Robert Allen of the OSU Radio Network.

Pickens told ABC Saturday he's confident work on the OSU projects will continue.

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