Pitt needs a stadium. Have they ever considered building a 50-60k seat stadium on/near their campus? I know it might cost half a billion now, but in the long run, it could pay off.
If I were an AD of a D1 football program, I wouldn't spend a dime on a stadium unless I had to. It's an anchor around VT's neck and our expansion didn't cost that much. A half billion $ would take eons to recover considering that most programs lose money now.