Facilities upgrades are crucial to recruiting. I wouldn't think that arms race is coming to an end anytime soon.
It's not likely to happen in the near future, by any means - but I have long been of the opinion the 4 most viable Power-5 conferences should split off. They could bring along the better programs from the Big-12 - and shave off a few of the programs currently in the B1G, the ACC, the SEC and the Pac-12 that clearly wouldn't belong.
Four 16-team conferences - each split in to 2 divisions would make a lot of sense. Smaller - if the dollars aren't there. But that would split the current FBS in half.
Anyone who takes a serious look at the finances knows that paying the players wouldn't work in the present system. Assuming there would be enough money (which is quite the assumption) - would every athlete in every sport be paid exactly the same amount?. If not - who would decide who gets paid what? And then, Title 9 could always be a factor -