Penn State approves $700 million stadium upgrade as school hopes to host future College Football Playoff games

Penn State’s Board of Trustees has approved a massive $700 million renovation of Beaver Stadium, the university announced Tuesday. The new upgrades will make the stadium a year-round venue and come right as the College Football Playoff moves toward on-campus sites for first-round games. 

The upgrades are a comprehensive rethinking of the stadium entering a new era in college athletics. They include widening concourses, new restrooms, improved concessions, revamped WiFi and improved premium seating. The approved plan will take place over the next three offseasons and is scheduled to be completed in 2027. Due to construction, capacity will be slightly reduced for the 2025 season. 

“I’m pleased that the renovation will benefit our student-athletes, elevate Beaver Stadium’s significance in driving local and state economies, and ensure Beaver Stadium remains a premier facility in all of college athletics,” board of trustees chair Matt Schuyler said in a university press release. 

Among the biggest undertakings will be a winterization effort, insulating pipes and other upgrades that will allow for stadium use in the dead of winter. Many of these renovations are expected to be completed before this year’s first round of College Football Playoff games on Dec. 20-21. 

According to the release, the Beaver Stadium project will be fully paid for through “fundraising, concessions, naming opportunities, sponsorship and ticket sales.” Additionally, the upgrades eliminate a $200 million backlog in previously scheduled maintenance costs. 

This is the first major renovation of Beaver Stadium since 2001. The venue was built in 1960. The build also includes a new welcome center that will be used year-round for university student recruitment. 

“Many…

Source link : https://www.cbssports.com/college-football/news/penn-state-approves-700-million-stadium-upgrade-as-school-hopes-to-host-future-college-football-playoff-games/

Author : Shehan Jeyarajah

Publish date : 2024-05-21 17:41:00

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