What will $700 million buy? Penn State football’s Beaver Stadium to be renovated by 2027

Penn State football will be getting all of its $700 million home renovation over the next three years.

The university’s board of trustees, as expected, voted overwhelmingly Tuesday to approve the bulk of a Beaver Stadium facelift − a massive expenditure that will re-make the West side of the 64-year-old building. The vote passed by a 26-2 margin with three abstaining, including former Penn State assistant coach Jay Paterno.

Work to add amenities such as premium seating and suites, new elevators restrooms and concessions, is scheduled to begin upon completion of the 2024 football season and should conclude by the summer of 2027.

Penn State officials announced in February of 2023 their intentions for a large-scale renovation to the nation’s second-largest stadium. Penn State President Neeli Bendapudi and athletic director Pat Kraft have reiterated over the past year that renovating would be significantly more economical than a potential $2 billion re-build.

A rendering of what a renovated Beaver Stadium may look like in 2027, provided by Penn State officials. The bulk of the university-approved $700 renovation project will begin upon completion of the 2024 football season.

Penn State’s BOT already approved the first $70 million for the project last May. That included design and consulting work, backlogged maintenance and ongoing winterization of Beaver Stadium in order to host a potential December College Football Playoff game.

Penn State officials emphasized on Tuesday that not only will the project create new revenue streams but it will turn Beaver Stadium into a year-round entertainment destination − building upon the success of April’s Luke Combs concert that drew 80,000 fans.

The renovations will be funded through loans, fundraising, sponsorships and new premium seating options − not with tuition dollars, student…

Source link : https://sports.yahoo.com/official-beaver-stadium-penn-state-171846781.html

Author : York Daily Record

Publish date : 2024-05-21 17:18:46

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