Daily News | Penn State board committee approves first phase of planned $700 million renovation for Beaver Stadium
A committee of the Pennsylvania State University board of trustees approved the first phase of a planned four-year, $700 million renovation to its iconic 63-year old football stadium.
Over the next four years, the entire west side of the stadium would be renovated and there would be restroom upgrades, additional seating options and more concessions throughout the stadium. Also planned are larger concourses and infrastructure and safety improvements.The full board of trustees will vote on the first phase of the project Friday. It may bode well that the board’s finance, business and capital planning committee gave the project unanimous approval Thursday.
University officials said they expect to come back to the board for funding approval of the full project within the next year.that the university would renovate Beaver Stadium as opposed to building a new facility because it is a “far more economical option.”With a capacity of 106,572 people, Beaver Stadium, at the corner of Porter Road and Park Avenue in State College, is among the largest-capacity college football stadiums in the country.
The university expects to raise at least $200 million through a fundraising campaign. The school also could get donations for naming rights to field level seats, concourses and entrances, Kraft said.The university expects to have design plans within the next 12 months, he said. Among objectives will be to improve the circulation of people through the stadium and relieve congestion.
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