ASU plans a football stadium expansion | Arkansas Blog

Thursday, June 22, 2017

ASU plans a football stadium expansion

Posted By on Thu, Jun 22, 2017 at 10:52 AM


Arkansas State University today announced details of a north end zone expansion in its football stadium in Jonesboro.

From the website, it will include:
 a new weight room and training/rehabilitation area, new team locker room, position meeting rooms, players’ lounge, academic rooms and team-theater meeting area. The Red Wolves Den, our new outdoor premium seating options, will create a unique experience for our fans; comprised of loge boxes and terrace seating with premium food and access to two cash bars
I've asked for details on the cost of the project and what revenue is expected from premium seat sales and other sources. It is hoped to be ready for the 2018 football season.

UPDATE: From Jerry Scott on my questions:
What's this project to cost? The cost is TBD. The construction documents have just been completed, and the Red Wolves Foundation is currently advertising for construction managers to provide a bid on the project.

What is the budget on revenue sources? I’m not sure I understand your question, but I think you’re asking how the project will be funded. If so, it will be funded by private sources through premium seating and naming opportunities.

In regards to the cost, that will also determine the timeline. We are getting pricing now and completion will all depend on financial structuring and Board of Trustees approval.

ASU is striving to attain viability at the top level of NCAA athletics, but it is paying a price.  According to an annual statistical compilation by USA Today, ASU spent $29.2 million on athletics and ran deeply in the red in 2015. It required $14 million in student fees and university support to balance that budget.

The University of Arkansas, by comparison, spends more than $100 million a year on sports and, so far, has not had to use university money or student fees to do it. But it also enjoys an enormous TV contract through the SEC.

ASU also has a private fund-raising arm, the Red Wolves Foundation, but it pales in comparison to the Razorback Foundation in raising money for premium seats and through direct contributions. In the most recently available tax return on Guidestar, the Razorback Foundation reported $40 million in revenue for 2014 and net assets of $52 million. The Red Wolves' report for 2015 showed $7.5 million in annual revenue and $4.9 million in net assets.

UA is in the midst of a $160 million upgrade (more than $220 million cost counting interest payments) to its north end zone, supported by a bond issue and sale of new luxury suites.

Tags: , , , , ,

From the ArkTimes store


Comments (12)

Showing 1-12 of 12

Add a comment

Subscribe to this thread:
Showing 1-12 of 12

Add a comment

More by Max Brantley

  • North Little Rock mayor shows downtown plaza plan

    North Little Rock Mayor Joe Smith is presenting a plan to the City Council tonight for a downtown plaza meant to augment planned private developments and further enhanced downtown as a destination.
    • Sep 25, 2017
  • Attorney general asks for continued secrecy on execution drugs

    As expected, Attorney General Leslie Rutledge has asked the Arknasas Supreme Court for an "emergency stay" of a lower court ruling that the Correction Department must produce labels from one of the drugs used in executions.
    • Sep 25, 2017
  • Groups seek end to commercial collection of wild turtles

    Several environmental organizations to end commercial turtle collection in Arkansas.The harvests (more than 126,000 turtles from 2014 to 2016) are not sustainable and that, in turn, is damaging to ecosystems, the groups said.
    • Sep 25, 2017
  • More »

Readers also liked…

  • In Little Rock, Marco Rubio sells American exceptionalism

    This is Rubio's axiomatic answer to Donald Trump's insistence that he and he alone will Make America Great Again: America is the greatest, always has been.
    • Feb 22, 2016
  • Free Zinn book for Arkansas teachers

    Arkansas teachers! Get your free Howard Zinn book here! Whether Kim Hendren likes it or not.
    • Mar 3, 2017
  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016

Most Shared

  • Bad health care bill, again

    Wait! Postpone tax reform and everything else for a while longer because the Senate is going to try to repeal and replace the Affordable Care Act one more time before September ends and while it can do it with the votes of only 50 senators.
  • Sex on campus

    Look, the Great Campus Rape Crisis was mainly hype all along. What Vice President Joe Biden described as an epidemic of sexual violence sweeping American college campuses in 2011 was vastly overstated.
  • The inadequate legacy of Brown

    LRSD continues to abdicate its responsibility to educate poor black students.

Most Viewed

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation