ASU announces $29 million athletic project backed by private booster foundation | Arkansas Blog

Monday, November 20, 2017

ASU announces $29 million athletic project backed by private booster foundation

Posted By on Mon, Nov 20, 2017 at 4:04 PM

click to enlarge dpgw_dvqaex6ik.jpg

The Arkansas State University Board of Trustees today approved a ground lease with the Red Wolves Foundation which will take the responsibility for building $29 million worth of improvements to the football stadium.

The Foundation will raise private money (some of it in the form of contributions for premium seating at football games) to pay for the project. The school hasn't yet released the details of borrowing, if any, by the private foundation to do the work, annual debt service costs and revenue expectations from premium seating.

A news release said the foundation will build a 66,533-square-foot "athletics operations facility" and premium seating and other improvements in the north end end zone of the stadium.

ASU President Charles Welch touted the work as benefitting more than football, but also addressing Title IX issues on equity for women's sports. A spokesman explained later that the work wasn't solely for football but training, rehab and weight-room facilities will be used by multiple sports and coaches in women's sports will get improved offices.

ASU competes at the top level in college athletics. Its most recent NCAA report showed $43 million in annual spending on athletics. It draws $5 million from student fees, $8 million from direct institutional support and another almost $15 million in "other" revenue (about $4 million from campus funds and $11 million from the Foundation),

Tags: , , ,


Comments (14)

Showing 1-14 of 14

Add a comment

Subscribe to this thread:
Showing 1-14 of 14

Add a comment

More by Max Brantley

Readers also liked…


  • Arkansas vs Ole Miss at War Memorial stadium in Little Rock, Saturday, Oct. 13, 2018. After leading for much of the game, Arkansas lost 37-33 when Ole Miss scored the game winning Touchdown with less that 2 minutes left. 
  • Margaret Clark Adventure Park
    New sculptures, preschoolers play area dedicated in Riverfront Park in Little Rock.

Most Recent Comments


© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation