UA Board Of Trustees Approves Feasibility Study For Razorback Stadium Expansion, Bonds For New Projects
by Chris Bahn
Posted 2/1/2013 12:05 pm
Updated 2 years ago
The University of Arkansas athletic department has received Board of Trustees approval to conduct analysis on the cost of a potential north end zone expansion at Razorback Stadium.
Populous (Kansas City, Mo.) and Polk Stanley Wilcox (Little Rock and Fayetteville) were approved as the architect/engineer design team for the project and Flintco, LLC (Springdale and Tulsa, Okla.) will serve as the construction manager/general contractor for the study. Initial estimates have put the projectcost in the neighborhood of $78-95 million.
“The market and cost analysis will provide us specific details and estimates that will enable us to make a fully informed decision on a potential expansion of the north end zone,” Athletic Director Jeff Long said. “It is imperative that we consider the many variables involved in the project, including the potential cost of an expansion and what type of additional seating would best accommodate the current and future demand of our fans. We appreciate the continued support of our Board of Trustees as we continue the implementation of our strategic approach to facility planning.”
Further approval will be needed from the board to begin construction once the analysis is completed. Funding could come from a mix of athletic department revenue, gifts and bond proceeds from a future bond issue.
UA athletics also received authorization for $36.5 in bonds to be issued for three projects. Funds would help cover the cost of a indoor baseball practice/indoor track facility, a basketball practice facility and academic center/dining hall for athletics. Total cost on those projects is estimated between $45-57.6 million.
Basketball is projected to cost $20-25 million, track/baseball is estimated at $7.75-9.6 million and dining/academic facility is valued between $18-23 million. [Arkansas Business has more on those projects in this Dec. 17, 2012 story.]