Fences blocking the torn-up remains of three parking lots on the corner of Meridian Avenue and West Lake Street may represent the beginning of a new era for Colorado State University. The new $238.5 million on-campus stadium will join athletics, academics and alumni all under one roof.
With site preparation advancing, the final design of the stadium will continue to unfold as the fall semester nears. The stadium capacity is expected to hold 41,000 fans. On the visiting side of the stadium, the student section will wrap the lower sideline and a portion of the end zone.
“Students drive the atmosphere for everything during game day,” CSU Athletics Director Joe Parker said. “I think that will help us really achieve a strong competitive advantage as far as home field advantage. We imagine (the student section) will be a very loud, vocal supporter of our team, influencing and having an impact on the visiting team experience.” Read more here.
An $18.5 million project for an alumni and academic addition to the on-campus stadium was approved Friday by the Colorado State University System Board of Governors. Financing for this bond package is separate from the original $220 million for stadium construction.
The $18.5 million is included in the $180.4 million bond sale that that will be financing the new health center, new biology building, relocation of the Plant Environmental Research Center and additional parking spaces. The new PERC greenhouses will open summer 2015, and construction on the health center will begin fall 2015. Read more here.
Fences were raised and detours established as crews began working on site preparation and utility planning for the construction of the on-campus stadium at Colorado State University Tuesday.
A section of Meridian Avenue, between Pitkin Street and Lake Street, is now blocked off in order for crews to recycle concrete and asphalt from surface parking lots on the southwest area of campus. The recycled materials will be used for construction of a new 870-space parking lot, west of the Veterinary Teaching Hospital on Research Drive. Read more here.
In an email sent early Thursday morning, Tony Frank alerted campus officials of an opportunity for the University to save money in the long run by proposing an additional sale of $18 million in bonds to fund the completion of an academic portion to the new on-campus stadium.
“At this time, I am skeptical that we would actually proceed with the academic portion, but I think the option of discussing the opportunity is rational,” Frank wrote.
Later in the day Frank added the proposal as an amendment to the $164 million bond package that the Board of Governors was scheduled to approve. The Board approved the package and the amendment, boosting the possible total to $181.6 million, but Frank has yet to decide if he will move forward with it. Read more here.