University of Tennessee Athletic
Director John Currie presented a Neyland Stadium renovation plan to the
UT Trustee Athletics Committee on Thursday afternoon.
Currie said the project aims to give a grassroots fan experience in a
fiscally responsible manner while maintaining a seating capacity goal of
100,000.
The project will cost a total of $340 million overall, but will be split
into two phases. $180 million will be spent in the first phase, leaving
$160 million for the second phase.
Currie called the investment "reasonable" at the committee meeting. He
said the costs are "not out of line" compared to other college football
stadium renovations.
The athletic director detailed how he thinks the renovations will impact
Tennessee fans. With the proposed
plan, fans will have more space while cheering on the Vols. Currie said
the project will increase space per fan from .5 sq. ft. to 3 sq. ft.,
meaning a 500 percent increase in space for fans in the south side of
the stadium.
The project also aims to give the stadiums easier pathways, starting
with the entrance and exits and widening of concourses.
Currie expressed hopes for a new kitchen and commissary along with the
expansion of the Southeast Sky Garden, fan zone, and 15 new open-air
suites.
Additionally, Currie said the plans call for adding a club on the field
level. It would have enough room for 1,800 patrons, so fans with seats
elsewhere within the stadium will have a space to congregate at field
level. Currie said this space will give an additional stream of revenue,
because it can be rented out to academic and community groups as well.
The renovations are expected to be funded through the centennial
campaign, general revenue, earned operating revenue, partnerships, and
budgeted debt service. Currie expects the project budget to be approved
by Dec. 14.
If approved, phase one of the Neyland project will start in 2018 and is
estimated to be complete by the 2020 football season. |
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