AEG Seeks Extension On L.A. Stadium Project Patterson: Taxpayers Should Help With New UT Arena Stanford Teams With AT&T, Sporting Innovations Facility Notes Angels End Lease Talks With Anaheim Barclays Center Not Yet Fit For Islanders Games Red Wings Break Ground On Arena Project Colorado State Stadium Falling Short Ole Miss, Mississippi State Upgrading Facilities Facility Notes
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SBD/April 29, 2011/Facilities
Published April 29, 2011
NOT DROPPING A DIME: Univ. of Kentucky officials on Thursday said that new scoreboards and a sound system for Commonwealth Stadium “will be financed by private funds and will not use a low-interest loan from the university.” In Kentucky, Cheryl Truman notes the school “dropped a plan to give the UK Athletics Association a $3.1 million loan to help it install the $6.25 million project after intense criticism from UK faculty and staff members.” The project will “now be financed entirely by private funds, including a withdrawal of up to $4.6 million from an athletics department endowment fund.” The additional $1.65M “will come from Athletics Association funds raised from private donors” (LEXINGTON HERALD-LEADER, 4/29).
MOODY MOMENTUM: Southern Methodist Univ. officials on Thursday announced that the school “has secured another $10 million toward the planned Moody Coliseum expansion and renovations.” In Dallas, Kate Hairopoulos noted former SMU basketball player David Miller and his wife, Carolyn, “have committed the gift.” A “lead gift of $20 million toward the project from the Moody Foundation was announced last week.” SMU expects the “total project to cost $40 million” (DALLASNEWS.com, 4/28).