NASCAR HOF Sponsors Revenue Plummets Glendale On Pace To Lose $8.8M On Arena Deal OU Prez Says Stadium Upgrades Not Delayed Indy Eleven Unveil Stadium Renderings Wisconsin Gov. Proposes Bucks Arena Funding Inglewood Likely To Vote On Proposed NFL Stadium Hillsborough County Hires Firm With MLB Ties NHL Jets' Downtown Development On Hold? Rams Convert To Annual Tenant At Jones Dome Packers Buy More Land For Development
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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).