Lexus Gets Dallas Arena's Platinum Level Name Raiders Move Into New Training Facility DraftKings Inks Deals With Cowboys, Chiefs, Pats University Plans Threaten Downtown Cincy Project Iowa State Completes South End Zone Renovations Florida Close On O'Connell Center Financing Facility Notes Notre Dame Stadium Adding Three Video Boards Alameda, Raiders Officials A No-Show At Presser Fifth Third Arena Remodel Plans Approved
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).