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SBJ/September 24-30, 2012/Facilities
Kansas State University
Published September 24, 2012, Page 20
| Work is starting on the west side of the
stadium, where new premium seating will
go in. At left are renderings of loge level
views of the club and the field. |
||
Kansas State
Bill Snyder Family Stadium
Built: 1968
Project cost: $75 million
Renovation designers: AECOM, Heery
Last major renovation: 1999
Where it stands: Steel will start going up in the next few weeks for the West Stadium Center, which will add 40 suites, 700 club seats and 36 loge boxes to the facility. “We are making great progress one year out,” said Laird Veatch, Kansas State’s senior associate athletic director of strategic initiatives. The new center will also feature a team store, new concessions and restrooms, a large outdoor party deck for high-end donors and an athletics dining hall.
Premium seat details: Suites (12 to 20 seats) $45,000 to $75,000 annually; sold out since January. Club seats $6,000 annually ($700 for tickets, food and parking; $5,300 for two annual gifts); about half sold. Loge seats $7,250 a seat annually, split among tickets, food and parking, and a $3,000 annual gift; 100 of 140 seats are sold. All premium seats sold as all-inclusive packages, alcohol not included. Club seat and loge box holders must give one-time construction gifts of $15,000 to $40,000.
Financing: $20 million in lead capital gifts paid over five years; $25 million in construction gifts paid over five years, tied to purchase of premium seating; debt service funded by annual gifts of $30 million tied to premium seating, budgeted at $3 million annually.




