Univ. Of Cincinnati Paying For $86M Nippert Stadium Upgrade With Seat Sales, Donations
An $86M expansion of Nippert Stadium is “essentially paid for" after the Univ. of Cincinnati "secured buyers for 18 private suites and hundreds of club seats," plus $10M in private donations, according to Cliff Peale of the CINCINNATI ENQUIRER. Those buyers will “provide enough money to pay off the bonds UC will issue to pay for construction.” The expansion effort will “start in December, immediately after the 2013 season ends, and will be done in time for the 2015 season.” UC is “talking to the Bengals about playing at Paul Brown Stadium for the 2014 season.” Tuition dollars “won’t be used for the project.” The new pavilion will include “the boxes and club seats, plus a skywalk into Tangeman University Center.” The project also includes “an expanded concourse, restrooms and concessions on the east side.” The club seats committed so far, "with access to an indoor club room," will bring in about $2.5M per year over the 20-year bond payoff, while the 18 suites will bring in nearly $2M a year. UC AD Whit Babcock said that the school “will sell naming rights to the new pavilion.” But he added the stadium "will always be Nippert Stadium" (CINCINNATI ENQUIRER, 6/26).