Can USF afford the Bulls’ $340 million on-campus football stadium?
What will USF Bulls gain from an on-campus football stadium?
So they want to spend $340 million for a 35K seat stadium?
What will USF Bulls gain from an on-campus football stadium?
When University of South Florida officials presented an initial budget for a $340 million on-campus football stadium last month, chief financial officer Richard J. Sobieray stood behind the figures being used to justify one of the biggest decisions in school history.
As the full board prepares for Tuesday’s vote on whether to authorize $200 million in debt for the Bulls’ proposed 35,000-seat facility, the Tampa Bay Times shared the financial projections with three academics who study stadium economics. Their reactions ranged from cautious optimism to downright disbelief.
So they want to spend $340 million for a 35K seat stadium?