From the agenda of today's Board of Trustees meeting, $60 million in funding was proposed for "athletic stadia and related projects." By the looks of Benedict's tweet, it looks like the upgrades have been approved and Storrs will be getting new athletic facilities. The documents do not state where or for what, but we have confirmed that the $60 million is approved for new soccer, baseball, and softball stadiums.
Back in March, the Board approved exploratory funds to begin soliciting designs for new soccer, baseball, and softball facilities. The cost of the project was estimated to be $46 million. From the Request for Proposal, construction was set to begin in the spring of 2018, which is also when the bonds funding the project will be issued. The school will repay the bonds through a combination of private donations and ticket revenue.
The 'very good news' means moving forward with breaking ground for new soccer, baseball, and softball stadiums and perhaps that we may be seeing designs soon. Additional funding was approved for a new student recreation center and infrastructure, which will ultimately be repaid by student fees.
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