With a key vote scheduled for Friday, the University of Missouri appears to be closer to moving forward on a proposed Memorial Stadium renovation.
Should the $98 million project go through, the south end of Memorial Stadium will be overhauled to include a new football facility that offers training space, locker rooms, and more amenities for the program. The fan experience would also be addressed in the process, as Mizzou plans to install new suites, premium seating, and general admission seating in the area. Those options would take the place of the existing general admission seating.
The $98 million project is slated to be discussed by The University of Missouri System Board of Curators on Friday, and could receive approval. More from The Kansas City Star:
The $98 million Memorial Stadium South Expansion project is expected to be approved during the call, which is scheduled to begin at 10:30 a.m. The Board previously signed off on hiring Kansas City-based Populous as the architect for the 141,000-square foot, three-story structure in February.
After the project is completed — MU anticipates breaking ground after the 2017 season and opening the facility in time for 2019 — Memorial Stadium’s capacity will be reduced by nearly 6,000 to roughly 65,000, a team spokesman told The Star.
Mizzou Athletics projects $40 million in private financing for the project along with $800,000 from the Campus Infrastructure Fund and no more than $57.2 million in debt financing, likely in the form of bonds on future revenue generated by new premium seating options.
If this plan comes to fruition, it would mark the first major renovation to Memorial Stadium’s south end since 1977.
Rendering courtesy Mizzou Tigers.