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FAU finds possible source of up-front cash for $62 million football stadium

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FAU finds possible source of up-front cash for $62 million football stadium

Here an article from Kimberly Miller on the Stadium Funding.

A football stadium for Florida Atlantic University is one step closer to kick off under a development proposal with the Boca Raton firm Crocker Partners.

The plan, which will be discussed Wednesday by FAU trustees, begins with the construction of a $69 million, 1,226-bed residence hall that is part of the school's "Innovation Village."

The village includes a proposal for a long-sought 30,000-seat football stadium as well as retail space that so far FAU has been unable to finance.


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Re: FAU finds possible source of up-front cash for $62 million football stadium

"As we are presenting information to banks, we are going to need hard evidence of community support," said FAU's Vice President for Finance Ken Jessell at the time. "I'm speaking from the heart: We need the corporate and business support, the support of alumni, of students, faculty, staff; we are going to need the support of this community. If we don't get that, then this will not happen."

With the funding plan for the stadium still in its very early stages, the promised fall 2010 opening date isn't likely.


It sounds to me as 2010 isn't going to happen and we still have some big issues to be finalized for this to happen at all.

One step forward, two steps back. :P

GO OWLS!
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