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August 10, 2018 Comments Off on Good News for Longhorn Fans: $175M Approved for Stadium Upgrade Views: 3296 Austin, Texas News

Good News for Longhorn Fans: $175M Approved for Stadium Upgrade

The University of Texas System Board of Regents gave its approval to a $175 million revamp of the Darrell K Royal-Texas Memorial football stadium in Austin. The stadium upgrade is expected to begin in summer 2019, with completion planned by summer 2021.

The upgrade will include new suites, loge boxes, sponsor amenities, modified fan seating, and new coaches’ offices on the south end of the stadium. An expansion of the north end zone of the stadium was completed in 2008.

The project will be paid for by donations, rather than tuition or taxpayer dollars. So far, $30 million has been pledged to the effort, with the donation goal at $125 million. The system’s governing board also authorized the school to borrow an additional $50 million in revenue bonds, that will be paid off with ticket and premium seating proceeds.

The stadium is at 2139 San Jacinto Blvd.

Read More at Texas Tribune

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