UT Trustees to consider $106M Neyland Stadium renovation

Oct. 13, 2016: The UT Board of Trustees is considering a $106 million plan to renovate Neyland Stadium.

The University of Tennessee Board of Trustees will consider a $106 million Neyland Stadium renovation during its meeting in Knoxville Friday. 

The project focuses on the south end of the stadium and includes relocating the visitor locker room, addressing safety issues in the seating areas and correcting safety regulations at the field level, according a summery included in the meeting agenda. 

There are also plans to create an entry plaza at the north entrance of the Neyland-Thompson Sports Complex at the corner of Lake Loudoun Boulevard and Johnny Majors Drive. That part of the renovation is estimated to cost $1,000,000.

The renovations will be done in phases, with a targeted completion date of August 2019. 

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If approved, the stadium renovations will be paid for with $15 million cash reserves, $10 million in donor gifts, $21.3 million in debt service secured by pledged capital gifts and $59.7 million debt service secured by operating revenues.

No state funds will be used for the renovations, but the project does require legislative approval, according to the agenda information. 

If the Board of Trustees approves the stadium renovation, the plan will be sent to the Tennessee Higher Education Commission to begin the legislative approval process. 

Friday's agenda also includes plans for a $7.4 million "Arena Renovations and Systems Improvements." That includes renovations to dressing rooms, meeting rooms and media center, as well as stabilizing ramps and upgrading HVAC systems. 

The agenda also details plans for several other building projects on the Knoxville campus, including a $22 million 1,000-space parking garage at UT Medical Center, a $129 million Engineering Services Facility and a $97.5 million Academic & Instructional Support Facility.

The Board of Trustees is meeting Thursday and Friday on the UT Institute of Agriculture campus in Knoxville.

(© 2016 WBIR)


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