AUSTIN AMERICAN-STATESMAN -- University of Texas officials are expected to take a major step forward on the path to renovating Royal-Memorial Stadium this week.
The UT System Board of Regents are scheduled to hear a presentation from president Gregory L. Fenves and athletic director Chris Del Conte during Thursday’s meeting. The south end zone expansion project is scheduled to cost approximately $175 million, according to the agenda book posted on Monday.
The school will raise $125 million of the total cost through gifts, according to UT documents. Pledges totaling $30 million have already been obtained. The final $50 million will be financed through debt markets and repaid from “premium seating and ticket sales.”
No taxpayer dollars and no tuition money will be used in the project, according to the school.
If regents approve the project, construction could begin in 2019 with a projected completion date in July 2021.
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