Just read in the local Colorado Springs paper that the 3 FBS schools in the state are spending big bucks to update their football facilities. CU is spending $156,000,000 to upgrade their football complex ( including a 16,000 sq ft locker room and 8,000 sq ft players lounge), CSU is spending a $220,000,000 on a new stadium, and Air Force is spending $30,000,000 to upgrade their stadium. Football is a big money sport, but where will this end?
CSU making that large of a commitment makes me think they've got the mindset that they'll someday surpass what Colorado currently is. How big is the new stadium going to be?
The new CSU stadium will seat 36,000(as opposed to current 32,500), but has a total capacity of 40,085(standing, wheelchairs, who knows what the difference is). The university has issued about $190,000,000 in bonds. They raised $27,000,000 plus another $10,000,000 in deferred donations. There has been a great deal of debate about the whole thing as you might expect. They originally had a $110,000,000 goal for donations. That didn't happen. It seems that they would like to be a future target for a P5 conference(big 12?), but how likely that is has to be debatable. They are not CU, but would like to be considered their equal. Sound familiar?
CU had a goal of $47,000,000 ( 1/3 of original estimates) and went ahead with the project even though donations have been less than that so far -that sounds familiar too, but at least they had a more realistic goal. Their seating capacity is around 53,750.
Last Edited: 6/18/2015 2:01:44 PM by colobobcat66