By Anne Ryman for The Arizona Republic
The project to renovate ASU‘s Sun Devil Stadium is expected to cost an additional $38.9M, bringing the total price tag to more than $300M.
Documents presented to the Arizona Board of Regents, which oversees the state universities, ask the board to approve the additional funds, bringing the total project cost to $307M and pushing back the expected completion date to June 2019.
The project is being financed without tuition or taxpayer money. The cash is being raised through private donations, the ASU athletics facilities district, tickets and sponsorships.
ASU estimates nearly $95M of the $307M price tag will come from donations, of which $80M has been pledged so far.
The latest price tag would also add an indoor, fourth level on the east side so the stadium can host year-round programs. Further details on the fourth level were not available.
ASU Vice President for Athletics Ray Anderson has said a running track will be installed around the entire stadium concourse once it is fully connected and that there could be a pathway through the stadium connecting to Tempe Town Lake.
Once the regents give approval, ASU officials then have the authority to sign construction contracts and begin the third and final phase of construction.
The last phase won’t begin until December and has a targeted completion date of June 2019.
Read more at The Arizona Republic.
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