Some trustees had asked for a delay, arguing that PSU's operating budget deficit and continuing uncertainty in the college sports financial landscape merit at least an independent review of the project's financial feasibility. But an overwhelming majority were ready to move.
A look at what the west exterior of Penn State's Beaver Stadium could look like after a $700 million renovation. PSU trustees approved the spending and financing for the project today.
This story was updated at 5:23 p.m. with some information on the Big 12 Conference presidents and chancellors approving proposed settlement terms in a class-action lawsuit that could open an era of revenue sharing in major college athletic departments, and to correct the record that this Penn State trustees meeting did in fact occur on Tuesday.
Penn State trustees, doubling down on the idea that the school’s vaunted college football team is the university’s single biggest calling card, voted Tuesday to authorize spending not to exceed $700 million on a three-year makeover of Beaver Stadium. If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
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