Penn State Trustee Barry Fenchak says that Penn State should not move forward with its planned four-year, $700 million renovation of Beaver Stadium.
Penn State's Board of Trustees has scheduled a public meeting Tuesday, when it will present, and likely vote on, the $700 million plan to renovate Beaver Stadium. One trustee has announced that he will vote against the proposal.
"As currently proposed, the $700 million Beaver Stadium renovation will be, by far, the largest capital expenditure in our athletics history and one of the largest athletics capital projects in the history of college athletics,"Penn State announced in February 2023 that it would renovate Beaver Stadium, the 64-year-old venue that is the nation's second-largest, rather than build new.
“Populous is proud to partner with Penn State on a transformational renovation to Beaver Stadium, reimagining and innovating the fan experience of one of the most iconic venues in college football,”. "Our team will work hand-in-hand with the University to design and bring to life the spirit and tradition of Penn State, while setting up Beaver Stadium to continue to serve fans for the years to come.
"One of my important duties as a trustee is to reject proposals that would place the University in unsustainable financial situations, including project proposals from the Department of Intercollegiate Athletics ," Fenchak wrote. " Unwise ICA financial decisions not only hamstring athletics operations but every dollar of debt incurred is underwritten by general tuition dollars, not by ICA. In a worst case scenario, that debt would be passed to the taxpayers of Pennsylvania.
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