The University of Missouri System Board of Curators, during a teleconference Friday, will consider a proposed new football facility in the south end zone at Memorial Stadium.
The $98 million Memorial Stadium South Expansion project is expected to be approved during the call, which is scheduled to begin at 10:30 a.m. The Board previously signed off on hiring Kansas City-based Populous as the architect for the 141,000-square foot, three-story structure in February.
After the project is completed — MU anticipates breaking ground after the 2017 season and opening the facility in time for 2019 — Memorial Stadium’s capacity will be reduced by nearly 6,000 to roughly 65,000, a team spokesman told The Star.
Mizzou Athletics projects $40 million in private financing for the project along with $800,000 from the Campus Infrastructure Fund and no more than $57.2 million in debt financing, likely in the form of bonds on future revenue generated by new premium seating options.
According to a memorandum filed with the board in advance of the meeting, Mizzou has received $48 million in private gift pledges, but there’s roughly an $8 million allowance for pledges that fall through and to account for interest accrued awaiting installment pledges that will be paid during a seven-year window.
The new project should relieve congestion at the Mizzou Athletic Training Complex, which currently houses most of the Tigers sports programs.
The Memorial Stadium South Expansion will include a new football locker room for game-day and practice use, a training facility, weight room, coaches’ offices, team meeting room, a reception area for events and recruiting and equipment storage.
There also will be a new kitchen and dining space, which can be used for team functions and premium ticket-holders on game days.
Under the proposal, the existing general admission seats will be removed, but Memorial Stadium’s capacity won’t change much with the addition of 16 suites, 1,500 premium seats and 1,300 general admission seats.
The last major renovation to the south end zone took place in 1977 when 10,800 general admission seats — the ones set for removal — were added.