University of Houston athletic director Mack Rhoades reports the university has raised $40 million of the $75 to $80 million it thinks it needs to raise by next spring in order to begin construction of a new 40,000-seat football stadium on the current site of Robertson Stadium at Cullen and Holman streets. The university’s plans for the new stadium — projected to cost $120 million — were announced last summer, along with an extensive renovation plan for the neighboring basketball venue, Hofheinz Pavilion. Construction cost savings, revenue from 22 luxury suites, 200 loge box seats and 650 club seats at the stadium, the sale of naming rights, and financing would make up the difference, Rhoades tells the Chronicle‘s Sam Khan Jr.
- UH notebook: Raising of stadium funds on track [Houston Chronicle]
- Athletics Unveils Future of Football, Men’s Basketball Facilities [UH Cougars]
Renderings of proposed stadium: Houston Cougars