Trustees at the University of Arkansas have approved a $120m bond issue that will fund an expansion and upgrade of the US institution’s Donald W. Reynolds Razorback Stadium in Fayetteville.
The $160m stadium project, which is expected to be completed by the start of the 2018-19 academic year, will feature new premium seating and an upgrade of the north end zone of the venue.
As part of the plans, the Broyles Athletic Center, which houses offices for several of the university’s athletics department staff members, will be rebuilt. The former Bogle Academic Center on the east side of the stadium will also be revamped.
About 4,800 seats will be added, taking the overall capacity to approaching 77,000. The stadium last underwent a major upgrade 15 years ago.
It is hoped that the project will help to satisfy the demand of fans and business executives, with the 134 existing suites at the stadium sold-out on an annual basis, contributing about 16 per cent of the season-ticket proceeds. It is thought that there is a waiting list for at least 60 additional suites.
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