FORT COLLINS, Colo.—Colorado State University’s president is recommending that the university start raising funds for a new football stadium on campus, but he says the idea will have to be suspended if a viable financing plan can’t be found within two years.
CSU has been examining since February whether replacing the aging, off-campus Hughes Stadium is feasible. Consultants hired by the school and by opponents of a new stadium have disagreed about how much revenue would be generated by a new on-campus facility, whose costs are estimated at about $246 million.
University President Tony Frank said in a written statement Monday that he envisions at least $125 million of the cost being funded by donations.
CSU’s Board of Governors is scheduled to consider Frank’s recommendation Thursday.
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