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Temple Board Approves $1M Study for Football Stadium

Yesterday we gave you the heads up that Temple University's board meeting was open to the public to discuss plans for a new football stadium. The result: The board's approval to proceed with a $1 million design study, despite protests from local community members. BillyPenn reports that multiple residents spoke against the stadium, save for one local developer who supported the project.
The proposed stadium would hold 35,000 seats, and be located behind Liacouras Center on North Broad Street. If built, the stadium would cost $126 million, in addition to $300 million invested to revitalize North Broad Street. The trustees said $50 million would be sought for the stadium construction from alumni.

The board also said that the new stadium would save about $3 million annually through 2024. Currently, the university leases the Linc for games for $1 million a year.

6ABC reports that the study is expected to be completed in the spring, and if all goes well—which is unlikely—construction should begin in 2017.

· Temple University board OKs plan to pursue on-campus football stadium [BP]
· Trustees vote to move forward on Temple Univ. Stadium [6ABC]

Temple University

1801 N Broad Street, Philadelphia, PA 19122 215 204 7000