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USF approves stadium financing plan

by The 100 Companies

The University of South Florida (USF) board of trustees approved the financing plan for an approximately 35,000-seat stadium on campus, a step forward in the school’s quest to enhance sports facilities.

The stadium is expected to open by fall 2026 and is estimated to cost $340 million.

The board’s approval authorizes the USF Financing Corp. to issue a $200 million debt, which will be repaid from operating revenues from the stadium and other revenues generated by USF Athletics.

“The University of South Florida is investing in our athletics programs in ways we never have before,” USF President Rhea Law said.

– Peter Schorsch, Extensive Enterprises Media

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