Boise State plans to expand Bronco Stadium with 3,300 more bleacher seats

By Chadd Cripe
ccripe@idahostatesman.com
© 2011 Idaho Statesman

Boise State plans to add 3,300 additional bleacher seats in the end zones of Bronco Stadium for the 2012 season, according to agenda materials submitted to the State Board of Education for Thursday’s meeting.

The plan is for the school to move the 5,200 bleacher seats in the stadium to Dona Larsen Park, the new track and field and high school football complex under construction at the former East Junior High site.

Those bleachers will be replaced with 8,500 seats.

The seating would cost $3.1 million and be added to the cost of Dona Larsen Park, which is a $6 million project paid for with donations. The additional money would be borrowed from the university and repaid with 4.5 percent interest over a 3 ½-year period from the revenue generated by the seats. The seats will pay for themselves in that time period if they are sold out, the university says.

The expansion would increase Bronco Stadium capacity to 36,800 and allow for crowds in excess of 37,000.

Also Thursday, Boise State will ask for permission to build the new football complex in the north end zone. The State Board previously signed off on the design process and still will need to approve the financing plan in February. The 69,000-square-foot complex is expected to open for the 2013 football season.

The project cost has increased to $22 million, from $20 million, “to appropriately address football program needs both in size and programming.”

The school has raised $7 million and will need to borrow $15 million. The agenda materials say the school has another $5.5 million “in potential pledges.”

Fans can donate to the stadium projects here.

Eureka!!!!!!!!!!!!!!

Its here!

Great

we can now expect 25 very long posts each and every day of non-football discussion.

Not cool Chadd, we almost had him completely weened..........

what is your number?

where do you park?
how much do you weigh?
what is your bank account number?
where did you go to school?
how much did you give?
where are your seats?
who is your beneficiary?
what is your IQ?

i must know

i am the owner

i am lord of the board

i am leavestain

That's nice, son but it's past curfew...get home!

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Everybody wants to hue the knurled

ugh - bad idea

what they need to do is to take out the track and put in more real seats

any of you guys ever sit in the south end zone? it's a tad tight in there...

if you saw UH get embarrassed on national TV Sat before the Bronco game, that's what i'm talking about - the seats are much closer to the sidelines

Enough is Enough!

What about a commitment to Leon Rice and the Basketball Program.Expand and Expand and Expand this Football program.Oh Well! We want to make Chris Petersen happy? -and if we don't make him happy -he will pout-and go away to you know where BCS Conference-I am trying to be nice-again this whole situation with BSU- and Football-is getting-sillier all the time-must I forget- who The President of BSU is.

Weisberg,

Taco Bell Arena is pretty much state-of-the art with the new locker rooms being recently completed, and seating capacity is enough to hold NCAA tournament playoffs here. Maybe some additional money for basketball coaches salaries to make them more equitable with the football staff? I don't know.

weisberg

you do know that Rice and his team are already enjoying the new $3Mil basketball complex, while Petersen is still begging for his football complex, don't you? Plus, BSU's new marketing guy hails from the same school that Leon Rice was hired away from and his primary focus is on growing the basketball program. In addition the new AD is from basketball powerhouse Kentucky and will also be putting a lot of emphasis on growing the basketball program, so if anything, BSU's new interest in basketball is actually taking away from football

You mean like a new BASKEBALL FACILITY

Which JUST OPENED A FEW MONTHS AGO?

Seriously! They BBall program just got brand new stuff, and it is thanks to the Football program they have it.

NUFF SAID

Yes, now pay attention you guys.

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Everybody wants to hue the knurled

It's called the Arguinchona Basketball Complex for a reason

The Arguinchona's were the lead donors for the facility which is why it's named after them. The other donors that helped pay for the facility were the Cavens, the Williams, the Inskos, the Boltons and John Bleymaire.

Geez, You make it sound as if the university is swimming in a pool of football cash

Great news

It's great to see the expansion of both academic and sports facililities at Boise State University. The new basketball complex, the upcoming football complex and seating, the new business school building, additional on campus student housing, to name a few. Strong leadership from President Kustra to grow this university for the benefit of the students, athletes, faculty, coaches, and community.

The Stadium Expansion Phase-I does pencil

out....

The addition of 3300 seats at $53 each for 3.5 years at 4.5% interests will get paid....the $3M or so will get paid....

The loan for about $14M to finish facilites in time for Nevada game will be done too....That will get paid thru revenue....

The rest to 50,000 may be alittle tougher....

Looks like phase-I may finish on time....

You will need all of that when the 'Great Rivalry' comes back to town....

so hurry and finish....

ugly - Can BSU loan State of Idaho School Operating Funds?

Are you saying that individual donors do not need to spend any money on donations/contributions and that the revenue loan will handle it? Should Vandals and Broncos stop giving money to the BAA to help Coach Pete with his project to expand Bronco Stadium, or should they still give Coach Pete more money? With Christmas coming up, maybe Vandals need to buy more eggnog and whiskey; and Broncos need to buy more Carhart cold weather work clothes?

I am curious what entity is actually 'loaning' the money, which is repaid over time?

Is it BSU as the university that is 'loaning' it - which I did not think a state agency could do?

Is it the Bronco Athletic Association what is 'loaning' it - which it could do as a private corporation?

Do the two loans total $17M ($3M + $1M)

Is it possible the 'loan' is coming from BSU's Endowement?

I do not understand where the $17M to be loaned is coming from. I am sure the money will get paid back, with interest, and all things will turn out okay in time and all paid off - I am just at a loss to understand who/what the loaning entity is.

Possibly you can shed some light on these questions.

Go 2012 Broncos.

VNDL
BAA Member #63799

VNDL....I read the word

'Loan' in an article several months ago, outside of Boise....

I even read the word 'bond' in the discussion too....

Is it possible that the BAA is the co-signer?

But BSU loaning it to the Broncos is how I read it too....

I did read in another article that Boise State has built an endowment worth, ironically, $17M....

VNDL you and I both know the Common Bronco is not going to donate much, they just spend time complaining about James and BCS....

Watching two snails race in a marathon would have a faster finish that the Common Bronco reaching fundly's goal of $250,000....

I'm not sure about all your questions....we may have to ask Mr Stats....

Ugly - help please, I need your 3D Thinking Ability

The main article sez, en parte: "The seating would cost $3.1 million . . . The additional money would be borrowed from the university and repaid with 4.5 percent interest over a 3 ½-year period from the revenue generated by the seats. The seats will pay for themselves in that time period if they are sold out, the university says . . . Thursday, Boise State will ask for permission to build the new football complex in the north end zone. The State Board previously signed off on the design process and still will need to approve the financing plan in February. . . The project cost has increased to $22 million, from $20 million, “to appropriately address football program needs both in size and programming. . . The school has raised $7 million and will need to borrow $15 million. The agenda materials say the school has another $5.5 million “in potential pledges . . . Fans can donate to the stadium projects here."

Okay, a litttle confused here:

A. The article sez that the additional money ($3.1M) would be borrowed from the university and repaid with 4.5 percent interest over a 3 ½-year period from the revenue generated by the seats. The key is the article sez 'from' the university.

B. The artcle sez that the project cost has increased to $22 million, from $20 million, “to appropriately address football program needs both in size and programming. . . The school has raised $7 million and will need to borrow $15 million. The key is the article sez the school needs to 'borrow; $15M.

First the article has BSU loaning $3.1M to somebody (unknown and/or unreported so far) and then, the article has BSU borrowing $15M from somebody (unknown and/or unreported so far).

And yet, a financing plan has not even been approved (probably not even formulated, at this point).

Ugly, did you get confused after reading this article?

Are you thinking, like me, that the financing component of these expansion projects is yet to be developed and will be developed in January, a month or so, ahead of the SBOE Meeting?

Go 2012 Broncos.

VNDL
BAA Member #63799

VNDL....

yes the article is a bit confusing....

but, I think what it is saying is that funds for Dona Larsen are fine (which we knew)....and then uncertainty builds (which we knew too)....

Basically, Coach Pete wants the seats and facilities as the early article said....

The funding from donors is obviously lower than what they expected from Fans tired of the BCS....

So after Dona Larsen, there is still around $3M short of funds, so they? (Broncos, BAA, who knows) will borrow from the school (BSU?)and they will pay it back with 4.5% interest short of 4 years time....

So it sounds like funds are ok for Larsen part and the University will loan the Stadium? $3M for the remainder of the seats....

Now the hard part....the facilities must be done Fall 2013 as per Coach Pete's request....sounds like they still need $15M and must borrow from someoneelse?

Now I read and posted a couple months ago about a bond loan....I read this article that stated a closed meeting in Lewiston area with SBOE and others over a 'bond' loan issue for Stadium Expansion....

I know Boise State cannot get a bond for the Broncos....but can the BAA, which is a 501c non-profit entity? Can the BAA get the loan from an existing bond and pay it back thru the Bronco football revenue?

Or have they gone to a corporation for the loan, such as a Micron or Hewlett Packard? or maybe to even the engineering and construction firm that will actually do the project?

But what this really tells me is that donations are not there to start the project....they must rely on loans....

However, to go to the SBOE for financial approval also tells me it is a loan from an education bond....

I agree, parts are confusing....why cant they just say we borrowed $15M from Zions Bank at 5% interest over 15 years and we will use donations from the Common Bronco Fan plus Bronco Football revenues to pay it back?

Too many unknown variables....

Will this affect seating

Will this affect seating capacity next year. When do they move the seats to DLP? Will the new seats be in by that time, I doubt it. hummmmmmmmmmm