Attention Penn State fans – Beaver Stadium will get $700 million in upgrades

May 22 – The Penn State University Board yesterday approved spending $700 million in upgrades to Beaver Stadium. 

It was not a unanimous decision and the board said no tuition money or tax money will be used for the upgrades. 

Attorney Clint Barkdoll said, “It’s all going to come out of organic sports revenue. They’re also going to float some bonds and do some private fundraising. But this will be the largest expenditure in Penn State history on this building. It’s going to take several years to do it and they’re going to put in the sky boxes and the suites and all of these things they think long term that will generate more revenue.”

Some of the dissenting opinions on the board are pointing out that Penn State is trying to cut $1 million dollars from its budget – is this really the right thing to do? 

Barkdoll said, “What does this say to the public when the board is now approving $700 million in new expenditures for the football stadium?”

Pat Ryan of NewsTalk 103.7FM said, “Obviously you know where your bread is buttered, right?”

Barkdoll said, “That’s what it boils down to. Now some of the proponents do argue, like it or not, that the football team is kind of the front door of the university. It gives them a lot of national recognition. It’s good for recruiting, even for non-athletes. So there’s all those kinds of collateral things but no doubt they know where the bread is buttered. This is where the money comes into that sports program.”