Penn State Athletics has for decades been an economic powerhouse for the Centre Region and revenue from its football program is the main source of support for all 31 sports – allowing 800 student-athletes to compete, gain leadership skills and advance their education. The president emphasized Penn State Athletics is a self-sustaining unit of the University – one of only a small number of self-funded collegiate athletics operations in the nation – and, as such, is still working out a funding model as well as a timeline. The president also said the University is not yet in a position to share financial projections for the renovation project. It is my commitment that we will do what we must to preserve one of our most iconic spaces in the most economical way possible." 17) meeting of the University's Board of Trustees, Bendapudi said, "Penn State has some of the most dedicated and loyal fans in the world and they deserve a facility that has upgraded amenities and improved circulation around the facility to enhance the fan experience. In announcing the decision at today's (Feb. Athletics also will need to put the project out for bid." "I know there is a lot of interest in this project, and we are at the beginning of a multi-year journey, which still must include proposal review and approval by the Board of Trustees.
In addition, it's important to note that no part of this project will be funded by tuition, student fees or any of our educational budget," said University President Neeli Bendapudi.
"After extensive research and consultation, renovation for Beaver Stadium is the direction we want to take as it is far more economical than a new build. The renovation plan for Beaver Stadium, which is still being finalized, must be brought before the full board for a vote in the near future. Penn State's iconic home of Nittany Lion Football may be receiving not only a significant upgrade in the form of a multi-phase renovation, but the project also has the potential to expand use beyond football game days.
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