ChiefsPlanet - View Single Post - MU ***Official 2012-13 Mizzou football repository thread***

eazyb81 · 06-27-2012, 06:35 AM

Backed by $30 million gift, MU unveils master facility plan

By Dave Matter
Tuesday, June 26, 2012

Five days before Missouri officially joins the Southeastern Conference, MU took its first steps in the league’s facility arms race.

After a brief presentation from Athletic Director Mike Alden, the UM System Board of Curators unanimously approved MU’s first phase for athletic upgrades, a bond-financed project totaling $72 million to renovate the east and west sides of Memorial Stadium, plus other smaller projects to other athletic facilities. The total projected costs for the master plan is $102 million.

The other $30 million will come from a donation by the Kansas City Sports Trust. MU did not disclose the identity of any individual boosters associated with the group. The same group donated $10 million to the MU athletic department for facility upgrades in 2004. The donation is the second largest in the school’s history and was described as the launching point of a comprehensive $200 million facility overhaul that MU hopes to complete within the next eight to 10 years, Alden said.

Alden described the day’s news as a making a “statement to the country, and not just to the SEC and the state of Missouri but to the country, that Mizzou is an institution that’s serious, completely serious, about stepping up in a big way.”

“It’s a proud moment when you can hold your head high and say, ‘We’re doing it right at Missouri,’ ” said Chancellor Brady Deaton during a news conference alongside UM President Tim Wolfe, Curator David Bradley and Alden.

MU unveiled the renovation plans with six artist renditions of Memorial Stadium (football), Taylor Stadium (baseball), University Field (softball) and revamped tennis and golf facilities. Among the additions will be a new indoor football practice facility planned for the area behind the Mizzou Athletic Training Complex and an additional weight room.

As part of the plans for Memorial Stadium, MU will add an upper bowl on the east side of the stadium with more than 5,000 general admission seats and a club level with more than 1,000 seats, along with restrooms, concessions, lounge spaces, kitchen, support and circulation spaces. The east-side addition will cost an estimated a $46.05 million, of which $45.44 million will come from revenue bonds and $500,000 from MU Campus Facilities Utility Reserves. MU recommended the architecture firm Populous Kansas City to handle the project for a basic service fee of $1,876,200. The same firm built the Mizzou Athletic Training Complex. The east-side addition is expected to be completed in July 2015.

MU also proposed a $9.75 million renovation of the press box on the west side of the stadium, all funded through revenue bonds. The project will relocate a portion of the press area to the upper deck with the creation of an enclosed, conditioned space. The vacated press areas will be converted to suites, while the current club and suite levels will receive updated finishes. For the west-side project, MU recommended 360 Architecture of Kansas City for a basic service fee of $543,975. The west-side construction is expected to be completed in August 2013.

Also for the 2013 season, MU will move the Rock M and berm on the north end of the stadium closer to the end zone to expand the north concourse for improved seating.

“What you’re seeing is a commitment to becoming a great team in a great league,” football Coach Gary Pinkel said. “And that means becoming a national team as we continue to build our programs.”

Missouri expects to finance the bulk of the $72 million project through increased revenue from the sales of additional premium seating on the existing west tower and the new east tower, plus an $8 ticket surcharge that will go toward debt relief. The project’s debt financing plan is based on a 30-year amortization at 5 percent.

Memorial Stadium’s current capacity is 71,004, which would rank 10th in the newly expanded 14-member Southeastern Conference, ahead of only Kentucky (67,942), Mississippi (60,580), Mississippi State (55,082) and Vanderbilt (39,790). Arkansas’ Razorback Stadium (76,000) would be next on the list to surpass.

Alden said he expects the first phase of renovations to push MU’s capacity past 75,000, and should MU continue to collect donations and expand capacity, the stadium could seat 80,000 sometime in the next decade.
Missouri and Texas A&M formally become the newest members of the SEC on Sunday, both leaving behind the Big 12.

http://www.columbiatribune.com/news/...y-/?tigerextra

06-27-2012, 06:35 AM	#383
eazyb81 The Illuminati Join Date: Oct 2004 Location: the road less traveled Casino cash: $10004900	Backed by $30 million gift, MU unveils master facility plan By Dave Matter Tuesday, June 26, 2012 Five days before Missouri officially joins the Southeastern Conference, MU took its first steps in the league’s facility arms race. After a brief presentation from Athletic Director Mike Alden, the UM System Board of Curators unanimously approved MU’s first phase for athletic upgrades, a bond-financed project totaling $72 million to renovate the east and west sides of Memorial Stadium, plus other smaller projects to other athletic facilities. The total projected costs for the master plan is $102 million. The other $30 million will come from a donation by the Kansas City Sports Trust. MU did not disclose the identity of any individual boosters associated with the group. The same group donated $10 million to the MU athletic department for facility upgrades in 2004. The donation is the second largest in the school’s history and was described as the launching point of a comprehensive $200 million facility overhaul that MU hopes to complete within the next eight to 10 years, Alden said. Alden described the day’s news as a making a “statement to the country, and not just to the SEC and the state of Missouri but to the country, that Mizzou is an institution that’s serious, completely serious, about stepping up in a big way.” “It’s a proud moment when you can hold your head high and say, ‘We’re doing it right at Missouri,’ ” said Chancellor Brady Deaton during a news conference alongside UM President Tim Wolfe, Curator David Bradley and Alden. MU unveiled the renovation plans with six artist renditions of Memorial Stadium (football), Taylor Stadium (baseball), University Field (softball) and revamped tennis and golf facilities. Among the additions will be a new indoor football practice facility planned for the area behind the Mizzou Athletic Training Complex and an additional weight room. As part of the plans for Memorial Stadium, MU will add an upper bowl on the east side of the stadium with more than 5,000 general admission seats and a club level with more than 1,000 seats, along with restrooms, concessions, lounge spaces, kitchen, support and circulation spaces. The east-side addition will cost an estimated a $46.05 million, of which $45.44 million will come from revenue bonds and $500,000 from MU Campus Facilities Utility Reserves. MU recommended the architecture firm Populous Kansas City to handle the project for a basic service fee of $1,876,200. The same firm built the Mizzou Athletic Training Complex. The east-side addition is expected to be completed in July 2015. MU also proposed a $9.75 million renovation of the press box on the west side of the stadium, all funded through revenue bonds. The project will relocate a portion of the press area to the upper deck with the creation of an enclosed, conditioned space. The vacated press areas will be converted to suites, while the current club and suite levels will receive updated finishes. For the west-side project, MU recommended 360 Architecture of Kansas City for a basic service fee of $543,975. The west-side construction is expected to be completed in August 2013. Also for the 2013 season, MU will move the Rock M and berm on the north end of the stadium closer to the end zone to expand the north concourse for improved seating. “What you’re seeing is a commitment to becoming a great team in a great league,” football Coach Gary Pinkel said. “And that means becoming a national team as we continue to build our programs.” Missouri expects to finance the bulk of the $72 million project through increased revenue from the sales of additional premium seating on the existing west tower and the new east tower, plus an $8 ticket surcharge that will go toward debt relief. The project’s debt financing plan is based on a 30-year amortization at 5 percent. Memorial Stadium’s current capacity is 71,004, which would rank 10th in the newly expanded 14-member Southeastern Conference, ahead of only Kentucky (67,942), Mississippi (60,580), Mississippi State (55,082) and Vanderbilt (39,790). Arkansas’ Razorback Stadium (76,000) would be next on the list to surpass. Alden said he expects the first phase of renovations to push MU’s capacity past 75,000, and should MU continue to collect donations and expand capacity, the stadium could seat 80,000 sometime in the next decade. Missouri and Texas A&M formally become the newest members of the SEC on Sunday, both leaving behind the Big 12. http://www.columbiatribune.com/news/...y-/?tigerextra
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