Middle Tennessee State University requests $16M for Floyd Stadium renovations

Middle Tennessee State University (MTSU) is set to receive $16 million in funding for significant renovations at Floyd Stadium, following a recent meeting of the Tennessee State School Bond Authority. The funding will support the replacement of aging bleachers and associated infrastructure, ensuring the stadium remains a safe and functional venue for athletic events.

Bill Waites, MTSU's assistant vice president of campus planning, presented the proposal, which includes a 30-year financing plan with an estimated annual cost of $1.3 million. This amount will be covered by revenues generated from student athletic fees. The renovation project aims to replace the West Grandstand bleachers, which have reached the end of their useful life, with new aluminum seating and a steel support structure. Additionally, the project will upgrade electrical wiring, lighting, and install a fire sprinkler system.

The total cost of the project is approximately $16.5 million, with MTSU contributing $500,000 from its own funds. During the meeting, members expressed their support and raised questions about the funding sources, particularly regarding the student athletic fees. Waites clarified that the fees used for this project are a small portion of the overall athletic fees collected, allowing room for future projects, including potential renovations to the Murphy Center.

The approval of this funding marks a significant step towards enhancing the facilities at MTSU, directly benefiting students and the local community by improving the overall experience at athletic events. The renovations are expected to not only maintain safety standards but also enhance the university's athletic programs and community engagement.