AUSTIN, Texas — The University of Texas System Board of Regents approved construction plans to renovate the south end zone of Darrell K Royal - Texas Memorial Stadium on Thursday.
The south end zone expansion project will cost approximately $175 million, according to the agenda book.
University documents stated the school will raise $125 million of the total cost through gifts. Pledges totaling $30 million have already been obtained and the final $50 million will be financed through debt markets and repaid from “premium seating and ticket sales,” according to KVUE media partner The Austin American-Statesman.
The Statesman reported the university said no taxpayer dollars and no tuition money will be used in the project.
Construction could begin in 2019 with a projected completion date in July 2021.