Colorado State University’s Board of Governors gave the nod to two significant construction projects Feb. 5 for the Fort Collins campus. The largest and most contentious will be a $242 million on-campus stadium. CSU will also get a new four-story $59 million medical center.
CSU’s Board of Governors approved the 36,000-seat on-campus stadium Dec. 5, but the financing details were finalized during its Feb. 5 meeting. According to the Coloradoan, the university will issue $242 million in bonds to build the stadium on the southwest corner of campus with a 40 year payback period.
The bonds will not be backed by the state intercept program.
The medical center will be built on the northwest corner of Prospect and College avenues. It will house the CSU Health Network for students and staff, as well as a walk-in clinic.
Construction costs will be covered by private and institutional donations, and revenues from the CSU Health Network.
Construction for both projects is expected to begin this fall, with completion scheduled in late 2016.
