NEBRASKA REGENTS OK $450M OVERHAUL OF MEMORIAL STADIUM, BUT HAVE FUNDING QUESTIONS

LINCOLN- On Thursday, the University of Nebraska Board of Regents approved a $450 million plan to overhaul and update the 100-year-old Memorial Stadium following the 2024 Husker football season. However, while the item passed unanimously on an 8-0 vote, several regents expressed their concern over the ambitious plan.

Specifically, regents were curious about what contingency plans were in place should Nebraska Athletics fall short in its goal of raising $225 million in private funding for the project. Regent Jim Scheer said he wanted to know of any "off-ramps" the athletic department was considering if this fundraising goal fails to be met.

"We don't want to get caught behind the 8-ball," said Scheer, adding that the project was discussed in great detail among members of the university's Business and Finance Committee, but not the entire Board of Regents. Nebraska Athletics Director Trev Alberts confirmed that the Department was indeed ready "to cut the cloth to fit the quilt" if necessary. Alberts and NU President Ted Carter also stated that ground would not be broken until all of the funding was in place.

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