Looks like a potentially overwhelming home field advantage to me.
Beaver Stadium reconstruction thread
- Thread starter Tom McAndrew
- Start date
Pat Kraft was saying they are cautiously optimistic that they can be at full capacity in early October.
It definitely should be, but it obviously has to be married with this staff doing well with recruting and the portal. You'd think that playing in a stadium like that would be a significant attraction.
BTW, Kyle Field's renovations are pretty much universally recognized as a massive win for Texas A&M.
I assume they have the start-up $$ Wilbury,
Penn State currently doesn't have the money; they are relying on following:
"The university has structured the renovation funding through:
a mix of state and federal resources, loans, fundraising, naming rights, sponsorships, premium seating, and a major philanthropic campaign."
If the school can cough-up $100,000,000 in fundraising donations (strictly for the stadium) per year for the next 20 years, PSU will have paid around
$1.5 billion+/- for the $700 million price tag.
Historic investment from nearly 20,000 annual supporters is helping position Penn State Athletics to lead in the next era of college sports
UNIVERSITY PARK, Pa. —With the closure of the 2025-26 fiscal year, the extraordinary commitment of nearly 20,000 annual supporters has helped Penn State Athletics complete one of the most successful four-year periods in department history. More importantly, it has helped position Penn State to become one of the premier athletics programs in America for generations to come.
Over the past four years, Penn State Athletics generated $353.1 million in philanthropic commitments, nearly doubling the $181.8 million raised during the previous four-year period. The 94.2 percent increase reflects far more than fundraising success. It represents a shared belief that Penn State should continue setting the national standard for competitive excellence, the student-athlete experience and long-term sustainability across all 31 varsity sports.
That commitment has resulted in four of the five largest gifts in department history, eight of the department's 12 largest gifts overall and three of the four strongest fundraising years ever recorded.
Since 2022-23, Penn State has secured 27 commitments of $1 million or more, including a record 13 during the 2024-25 fiscal year. Gifts of $100,000 or more have more than doubled over the past several years, demonstrating remarkable confidence from supporters at every level.
“This isn't simply a fundraising milestone,” said Vice President for Intercollegiate Athletics Dr. Patrick Kraft. “It's a reflection of what makes Penn State different. Every gift represents someone who believes in our student-athletes, our coaches, our people and our future. Together, our supporters have created the momentum that allows Penn State not only to compete at the highest level today, but to build one of the strongest and most sustainable athletics programs in the country for decades to come.
College athletics is changing rapidly, but our mission remains the same: provide an extraordinary experience for our student-athletes while pursuing championships with integrity. Because of our supporters, Penn State is exceptionally well positioned to lead through this new era. On behalf of everyone in Penn State Athletics, thank you. Your generosity, your passion and your belief in Penn State are the reason our future has never been brighter.”
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"A conservative 30-year pro forma was stress-tested; one reported figure indicated that fully borrowing and repaying $700 million over 30 years could total about $1.28 billion including interest. Officials projected a net positive for athletics over the long term (one figure cited ~$44 million profit over 30 years under their model) and noted the renovation also avoids ~$200 million in deferred major maintenance."
^^ Worth pointing out that PSU will not be fully borrowing $700M after factoring in the $135M down payment, and the project's budget is also $664M and not to exceed $700M.
Penn State Beaver Stadium Renovation Financing Structure | Shared Grok Conversation
outline the financing structure for penn state's renovation of beaver stadium. Include the total cos
grok.com
You are correct Chi,"A conservative 30-year pro forma was stress-tested; one reported figure indicated that fully borrowing and repaying $700 million over 30 years could total about $1.28 billion including interest. Officials projected a net positive for athletics over the long term (one figure cited ~$44 million profit over 30 years under their model) and noted the renovation also avoids ~$200 million in deferred major maintenance."
Penn State Beaver Stadium Renovation Financing Structure | Shared Grok Conversation
outline the financing structure for penn state's renovation of beaver stadium. Include the total cos
in the past I was using $1.4 billion for the total based on around $75 million per year.
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I'll miss the sense of community around the troughs.
Where is this $135 million "down payment" coming from?"A conservative 30-year pro forma was stress-tested; one reported figure indicated that fully borrowing and repaying $700 million over 30 years could total about $1.28 billion including interest. Officials projected a net positive for athletics over the long term (one figure cited ~$44 million profit over 30 years under their model) and noted the renovation also avoids ~$200 million in deferred major maintenance."
^^ Worth pointing out that PSU will not be fully borrowing $700M after factoring in the $135M down payment, and the project's budget is also $664M and not to exceed $700M.
Penn State Beaver Stadium Renovation Financing Structure | Shared Grok Conversation
outline the financing structure for penn state's renovation of beaver stadium. Include the total cos
Nothing screams community like the guy in the center of the trough who gets to experience a river of urine travelling at him from both directions.
The fundraising campaign + $50M from Westsl Shore Home (largest stadium naming rights deal ever in college football). They hit the target milestone a couple weeks back with Bob Poole's donation of $5M.
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A "down payment" is an initial upfront payment of cash. The $50 million from West Shore Home will be received by Penn State over a 15 year period, if it is fully realized. Fundraising commitments are also paid in over time. Over the entire organization, more than 50% of philanthropic commitments are scheduled to be paid in more than five years; about 20% are less than one year. That is for PSU as a whole and I don't imagine it's much different for the stadium.
There are at least four college stadium naming rights deals that are as large or larger than Penn State's, two of those more on an annual basis.
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I have been in the stadium for almost every game the past several years and many years before that. The bathrooms with the troughs never had lines, even for the big games. I do know the trough bathrooms under the west side by Gate C have been demolished. People would always be lined up at the handicap bathroom that had 2 urinals but the bathroom right around the corner with like 6 troughs was always empty. Long live the troughs!!!
I saw several people crapping in the troughs. Amusing to say the least!
