Jim Johnson Posted July 10, 2008 Group: TBP Subscriber III Topic Count: 0 Content Count: 4,610 Reputation: 1,245 Days Won: 9 Joined: 12/02/2018 Share Posted July 10, 2008 For those who are - and will - clamor for an OCS... consider Rutgers is having problems with their expansion, and it's 13,000 seats: Cost woes might trim stadium at Rutgers Thursday, July 10, 2008 BY JOSH MARGOLIN AND TED SHERMAN Star-Ledger Staff Rutgers University officials yesterday said skyrocketing costs for concrete, steel and fuel will force them to scale back the university's controversial $102 million football stadium expansion, or risk going over budget. Bids for the project have come in higher than anticipated, and the university now is looking to cut back some elements of the design. The first phase of the project -- which will add 1,000 new "premium" mezzanine seats -- remains on schedule and officials say those seats will be ready for the Scarlet Knights' first home game Sept. 1. The problems center on the construction of 13,000 additional seats in the south end zone section of the stadium in Piscataway. Rutgers president Richard L. McCormick said higher fuel costs, coupled with dramatic increases in building materials, led to much higher bids than estimated, forcing the university to start looking for cuts. ... In addition to the end zone seating, plans call for the addition of a recruiting lounge, additional concession stands, locker rooms, a media room and a new entrance off River Road. The stadium currently seats 43,000. The expansion project was approved by the university's board of governors in January, following the recent success of the Rutgers football program, which included three bowl appearances and 26 wins in the past three seasons -- leading to an increasing demand for tickets. Rutgers plans to borrow $72 million to finance the expansion, with bonds that will be repaid through stadium revenues. However, New Jersey's budget crisis forced Trenton lawmakers to pull the plug on additional state support for the stadium, forcing the university to raise $30 million in private donations. ... Source Link to comment Share on other sites More sharing options...
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