• Loading stock data...
Monday, December 15, 2025

Penn State’s $700M Plan Signals an Intensifying Facility Arms Race

  • Penn State trustees approve a $700 million renovation to Beaver Stadium.
  • The work arrives in the midst of a rising facility arms race in college football.
York Daily Record

One of college football’s true bluebloods and most popular programs is getting a major facility upgrade. But all is not happy in Happy Valley, and the project further signals the growing pressures of college sports.

Penn State’s board of trustees on Tuesday approved a $700 million renovation of Beaver Stadium, with the iconic facility set to open in its new form in 2027. The project has been actively discussed since early last year, but only a preliminary, $70 million design phase had previously been approved. 

The planned work will see the 106,572-seat facility—the second largest in college football—receive a wide range of enhancements, including wider concourses, additional restrooms, new escalators, an upgraded videoboard and lights, more premium seating, and winterization enhancements to better allow for hosting late-year events such as early rounds of the College Football Playoff.

Also in the works is a new welcome center and 21,000-square-foot indoor facility at Beaver Stadium that will further cement the venue as the “front door” for the entire Penn State campus in State College, Pa. The project will be funded through Penn State’s athletic department, using a combination of loans, fundraising, and capital budget. Completion is targeted for 2027. 

“This project is vital. It’s vital to substantially transform the fan experience and the community experience,” said Penn State president Neeli Bendapudi. “So many lives are dependent on the success of Penn State, and this [project] will set us up for a successful future.”

The vote among the Penn State governing body to green-light the project was 26–2, with three abstentions. But despite the overwhelming margin, a nearly two-hour hearing leading up to the vote was often combative, with critics of the project frequently alleging an overly short approval process and issues within the project’s financial modeling. An attempt by several of the critics to delay Tuesday’s vote to July 8 failed. 

“The public should know that a $700 million item is being rushed [through] for no good reason,” said trustee Alvin de Levie. 

Keeping Up

The vote arrived as Beaver Stadium last received a significant renovation in 2001. Since then, the entire business of college sports has turned over—multiple times—and Penn State is now part of a Big Ten Conference that is a coast-to-coast entity with ambitions to retain its status as the top-earning conference, while a facility arms race continues to overtake college football. 

Fellow Big Ten member Nebraska recently pushed back plans to renovate that school’s Memorial Stadium. But Penn State officials said there was a risk and urgency that mandated not waiting in their case.

“We are behind, both in fixing the necessary structural needs in the stadium, and [in] what we provide our fans,” said Penn State athletic director Pat Kraft. “It is time for Penn State to catch up to its peers. Beaver Stadium should be more than just average, more than just comparable to others. … Doing nothing is not an option.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Michigan Orders Sweeping Probe Into Athletic Department Scandals

The school retains a Chicago law firm to explore department culture and practices.

Here’s How Many People Streamed Pat McAfee’s Debut Single ‘Dookie’

McAfee’s debut single “Dookie” pulled surprising early streaming numbers across platforms.
Biff Poggi

Michigan’s Interim Football Coach Is a Hedge Fund Millionaire

Biff Poggi has been called the program’s “consigliere.”

Featured Today

How Pickleball Became One Massive Private-Equity Rollup

Pickleball roads lead back to billionaire Tom Dundon.
Dec 9, 2025; Toronto, Ontario, CAN; New York Knicks guard Jalen Brunson (11) dribbles against Toronto Raptors guard Jamal Shead (23) during the first half at the 2025-26 NBA Emirates Cup at Scotiabank Arena
December 13, 2025

The Lucrative NBA Cup Is Here to Stay

The in-season tournament, launched in 2023, is turning into a staple.
The Los Angeles Chargers host executives from UCLA Health on Wednesday, August 7, 2024 at The Bolt in El Segundo, CA.
December 7, 2025

The Multibillion-Dollar Business of Pro Athlete Recovery

What started as ice baths has evolved into a multibillion-dollar industry.
Big League Wiffle Ball
November 29, 2025

Celebrity-Backed Wiffle Ball Has Big-League Aspirations

Big League Wiffle Ball team owners include Kevin Costner and David Adelman.
Jul 1, 2025; New York City, New York, USA; A general view out side of Citi Field. The game between the New York Mets and the Milwaukee Brewers was postponed due to impending weather.

Mets Owner Steve Cohen Clears Final Hurdle for $8B Casino Project

The Mets owner and Hard Rock receive a New York gaming license.
December 4, 2025

Milan’s New Olympic Hockey Arena Is Behind Schedule and Too Short

Construction is delayed and the ice may not meet NHL size standards.
View of the London logo on the field after an NFL International Series game between the Denver Broncos and the New York Jets at Tottenham Hotspur Stadium.
December 5, 2025

New NFL Surface Standards Will Apply to International Stadiums

The NFL played a record seven international regular-season games this year.
Sponsored

20 Years of Coastal Cool: How Johnnie-O Became a Force in Golf,..

A style movement powering one of the fastest-growing brands in sports and lifestyle.
April 19, 2022; Austin, TX, USA; Tim Leiweke of the Oak View Group speaks at a ribbon cutting ceremony for the Moody Center, a multi-purpose arena that will be home to concerts and the UT basketball teams on Tuesday April 19, 2022.
December 4, 2025

Trump Pardons Ex-Oak View CEO Months After Bid-Rigging Indictment

Trump issued Leiweke’s pardon Tuesday.
December 3, 2025

Browns Clear Final Major Hurdle for New $2.4B Domed Stadium

The team’s settlement with Cleveland receives city council approval.
December 1, 2025

Cohen’s $8B Casino Dream Next to Citi Field Wins State Support

The long-planned casino project is recommended for license approval.
November 24, 2025

How NBA Arena Experiences Went Ultra-Luxe

For the most connected guests, the game has become a secondary attraction.