Friday, May 22, 2026

Schools Spending Hundreds of Millions on Facilities

  • Iowa State is the latest school to level up with a game-changing construction project.
  • The school has unveiled plans to build a $200 million entertainment and retail development.
Iowa State University

Iowa State is the latest school to level up with a game-changing construction project.

The school has unveiled plans to build a $200 million entertainment and retail development between its football stadium and basketball arena. 

“Our goal has been to develop something unique to Ames while helping our community support, attract, and retain students, businesses, visitors, and new residents,” said athletic director Jamie Pollard.

  • The development will be called CYTown and located on a 3-acre site.
  • It will have an amphitheater, luxury suites, a public plaza, retail, and office space.
  • The project is pending approval from the Iowa Board of Regents.
  • It will be funded mostly from “land monetization opportunities,” per Iowa State. 

CYTown, which has a target completion date of August 2025, will be part of a development project at Iowa State that included $60 million in upgrades to the Stark Athletic Performance Center. 

The 130,000-square-foot facility is the main academic and training resource hub for Iowa State athletes.

The school has also spent $50 million to build the Sukup End Zone Club at Jack Trice Stadium and $30 million for the facility’s Albaugh Family Plaza and Concourse, among other upgrades. 

Not Alone

Florida officially opened its new $85 million football headquarters in August. The 142,000-square-foot facility has a state-of-the-art locker room and training center.

Boise State also announced more than $300 million in future renovations to the Athletics Master Village — the school’s main football complex. As part of the upgrades, the complex will receive a new weight room, dining hall, and “premium” seating.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Most Big 12 Schools Turning Down $30M RedBird Credit Line

11 schools say they’re declining the money. They have a one-year window.

Top Transfer Audi Crooks Picks Oklahoma State in Surprise Move

Crooks played her first three seasons at Iowa State.

Iowa State Star Audi Crooks Enters Transfer Portal

Crooks, an Iowa native, has one year of eligibility remaining.
Construction on the Northwest corner of EverBank Stadium continues with construction during a press conference at the Miller Electric Center, Wednesday, Jan. 14, 2026, in Jacksonville, Fla.

Jags to Play 2027 Season in Orlando While Stadium Work Continues

The NFL team completed the long-expected deal for the temporary relocation.

Featured Today

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still on the line.
Texas State mascot
May 22, 2026

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.
Charlie Pliner and Nikolas Rohrmann
May 22, 2026

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
May 14, 2026

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).

Rays $2.3B Stadium Plan Survives Narrow Tampa City Council Vote

The Tampa City Council narrowly approves a non-binding stadium agreement.
May 4, 2026; St. Petersburg, Florida, USA; Tampa Bay Rays left fielder Chandler Simpson (14) greets right fielder Ryan Vilade (26) at home plate after hitting a three-run home run against the Toronto Blue Jays in the first inning at Tropicana Field.
May 15, 2026

Rays Reach Preliminary Agreement With City, County on Ballpark

The stadium would be located near Raymond James Stadium, home of the Buccaneers.
May 20, 2026

Political Sparring Intensifies Over Bears’ $5B Stadium Future

The stadium saga is the center of a growing political fight.
Sponsored

How Microsoft and the Premier League Are Making Fans Feel Closer to the Game

The Premier League reaches fans in 189 countries. Now, with Microsoft, it is making global fandom more personal through AI.
Sponsored

Fueling Dreams with Spectrum Business

Behind every league, team, and major event are the communities and small businesses helping power the business of sports.
Cleveland Browns players Denzel Ward and Carson Schwesinger, left, join with others as they take part in the ceremonial groundbreaking for the new Huntington Bank Field in Brook Park, Ohio on April 30, 2026.
May 1, 2026

Browns Break Ground on New Stadium, but Funding Still in Limbo

State and local funding for the planned venue is not yet solidified.
April 22, 2026

Royals’ New $3B Stadium Lands Downtown, but Not Where Expected

The MLB club strikes a large-scale development deal with Hallmark Cards.
April 21, 2026

Illinois Lawmakers Race to Advance $5B Bears Stadium Plan

State legislators race against the clock as a stadium decision nears.