U. trustees approve $39.1M upgrade to Rice-Eccles suites
The project will add suites and two clubs and relocate the press box, with the first phase due in August 2027 and funding drawn from the university's private equity deal.
Based on reporting by Salt Lake Tribune: Sports. Read the original story →
The University of Utah board of trustees on Tuesday approved a $39.1 million renovation of Rice-Eccles Stadium aimed mostly at premium seating, the Salt Lake Tribune reported. [1]
A presentation to trustees put construction costs at $27.56 million, with about $12 million more for design, legal, insurance and other soft costs. The U. and Crimson Brand Partners, the university's new for-profit company, will pay for the work with capital expenditure money from their recent deal with New York private equity firm Otro Capital, a source told the Tribune. [1]
Plans call for refreshing suites on the stadium's fourth and fifth levels, adding six suites and a club on the sixth level, and building a new field-level club. The press box, now in the sixth-level west tower, will move to a spot not yet chosen. [1]
The university has started seeking architects and engineers, and the first phase is expected to be finished in August 2027. The project description said the upgrades would improve the VIP experience and food service and raise premium revenue. [1]
Sources
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