As expected, the cost of the new IPF is projected to run about $30 million.
Also as expected, Greg McGarity wants you. Er, your checkbook.
The board approved a cost of $30.2 million for the project, half drawn from the athletics department’s reserve fund, and the other half via fundraising…
The Board of Regents, which oversees all state universities, still must formally approve the project in a few weeks. But UGA can now start a full-fledged fundraising campaign now that the project has been formally green-lighted.
McGarity said there were already some “verbal pledges” for the project. Ideally the facility would be named for someone who provided a large donation.
“That’d be very nice,” McGarity said. “That is a priority.”
And if they can raise more than half on the side, that would be cool, too.
In fact, McGarity added, they would hope to raise even more than $15.1 million, as there are other facility projects for other sports the school hopes to build. Any extra money from the football facility fundraising could then be put toward those other projects.
Hopefully, whatever those “other projects” might be, they’ll have a longer shelf life than this one did.
The team’s current, smaller facility, which was built less than a decade ago, will be demolished to make room for the new facility.
Old IPF, we hardly knew ye.