USF board approves $340 million for on-campus football stadium

The University of South Florida’s Board of Trustees has finally approved a stadium plan to bring football games to the campus for the first time.

The stadium project costs $340 million, out of which $200 million has been funded through a 20-year fixed-rate loan, and the remaining amount of $140 million comes from the university’s funds. Planners believe that the five-tier stadium will increase game-day attendance and create new revenue opportunities.