University of Richmond Athletics
On-campus Stadium Fund-Raising Passes Goal Of $20 Million
12/19/2006 | General
Dec. 19, 2006
UNIVERSITY OF RICHMOND, Va. -
The University of Richmond has passed the $20 million mark in its fundraising campaign to build an on-campus stadium, university officials announced today.
The cost for the new stadium is estimated to exceed $20 million and the university will continue to raise additional funds. Prior to moving forward with the project, the university will seek approval from the city of Richmond's Planning Commission and City Council.
"The university is now proceeding with a concept study to produce architectural renderings to more clearly define the scope of the project," said Richmond Athletic Director Jim Miller. "These renderings will be used in the university's presentations with our neighbors, the community at large, and the governmental approval process as well as in additional fund raising efforts."
In fall 2005, an anonymous donor pledged $5 million to help Richmond build the stadium. The donation was subject to $10 million being committed by alumni and friends by December 31, 2006 and the university providing an additional $5 million match. The $10 million fundraising challenge has been successfully met.
As part of the Spider Athletic Initiative, Richmond proposes to build the on-campus facility on the site of First Market Stadium, adjacent to the Robins Center. The multipurpose stadium, which will seat approximately 9,000, will be for use by Richmond's soccer, track, lacrosse and football teams. The Spiders have played home football games off-campus at city-owned University of Richmond Stadium since 1929.
