The nod of approval doesn't definitively mean a new football stadium will appear on the Fort Collins campus in two years. Instead, the board authorized President Tony Frank to:
• Embark on fundraising efforts for stadium. The initial goal is to raise at least half of the proposed $246 million stadium cost.
• Go forward with a program development plan and add the stadium to the campus master plan.
• Submit a financial proposal to the governing board.
• If the fundraising goal isn't met by October 2014, Frank should be prepared
• Work with the community to minimize impact, should the stadium go up.
• And ensure a future stadium would be "fully compliant" with CSU's long-term plans for growth.
If CSU hits the philanthropic fundraising target in two years, Frank is asked to update the board with . At that time, if they chose to proceed with the project, board members would look at what type of bonding the system would incur and the debt service that would match up with revenues that have at that point in time, Chair Joseph Zimlich said.
Though there are supporters in the community, not one person spoke in favor of the proposed on-campus football stadium this morning at a meeting of the university's governing board.
During public commentary, more than a dozen CSU faculty members, students and Fort Collins residents urged members of the CSU System Board of Governors to vote down President Tony Frank's conditional approval of the project. No supporters spoke.
"Turn a soft yes into a hard no," said Bob Vangermeersch, leader of Save Our Stadium Hughes and an opponent of the on-campus stadium project told board members. "We are depending on you."
Opponents laid out a long list of concerns, should the Board of Governors give Frank the go-ahead to build the proposed $246 million, 43,000-seat stadium. There's the potential for noise, pollution, traffic snarls and parking challenges.
Others reiterated the long-talked-about philosophical debate about the importance of athletics versus academics, and others still brought up qualms over financing.
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