Item C-14.50 | First Year - FY2017 | Second Year - FY2018 |
|---|
|
|
| New Construction: Reconstruct the Stadium at Foreman Field (18303) | $0 | $55,000,000 |
| Fund Sources: | | |
| Higher Education Operating | FY2017 $0 | FY2018 $10,000,000 |
| Bond Proceeds | FY2017 $0 | FY2018 $45,000,000 |
Old Dominion University is authorized to reconstruct the Stadium at Foreman Field. Any debt service for the project that is supported by subsidy may be excluded from the subsidy calculations defined under § 23.1-1309 A., Code of Virginia. The institution shall not raise athletic fees to support the construction of this facility.