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SU Gives Its Ideas For New Stadium

SU Gives Its Ideas For New Stadium

Syracuse, N.Y.- Syracuse University has reportedly responded to the mayor of Syracuse on what the university would like to see if out of the Carrier Dome’s replacement.

The 44,000 seat sports arena with a retractable roof was put on the back burner earlier this month following questions raised by Syracuse mayor Stephanie Miner.

Some of the key points in SU's stadium concept as outlined in an article published by the Syracuse Times-Union include

  • A $495 million cost for a 44,000 seat arena with retractable roof. The amount does not include parking or land acquisition.
  • Additional development of a 250-room hotel, over 160 apartments and 150,000 feet of retail space
  • No plan for use of the current Carrier Dome or its site
  • The university would be a tenant, not an owner
  • Four years for construction of the stadium
  • A public-private financing plan with investment from the state, Onondaga County and the private sector, including SU.
  • Annual capital improvements estimated at $1.5 million. The cost of that and the annual operating expenses would be funded directly by stadium revenue
  • The favored site is the former Kennedy Square public housing property.
  • The facility's operating budget would pay for the extra police, fire and other public services needed

In Thursday night’s state of the city address Mayor Miner announced that in the coming days she would be forming a task force to begin looking deeper into the building of a new athletics facility.

 

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