KNOXVILLE, Tenn. — The Tennessee Board of Trustees has approved an updated $180 million first phase of renovation for Neyland Stadium.
This full board approved the project Friday after it passed the athletics committee Thursday . It still must receive approval from the state’s building commission before renovation of the Volunteers’ 102,455-seat home football stadium can begin.
The board of trustees and the state building commission earlier approved a $106 million first phase of construction for what at the time was a three-phase project totaling $350.5 million. Planners since have made it a two-phase project totaling $340 million, with the first phase costing $180 million.
The approval process for the second phase begins later.
This renovation would be funded by donations, the athletic department’s operating revenue, corporate partners and budgeted debt service.