The University of South Alabama Board of Trustees Tuesday released its findings after studying the financial, logistical and infrastructural possibilities for building a football stadium on campus. They've determined the most logical site is the current intramural fields near the football field house. The stadium would hold 25,000 fans, with the option to expand, and cost in the ballpark of $85 million to $115 million.
USA President Tony Waldrop said in Tuesday's release this tells him that an on-campus football stadium is feasible. However, funding is needed.
"We also know that construction of a stadium can only be achieved with the assistance of external financial partnerships and significant philanthropic support. We will continue to examine possible models for financing, but at this time the University has not identified sources of funding that would allow us to advance to the next stage of planning," he said.
We first told you back in September that the board would decide if the stadium was feasible.
USA currently uses Ladd Peebles stadium for home games. Cost per game range from $40,000 to $60,000, according to USA spokesman Bob Lowry.
The Jags play Mississippi State September 3, at Mississippi State. Click HERE for the team's full schedule.