University of Idaho looks to fully fund new arena

By  | 

MOSCOW, Idaho (AP) - University of Idaho officials are asking the State Board of Education to allow the school to loan itself $29 million for a new arena.

Image courtesy University of Idaho

If approved, the move will fully fund the Idaho Central Credit Union Arena.

The Moscow-Pullman Daily News reports university officials say they have identified most of the funds necessary for the 4,200-seat, $46 million project, including $25 million in pledges and donations.

Roughly $16 million of that total has already been collected, and the school hopes to generate another nearly $18 million by doubling student facility fees from $30 to $60 per year. The fee increase will be considered at the education board's April meeting.

___

Information from: The Moscow-Pullman Daily News, http://www.dnews.com

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)



 
Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus