Penn State officials said Beaver Stadium could host more events, such as concerts, soccer and hockey, after a planned $700 million renovation.
Penn State's Beaver Stadium in April hosted the only Pennsylvania date of Luke Combs' "Growin' Up and Gettin' Old Tour," drawing more than 73,000 concert-goers to the home of Nittany Lions football. It was the largest crowd of Combs' tour to date and the largest crowd at Beaver Stadium for a concert.
"We looked at just repairing it, and there are more than $200 million worth of repairs needed for the stadium," Sara Thorndike, Penn State senior vice president for finance & business/treasurer, said in an interview. "And the problem with just going that route is, it doesn't generate any new revenue to pay for it."
"By making these renovations, Beaver Stadium would be one of the only multi-use entertainment facilities at this scale between Philadelphia and Pittsburgh," Kraft told the trustees. "The enhancements to Beaver Stadium will create significant new revenue and increase philanthropy opportunities that will allow us to reinvest funds into all of our student-athletes and allow athletics to continue to be self-supporting.
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