The University of South Carolina is proposing to renovate its football stadium in Columbia and surround it with new retail and residences in the latest energy across the United States that brings together sports facilities and business development.
The 35,000-university student university sent requests for info to 16 personal organizations with a deadline of March 7. Design could start out as shortly as early 2024.
The college sent the ask for for information to developers and building corporations such as nationwide corporations AECOM, Avison Young and JLL, Columbia-spot developers and community regulation companies.
The faculty said in the ask for it desires the businesses to propose “current market-based mostly pricing structures and explain probable providers or solutions.”
University officials estimated the proposed improve of Williams-Brice Stadium and the combined-use enhancement could be valued at about $1 billion, according to media stories.
Skilled sporting activities franchises and schools have ramped up efforts to secure new stadiums to entice extra lovers and crank out additional profits. The Nationwide Soccer League’s Chicago Bears, Major League Baseball’s Kansas City Royals and Northwestern University of the Major 10 Convention are all pursuing new stadiums positioned among new apartments, shops, restaurants, concert halls and workplace structures.
The South Carolina Gamecocks football team performs its household games at the 77,559-seat Williams-Brice Stadium. When the stadium is one of the major in school soccer, it was designed in 1934 and lacks modern-day features like expanded eating alternatives, luxurious suites and larger supporter concourses.
The college owns about 800 acres of undeveloped land among the stadium and the Congaree River and yet another 17 acres in close proximity to Colonial Lifestyle Arena where by its basketball teams engage in.
The university programs to request non-public donations and wishes to reach possibly a grasp development agreement or a ground lease as element of the proposed funding prepare.
The school’s athletics office did not launch aspects of its progress approach.
At the very least some of the undeveloped acreage in the vicinity of the stadium is situated in a flood plain and the university did not supply specifics on how or no matter if it will build in that spot, according to The State newspaper in Columbia.
The stadium and industrial redevelopment will not include things like the Point out Fairgrounds, located future to Williams-Brice Stadium, which is owned by a nonprofit group.