Florida Board of Governors Approves FAU's Funding Plan - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Florida Board of Governors Approves FAU's Funding Plan

Posted by Paige Bresky --email

BOCA RATON, FL (WFLX) ---  The Florida Board of Governors (BOG) unanimously approved a resolution Thursday authorizing Florida Atlantic University to finance a portion of the construction of a 30,000-seat stadium and associated improvements on its Boca Raton campus.

The BOG approval follows the FAU Board of Trustees' unanimous approval of the project and its financing plan on July 21, 2010.

"This is such an exciting moment in FAU's history and will certainly benefit FAU students, faculty, staff, alumni and the South Florida community for years to come," said Nancy Blosser, chair of FAU's Board of Trustees.

"We are grateful to the Board of Governors for their support of this tremendously important project."

The planned stadium is the centerpiece of FAU's Innovation Village, located in the north central area of campus.

Home to the Owl football team, the open-air stadium, a $70 million project, is slated to feature 20 luxury suites with 1,000 club seats, and the latest, state-of-the-art amenities. Construction of the project is expected to commence in October 2010 and is anticipated to be completed and available for use in the Fall 2011 semester.

"What a great day to be an FAU Owl! The new FAU stadium will undoubtedly heighten the traditional university experience for our students and all members of the FAU family," said FAU President Mary Jane Saunders.

"FAU is becoming a 'first choice' university for an increasing number of students who seek the traditional American college experience."

"The stadium will provide a wonderful opportunity for us to come together as a community, building traditions and enhancing the university experience," said Head Football Coach Howard Schnellenberger.

"The FAU Owls two-time bowl-winning football team will truly be playing their games before a 'home' crowd. It's an amazing time for the university!"

Innovation Village serves as a unique gathering area for alumni, students, faculty, staff and members of the greater community to live, learn, dine, shop, have fun and build tradition.

A part of Innovation Village, the student recreation/fitness center and the Marleen and Harold Forkas Alumni Center opened in 2009.

A student housing facility is under construction and is scheduled to open Fall 2011. The planning continues for the retail area associated with Innovation Village.

For more information, visit www.fau.edu.

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