Colorado State University received approval yesterday to move ahead with a fundraising campaign for a new stadium on campus. The CSU System Board of Governors voted to affirm a recommendation from CSU President Tony Frank to raise private support for at least half the cost of the proposed $246 million stadium. In addition to an aggressive campaign to raise money, the university will move ahead with detailed planning for the stadium project.

'President Frank set a two-year fundraising window based on the deferred maintenance needs at Hughes Stadium, which requires a minimum of $30 million in maintenance over the next decade. If a viable financing plan for the new stadium cannot be achieved within two years, the fundraising efforts will be suspended so the university can make the necessary investments in Hughes so that it remains a sound venue for CSU football.'

Source-Press Release