Can a new college football stadium buy a seat at the table? Inside USF’s $340 million bet

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A New Era for South Florida Football: The Quest for an On-Campus Stadium

Introduction: A Vision for the Future

In September 2021, Will Weatherford, the chairperson of the University of South Florida’s (USF) board of trustees, stood under a white canopy adorned with green and gold balloons and made a bold proclamation. After 25 years of sharing the Tampa Bay Buccaneers’ stadium, the USF Bulls were finally going to have their own on-campus stadium. Weatherford’s announcement marked a turning point for a program that has long struggled to find its place in the competitive world of college football. While the declaration was met with excitement, it also revealed a significant challenge: there was no concrete plan, budget, or location in place. Weatherford, however, was undeterred, believing that sometimes, you must “speak things into existence.”

The proposed $340 million stadium is more than just a venue for football games; it represents USF’s ambitious bid to reclaim relevance in a sport where facilities and resources often dictate success. The Bulls have never won a conference title or appeared in a major bowl game, and as the college football landscape continues to evolve, the pressure to compete has never been greater. The stadium is seen as a potential game-changer, not just for the football program but for the university as a whole. When it opens in 2027, administrators hope it will transform USF’s identity, fostering greater school spirit, attracting top talent, and elevating the program’s standing in the eyes of conferences and fans alike.

A Stadium 70 Years in the Making

The idea of a USF football stadium dates back to 1957, three years before the university even opened its doors. At the time, county commissioners discussed zoning plans for a potential stadium in the northwest corner of campus, but university president John S. Allen opposed the idea, prioritizing academics over athletics. The site where the stadium could have stood is now home to buildings for continuing education and public health, with a Hooters restaurant just down the street.

The path to establishing a football program was not easy. It wasn’t until 1997, with the help of Hall of Famer Lee Roy Selmon, that USF fielded its first team, competing at the Division I-AA level. The Bulls played their early games at Raymond James Stadium, the home of the Tampa Bay Buccaneers, but even that arrangement was far from ideal. The team practiced on slanted fields until the NFL intervened to level them ahead of Super Bowl XXXV in 2001.

Over the decades, proposals for an on-campus stadium periodically resurfaced but never gained traction. Ideas ranged from building on an island between Tampa and St. Petersburg to constructing an 85,000-seat facility tied to Florida’s bid for the 2012 Summer Olympics. Yet, financial constraints and shifting priorities always stood in the way. While comparable programs like UCF, Houston, and Tulane successfully built their own stadiums, USF remained focused on academic achievements, such as earning preeminent university status and joining the prestigious Association of American Universities (AAU).

If You Build It…: The Risk and Reward

Weatherford’s 2021 announcement reignited the stadium debate, but it also underscored the challenges ahead. With no clear plan or funding mechanism, the project seemed as much a leap of faith as a strategic initiative. The proposed $340 million price tag represents the most expensive project in USF’s history, with $200 million to be financed through debt. The remaining funds will come from donations, capital reserves, and auxiliary revenue streams, such as parking and bookstore sales.

Despite the risks, USF leaders believe the stadium is a necessary investment. In college football, facilities are often seen as a measure of a program’s commitment to success. While there’s no guarantee that a new stadium will propel the Bulls into the upper echelon of college football, it is widely agreed that without one, USF risks being left behind. As Michael Leeds, an economics professor at Temple, noted, “Building it does not make it happen,” but not building it might guarantee it doesn’t happen.

The timing of the project is fraught with uncertainty. Rising construction costs, supply chain delays, and the advent of paying college athletes have reshaped the financial landscape of college sports. As some programs pause or scale back their facility projects, USF is pressing ahead, banking on the stadium to generate new revenue streams, such as ticket sales, naming rights, and non-football events like concerts. Athletic director Michael Kelly summed it up simply: “You can’t share revenue if you don’t have any.”

The Financial and Logistical Hurdles

The stadium project has sparked significant debate, both on and off campus. Faculty members have raised concerns about prioritizing a football stadium over academic facilities, citing issues like moldy classrooms and leaky roofs. The faculty senate’s president even cast the lone vote against the stadium budget, citing hidden costs and financial risks. Meanwhile, state officials have questioned the project’s revenue projections, which include ambitious ticket sales targets and other volatile income sources.

Construction delays have already pushed the project’s timeline back by a year, with groundbreaking now expected in late 2023. Weatherford has acknowledged that the final cost may exceed initial estimates, potentially reaching $400 million, but he remains confident that the project is feasible. Despite these challenges, USF administrators are undeterred, viewing the stadium as a long-term investment in the university’s future.

A Dream of National Relevance

For USF, the stadium is more than just a building; it’s a symbol of hope. The program’s history is marked by fleeting moments of success, such as its rise to No. 2 in the nation in 2007, but it has struggled to sustain momentum. With the stadium, administrators envision a different future—one where the Bulls can compete with power programs like Alabama and Florida, both on and off the field.

The stadium’s impact could extend far beyond football. It is expected to enhance student and alumni engagement, attract prospective students, and elevate USF’s academic profile. As demographic trends point to a decline in college-aged students, the stadium represents a critical tool for recruitment and retention. Colorado State, which opened its Canvas Stadium in 2018, reported its second-highest enrollment last year, with game days playing a significant role in attracting students.

USF’s leadership is acutely aware of the stakes. As conference realignment looms and the college football landscape continues to evolve, the Bulls are determined to position themselves for success. Whether through joining a power conference, securing better TV deals, or simply staying relevant in a rapidly changing sport, the stadium is seen as a necessary step forward.

Conclusion: Embracing the Moment

As the college sports world enters a new era of paying players, conference realignment, and potentially even super leagues, USF is taking a bold step to secure its place in the future. The stadium project is not without risks, but as Colorado State president Amy Parsons noted, “There’s a risk if you build it. There’s a risk if you don’t. And I would say in this landscape today, the risk if you don’t is even higher.”

For now, the stadium remains a dream—one that could elevate USF from a middling mid-major program to a competitive force in college football. While the path ahead is uncertain, one thing is clear: the Bulls are ready to seize their moment in history. As Weatherford said, “We don’t just want to be in the game. We want to be competitive in the game and win.” The next chapter of USF football is still being written, but with the stadium on the horizon, the possibilities are endless.

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