BOZEMAN – Montana State University has achieved its $8 million fundraising goal for the expansion and upgrade of Bobcat Stadium, and now the nonprofit MSU Foundation wants $2 million more so the entire project can be built next year.
MSU President Waded Cruzado has said if $4 million can be raised from private donors before the ‘Cat-Griz rivalry game Saturday, the university will match up to $4 million with its own debt financing. MSU plans to cover debt with increased football ticket sales.
Cruzado is set to present the full $10 million stadium plan to the state Board of Regents on Thursday.
The $8 million would pay to upgrade some of the stadium’s facilities and replace the southeast bleachers with 4,500 new seats. The additional $2 million would add seats in the corners to create a more bowl-like look, and increase the number of new seats to 7,200.