The UC Board of Regents signed off on the renovation and seismic retrofit of UC Berkeley's 87-year-old Memorial Stadium, which straddles the Hayward Fault. The project will reduce seating from about 72,000 to 63,000 and upgrade restrooms, food service and public safety facilities. The project is expected to begin later this year and be completed by the start of the 2012 football season. The stadium will be closed during Cal's 2011 season, when the team will play at another location. UC officials say the project will be funded mainly by sales of long-term rights to about 3,000 stadium seats and that no state money will be used. Copyright 2010 by The Associated Press ************* Very interesting. This looks to me like they're spending $300 MM in order to make less money. That stadium is a dump and needs to be fixed, but they're losing 9k seats and sacrificing the 2011 home slate. Plus, you'd have to think that if people paid $50k+ per seat for long-term rights on 3k premium seats then they're not paying the regular ticket price for those seats going forward. I hope Bohn studies this in depth and learns something valuable from it. CU is going to need to look at a Folsom, Dal Ward & Balch project at some point in the near future. The Cal plan may offer some ideas since they pulled it off without using state money, but I'm skeptical that it's the exact right model.