USF Announces Details for $340M FB Stadium

The University of South Florida announced Thursday when it will break ground on an on-campus football stadium. University officials say the groundbreaking will be held this fall during Homecoming Week, Oct. 14. The stadium is expected to be completed in time for the 2027 football season.

In December, the USF Board of Trustees approved the $340 million stadium. During the same meeting, USF approved a $200 million loan with Truist Bank at an interest rate of 6.48% to help pay for the stadium. USF plans to fund $140 million of the stadium through fundraising donations, the sale of broadband equipment/licenses and other auxiliary accounts. 

Earlier this week, it was announced that the team of Manhattan Construction Co., H.J. Russell & Co. and DuCon LLC will manage construction of the stadium. The team currently plays its football games at Raymond James Stadium, sharing the field with the NFL Tampa Bay Buccaneers.