Colorado stadium now $24 million over budget

The Colorado Buffaloes are doing all they can to get back into contention in the world of college football. In 2016, they have a lot of their starters returning with transfer Davis Webb ready to take over the starting quarterback role.

They are doing some major renovations to their stadium and facilities which could do wonders for bringing in more recruits over the next few years. However, the renovations are currently at $166 million, which is $24 million over the school’s budget.

According to DailyCamera, the Buffaloes are out looking for additional funding for the project. They have asked for $6.3 million to complete the additions to Folsom Field.

The project was introduced in December 2013 and has continued to rise since then. It was introduced at an original price of $142 million and rose by $13 million in the following August.

The school needs to do something and quickly if they don’t want this to raise anymore. Regents at the school don’t seem too happy with the price raising so much.

“I know and I appreciate all the work the campus has done in making sure this doesn’t happen again, but $24 million is a lot money,” Democrat Regent Steve Ludwig said. “It really makes me sick.”

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*Featured Photo (above) credit to USA Today Sports

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