University of Washington
Published September 24, 2012
|Washington will have a completely rebuilt stadium but keep
its iconic site on the shore of Lake Washington.
Photos by:UNIVERSITY OF WASHINGTON
Project cost: $250 million
Renovation designer: 360 Architecture
Last major renovation: 1987
The two-year construction project is halfway done in Seattle,
with structural steel completion set for Oct. 3. The Pac-12 school is
essentially getting a new stadium at the spot where its old one sat,
at one of college football’s most beautiful settings on the shores of
Lake Washington. The project is adding 25 suites, 45 patio suites
and 2,500 outdoor club seats on the stadium’s south side.
Where it stands: School officials took a conservative approach
for suite development, said O.D. Vincent, Washington’s senior associate
athletic director; total premium inventory represents only
6 percent of total seats. “We knew we weren’t going to sell 100
suites ringing the bowl,” he said. “I think we have the right number
of premium seats.” When the project is completed, stadium seating
will be reduced to about 70,500. The loss of 2,000 seats were mostly
obstructed views, Vincent said. The running track circling the field will
be removed, bringing fans much closer to the action in what is already
one of college football’s loudest stadiums. Washington plays home
games this season at CenturyLink Field before moving back to Husky
Stadium next season.
Premium seat details: Suites (18 seats) $60,000 annually for
three or five years; 17 of 25 sold in early September. Patio suites (logestyled
product) $10,000 annually for four seats, $15,000 annually for six
seats, both for three or five years; sold out. Club seats $1,050-$1,950
annual donation plus cost of season tickets; sold out. Parking passes
included, food and drink a separate cost for all premium seats.
Financing: The university is marketing 12 founding partnerships
to help pay for construction. Two deals
offer naming rights to the field and the new
club. Project funding is split among $50 million
in private donations and $200 million
financed through the sale of 30-year bonds.