University of Idaho looks to fully fund new arena

Posted at 4:09 PM, Mar 13, 2019
and last updated 2019-03-13 18:09:01-04

MOSCOW, Idaho — University of Idaho officials are asking the State Board of Education to allow the school to loan itself $29 million for a new arena.

If approved, the move will fully fund the Idaho Central Credit Union Arena.

The Moscow-Pullman Daily News reports university officials say they have identified most of the funds necessary for the 4,200-seat, $46 million project, including $25 million in pledges and donations.

Roughly $16 million of that total has already been collected, and the school hopes to generate another nearly $18 million by doubling student facility fees from $30 to $60 per year. The fee increase will be considered at the education board's April meeting.