The University of Maryland has raised half of its private fundraising goal for construction of a $155 million indoor football facility and academic research center, with the first phase of the project expected to be finished by next May, University President Dr. Wallace Loh said Wednesday.
Construction of the ambitious project to repurpose Maryland’s former basketball arena, Cole Field House, into a football facility, sports medicine center and entrepreneurial lab has been underway since last year as funding has continued to roll in, with the school currently holding $51 million in private donations. Loh expects to raise another $49 million from private donors, with the rest of the $55 million expected to come from state and university funds.