Beaver Stadium renovation enters year two as athletics debt climbs
UNIVERSITY PARK — Penn State is now deep into the second year of the most ambitious stadium overhaul in college football history, and the financial picture surrounding the project continues to grow more complex. According to NCAA financial disclosure reports, the university closed fiscal year 2025 with $534.7 million in athletics-related debt, a dramatic increase tied directly to the ongoing Beaver Stadium Revitalization Project. The figure represents more than a threefold jump from the previous year’s $163.1 million, placing Penn State ahead of every other major athletics ...