Virgninia State in Ettrick (D2 school betweenRichmond and Petersburg) just broke ground on a convocation center that will hold 5100.
Price tag is $84 million.
Like Will said, an arena with similar capabilities as VSU's or VCU's for VT will end up holding about 8000-8500. Adding in all the ACC level bells and whistles, price tag in today's dollars is likley in the $125-$150 million range.
Looking forward to TSL buying the naming rights!
BCS level college football is a resource war, not a morality play.
I'm sure there's some "wow" factor for a new building in recruiting, but the practice facility matters more in that regard. The "wow" that matters in the arena is that it's a fun environment...which, again, has much more to do with winning that with how new the building is or how many bells and whistles it has.
Don't get me wrong, having a new building is nice and makes a positive statement, but "we need to show we're serious" seems like a pretty empty justification for a $100MM investment.
And I'm certainly in the "we have enough capacity" camp...I think shooting for anything more than what we have now would be a mistake.
Duke on the other hand, built a multipurpose facility (Michael W. Krzyzewski Center) which includes 2 full length basketball courts in the center for both teams to practice on.
From a financial standpoint, it might have made more long term sense if the Hahn Hurst had either been incorporated in a new basketball arena or a multipurpose facility instead of being strictly for the basketball team. However, for a "football school" it may be necessary (even if only for the time being) to build new facilities strictly only for the basketball program as a way to change the public's perception of the school. I am not suggesting there is 1 magical blueprint on how a school changes its image because each school's situation is different (location, academic standards, etc). Besides, it would make life less exciting if everyone did things the same way.