It's in the package with the rector field house efforts
ITs a package of things, including English field, rector field house renovation, and tennis center renovation.
Even if the project is approved, the BOV reviews initial design, and final design. So its in progress.
There are 2 aspects of the studio. 1) is construction and thats actually pretty cut and dry. which is either build new are carve out an area in an existing facility.
The second aspect is that VT will be responsible for staffing the studio just like espn .With hosts, camera staff producers and technicians. That comes out of VT expenses. VT has to set up an organization, hire folks and get them proficient and ready to produce content and deliver productions for the ACC network.
Sidebar, this is how ESPN is cutting costs, the ACC games (like the SEC games) will basically be an outsourced staff to the conference and feeding ESPN. ESPN expenses is just rights, no personnel, no equipment etc.