New Miami Arena Rumor

If he painted two digits on a single seat that would then be considered “numbers.”

"The Miami University Board of Trustees passed resolutions regarding a potential sports arena, a new major in quantum computing and possible investments at its Dec. 13 meeting.

Resolution for sports arena

After much discussion during the Board of Trustees finance and audit committee meeting on Dec. 12 regarding the sports arena, the Board of Trustees unanimously passed the resolution authorizing awarding contracts for architectural services for an amount not to exceed $3.5 million.

During the committee meeting, David Creamer, senior vice president for finance and business services, said the resolution included a budget plan that only covered schematic design. He added that plans won’t proceed until the board fully approves the arena project’s full budget, cost estimates and timeline.

The project will total a little more than $200 million, including the demolition of Millett Hall and improving the current site.

Overall, Creamer said the university has $7 million worth of debt funds available to be applied to the arena project as well as gift money. The debt service payments will amount to about $3 million per year and will come out of the university’s operating budget for roughly the next 25 years.

“Miami proposes that a new arena may be developed to serve the needs of the university and Oxford community better and more efficiently than the present Millett Hall,” according to the executive summary for the new arena. “The university suggests that the location of the new arena should be more centrally located to the campus in order to encourage and support economic development within the community and to better serve the students and staff that use the arena.”

The finance and audit committee also discussed the potential new hotel during the Dec. 12 meeting. However, no resolution was made regarding those plans.

“One of the things that the site committee will consider is the potential impact of the hotel if it were to be constructed on [Cook] field,” Creamer said. “… We have to determine how to continue to provide the intramural and play fields for students at Cook field … [but] the opportunity to still construct an arena on the site is still there.”

Creamer said placing the hotel and arena next to each other isn’t out of the picture, either. Both projects are led by the same site committee selected by President Gregory Crawford.

In January, the committee will narrow down 10 locations to roughly two to four, and then share the selections with the community for them to supply feedback. By February, Creamer said a location should be selected."

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I’m sorry but almost A QUARTER BILLION dollars?!?!

Yep. Over 200 million for this project. And did you see how little of the money Miami actually has?

For reference, the clinical health building was started before 2020 and cost $96 million (165,000 sq ft).

200mil in 2025 doesn’t sound crazy depending on what it all includes.

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How much did the data science building cost?

I read $3m annually for 25 years?

All things considered….id rather see 10% of that retrofit Goggin and spend the other $180m to become #1 in something academically

$100m isn’t crazy if it puts your program into the top tier of your peer group. Did that spend land us a top 3-5 position amongst clinical health programs?

If not, a waste of money in my opinion

These fuckers seem to be playing with Monopoly money. And yeah, stay the fuck off my lawn! :laughing:

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Doesn’t seem crazy at all when it includes demolition of Millett and site improvements.

Read: they’re building a casino at Millett!!!

I for one would be delighted.

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A casino where the house take goes into Miami’s NIL? :wink:

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I’m guessing Central Michigan could pull that off. Their campus is either on or adjacent to the Chippewa reservation.

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58 million but 20 million of that came from the McVey family.

And that was just the cost of the building. The quoted cost here includes the demolition and cleanup of Millett.

Also, @Bluesman, they only mentioned how much the university has to immediately contribute, but didn’t specify the amount donated so far.

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I’m worried when we build this new arena we won’t have enough seats to accommodation the crowds when we play teams like Defiance, Maryland Eastern Shore, Bethany, Sacred Heart, etc…

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Make the Miami tribe the owners……

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We’d have to move the campus to Oklahoma.

Thanks for that. Helpful.

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