A&M announces partnership with city for Kyle Field re-development
UPDATED: Wednesday, January 16, 2013 - 8:31pm
COLLEGE STATION, Tx (KYLE) — Questions surrounding the future of Kyle Field have been swirling around Aggieland for months now but today Texas A&M officials made a big announcement about the renovation project.
After an all around record breaking football season, both on and off the field, the Texas A&M System now has their full attention focused on re-developing Kyle Field.
"We look forward to a major project, probably the largest project ever done at Texas A&M University, and perhaps the largest in Texas for a university to be involved in," said President R. Bowen Loftin.
Wednesday afternoon university and local government officials were all on hand to make an important announcement regarding the future renovations - a partnership between the university and the city of College Station, ensuring all home games remain at Kyle Field throughout the re-development process.
"This is just one more example, a big example, of working together for common good," said Loftin. "To be able to craft a way that the community benefits from, as well as the university."
The city of College Station has agreed to allocate unused hotel occupancy tax funds to the Kyle Field project.
There will also be a three quarters of a percent county-wide HOT tax increase, which would generate enough money over the next 30 years to help cover the construction debt.