A $102 million stadium expansion project will allow more Scarlet Knights fans to see Rutgers University football games first hand as school officials yesterday approved $72 million of borrowing to fund the project.
Only increased ticket sales will back the bonds, and not tuition hikes or additional student fees, according to a Rutgers press release. Gov. Jon Corzine and Sen. Raymond Lesniak, D-Union, in December announced they would lead a fundraising campaign for the additional $30 million that is needed. Corzine will chip in $1 million towards the expansion project, with Lesniak committing $10,000 of his own funds.