USF is building a $340M on-campus football stadium despite concerns academics are being left behind

TAMPA, Fla. (AP) — When the University of South Florida kicked off its first football season in 1997, the program's offices were headquartered in a glorified trailer on campus known as the “Ponderosa.” Back then, the Bulls played their games miles away in Tampa Stadium, affectionately called the “Sombrero” for its curved shape.

That stadium is long gone and since 1998 USF has played at cavernous Raymond James Stadium, home of the NFL's Tampa Bay Buccaneers and host of three Super Bowls. They've drawn some big crowds for major opponents but often struggle to fill even half the 75,000 seats. The school also has no control over such revenue streams as parking and concessions.

Everything will change in 2026, when USF opens a $340 million, 35,000-seat stadium of its own on the eastern edge of the Tampa campus, university officials say. It'll be easier for students to access, become a focal point for alumni and school benefactors, improve football recruitment and possibly propel the Bulls into a major conference, they say.

“We just completed our 26th year of playing football,” Athletic Director Michael Kelly said in an interview. “It's just the right time and stage in our evolution.”

Yet there are some doubts about financing the stadium with a $200 million loan and a variety of other sources that school officials point out do not rely on taxpayer dollar. These include: $50 million in advances from future capital gifts, $31 million from the school’s Capital Improvement Trust Fund, $34 million in proceeds from a 2017 FCC auction and an estimated $20-$24 million from the sale of educational broadband service licenses.

Some faculty and students — noting that USF just became a member of the academically prestigious Association of American Universities — wonder if the money might be better spent on academics and other needs.

“It's a huge endeavor. We build buildings without something like this. And so the funds being diverted from other academic sources are very concerning to us,” said Jenifer Jasinski Schneider, a literacy studies professor who is president of the Faculty Senate and voted against the debt plan at a June meeting.

Recent USF graduate Ben Braver said he's a huge Bulls football fan and attended every game possible. Like many other students — USF has about 50,000 on three campuses — he said the new stadium sounds good but the amount of money being spent gives him pause.

“I would have loved to have had a stadium when I went to USF,” Braver said in an interview. “But we need more investment in student life and less investment in stadium life.”