Texas Tech is preparing to change and recharge its stadium fund-raising push in the next two weeks in an effort to meet its sales goal deadline on July 14, according to school officials. Tech will meet that day with the state's higher education coordinating board, hoping to gain the approval required to begin the second phase of the Jones SBC Stadium renovation project.
Tech also plans to target more scholarship donors in an attempt to meet their goal.
If they don't meet their target by the time of their meeting in Austin, it will become more likely, but not certain, that the stadium project will either suffer a delay in construction or be required to cut back the plan for the second phase of renovations. There are private gifts out there, and we're working on a lot of funds. If we don't meet the club seat goal, we'll calculate our financing plan and see where we are at that point. It's a bond deal, and we'll have to convince the bond partners it will be a rational financial plan. So far, Tech has received commitments for 231 club seats.