Arizona State University plans to spend a combined $135 million on renovating Desert Financial Arena and constructing a new football practice facility adjacent to Mountain America Stadium over the next three years.
The projected costs and timelines were presented to the University Governance and Operations Committee of the Arizona Board of Regents, which on Sept. 11 approved ASU’s Capital Improvement Plans for fiscal years 2027-30.
Arena renovations are projected to take up $100 million of the cost, with construction for both projects involving the athletics department scheduled to start in January 2027. Planning will begin early next calendar year.
Both athletic department projects are funded by system revenue bonds, which suggests revenues made at the facilities will help fund the projects themselves.
Among the planned renovations for the basketball arena are new video boards along with improvements to locker rooms, ADA access and restrooms. Upgrades to the roof, HVAC and electrical and fire safety systems are also included. The exterior plans for “a new Sun Devil Walk, statue garden, plaza, desert arboretum park and monument wall.”
The project has a projected finish date of December 2029.
The football practice facility is listed as the school’s top priority on its one-year capital plan for fiscal year 2027. It will convert an existing parking lot next to Mountain America Stadium to a turf field with covered protection from the sun.
It’s meant to cut down travel time between the weight and meeting rooms at Mountain America Stadium and practice, which currently involves a half-mile trip across Rural Road.
The new structure will be used as a “Fan Zone” to host events.
The team is aiming for the project to be completed by February 2028.
The funding is part of the university’s plan that amounts to $312 million total for 2027.
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