The funding, which will come from a $75 million bond made possible by WVU's guaranteed annual revenue from the Big 12 Conference and its multimedia rights contract with IMG College, $25 million from private fundraising by the Mountaineer Athletic Club and an additional $6 million from the contract with IMG that will add up to four LED boards at Milan Puskar Stadium, graphics along the football stadium walls and a Coliseum marquee at the intersection of Monongahela Boulevard and Patteson Drive.
Many of the projects, which will stretch across all of West Virginia athletics, would not be possible if not for WVU's move to the Big 12.
"When we joined the Big 12, we began realizing that although we had nice facilities – and we still do in many cases – we are now competing against the very best in the country," Luck said.
"If you look at the Big 12 payouts we get from FOX and ESPN and compare those to what we would get in the Big East, I don't think it takes a PhD in mathematics to figure out. It's given us the financial capacity to go out and do this bond."
The majority of the funds for this projectwill go toward renovations at Milan Puskar Stadium. The initial projects will be to build a new team room in the Milan Puskar Center and renovation and expansion projects of the stadium's East, West, North and South concourses, restrooms, entrance gates and concessions.
The funds for these projects will be funded by the bond. The new team room, will be completed by the middle of December while the renovations to the stadium will likely begin at the end of the 2014 WVU football season.
At the Coliseum, where there will be plenty of room thanks to the College of Physical Activity and Sports Sciences scheduled to move into a new building by July 2014, WVU will be dedicated its resources toward adding to the number of restrooms and concession stands at the venue in order to make it more fan-friendly.
Luck said that as it is now, the Coliseum is 102 restroom units and 21 concession units short of federal standards for a venue of its capacity.
"I think the facilities at the University for athletics were all good, there's no question about that," Luck said. "I just think that any building that gets to be 35 or 40 years old, much like a home or dormitory or anything else, needs some rejuvenation and needs updates.
"Fans expect more, and they should expect more because we're charging them more money, when they go to a ball game. They expect more than they did when the new Mountaineer Field opened in 1980 and the same can be said about the Coliseum."
In addition to the renovations for football and basketball, the master plan includes renovations and a new indoor track at the Shell Building, additional home and visiting locker rooms for visiting teams – including at Dick Dlesk Soccer Stadium – and weight rooms. There will be renovations to the WVU Natatorium and tennis courts and the project includes the repurposing of Hawley Field, which Luck admits they do not currently know what the plan for that will be.
The plan does not include the $20 million baseball stadium in Granville that will be the home of the West Virginia baseball team as well as a Minor League Baseball franchise. Luck said that project was on track to open in February next year.
With all of this plan, Luck said WVU has kept two things in mind that it is looking to improve.
"A good bit of this is really for fan enjoyment. It will enhance the fan experience and certainly it will help our student-athletes," Luck said. "We've done a good bit for many of our student-athletes, but we still have plenty of work left to do."
Oliver Luck shares the approved plan with the media.
Oliver Luck details the plan