U of I asking to loan itself money for new arena

    U of I asking State Board of Education to loan itself $29 million

    University of Idaho officials are asking the State Board of Education to allow the school to loan itself $29 million for a new arena.

    If approved, the move will fully fund the Idaho Central Credit Union Arena.

    University officials say they have identified most of the funds necessary for the 4,200-seat, $46 million project, including $25 million in pledges and donations.

    Roughly $16 million of that total has already been collected, and the school hopes to generate another nearly $18 million by doubling student facility fees from $30 to $60 per year. The fee increase will be considered at the education board's meeting in April.

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