Following a ribbon-cutting ceremony the week prior, the multi-use Snapdragon Stadium officially opened Sept. 3, 2022 for a home football game against Arizona. Estimated to cost $310 million, Snapdragon Stadium was funded through philanthropic gifts as well as system-wide revenue bonds that will be paid back with revenue generated by the facility including ticket revenue, naming rights and concessions. The bond issuances can be timed appropriately based on market conditions moving forward. Operating costs will also be supported by revenue generated by the facility (e.g., ticket revenue, facilities rental revenue, naming rights, sponsorships, donations). Snapdragon Stadium is designed to meet the needs of the entire San Diego community. This year-round entertainment destination and serve as a hub of community engagement and Aztec pride. Snapdragon Stadium is located in the northwest corner of the new San Diego State Mission Valley campus. The new facility has met a LEED Gold standard. The project is part of the larger SDSU Mission Valley Campus Master Plan which was approved by the Board of Trustees in January, 2021. SDSU Mission Valley will provide SDSU with the space to grow enrollment, expand research and innovation programs, and add much needed housing for students, faculty, staff, and the general community, including affordable housing. Finally, the plan creates a long-awaited regional community River Park.
|    |
SNAPDRAGON STADIUM