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The USF Board of Trustees Finance Committee voted unanimously to spend $140 million and take on $200 million of debt for an on-campus football stadium.
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A proposal a USF Board of Trustees committee is set to take up estimates a 35,000-seat football stadium on the Tampa campus would cost $340 million to build.
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The USF Board of Trustees approved up to $22 million for the design phase of the project.
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Alex Golesh led a Tennessee offense that ranked first in the nation in scoring and yards per game this season, with wins over LSU, Pittsburgh, and — most notably — Alabama.
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Golesh came to Tennessee with head coach Josh Heupel in 2021 after the two were coaches at the University of Central Florida in 2019.
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Jeff Scott had a record of 4-26 in just under three seasons, including 1-19 in the American Athletic Conference.
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The university has released both its master plans for its athletic facilities and a strategic plan for how it's going to accomplish those goals.
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The university will put out an "invitation to negotiate" in the next month to select a design and build team for the project.
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Officials also announced at Tuesday's Board of Trustees meeting that USF will hold town halls for the two presidential finalists the week of March 21.
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According to the agenda for Tuesday's meeting, the proposed site is on the northeast side of campus, near Fletcher Avenue and North 50th Street.
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The USF Board of Trustees discussed a plan, which includes five possible locations on the Tampa campus, and hopes to present it by June 30.
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Health experts offer possible explanations, including higher-than-expected vaccination numbers and fans who already contracted the virus.