NORFOLK, Va. (WAVY) – A recent proposal submitted for a new Old Dominion University football stadium was rejected, but the deal with the company is not dead.
Back in March, local contractor, Stephen Ballard, gave ODU an unsolicited proposal to build a 25,000 seat football stadium as a public/private venture. The school rejected the proposal, as they wait on the results of a consulting report they had done to find the best path moving forward with the project. State law requires the school to give Ballard an answer to his proposal in 30 days.
ODU’s Board of Visitors feels the 30 days is not enough time to make a decision, and sent the deal back to Ballard, with a chance to resubmit it at a later date.
The board says they won’t begin to discuss the stadium issue for several months, and rejected the bid without seeing it.
ODU’s Board of Visitors released the following statement:
We want to thank Stephen Ballard for his proposal for Foreman Field. Old Dominion University has benefited greatly from his enthusiastic support of the University.
Old Dominion is conducting a study, collecting and analyzing data to ensure that we pursue a path that best meets our needs and is fiscally responsible.
We believe it is in the best interest of the University to complete the study before considering any proposals. The University is exercising its option as provided in the Code of Virginia to return the proposal without review.
At this time, we will not accept PPEA (public-private) proposals.
Ronald C. Ripley
Old Dominion University Board of Visitors
S.B. Ballard Construction released the following statement in response to the rejection.
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