Plans to transform Turner Field into a Georgia State stadium are moving forward, with the university taking ownership of the property at the end of the year.
This week, the Board of Regents of the University System of Georgia approved Georgia State University’s purchase of the property from the Georgia State University Foundation, according to a website dedicated to information about the property.
Georgia State will pay the foundation $22.8 million for its portion of the 67-acre site. Another $26 million will go toward stadium renovations, the Atlanta Journal Constitution reported.
The university will take ownership of the property by December 31 and plans to begin construction in early 2017, the website says.
The venue will essentially remain the same in size, with seating for 23,000. A with a future phase will add another 10,000 seats.
Georgia State does not plan to move the Olympic Cauldron at this time, but instead will honor the role of the city and the university in the 1996 Olympic Games.
In addition to Georgia State’s plans, the university’s private development partner, Carter, has plans to build a mixed-use development that will include retail and housing space. To visit the website with more information on the development plan, click here.