The Citadel receives County Council support for stadium project
The Citadel has received a commitment from the Charleston County Council to provide $3.5 million from the county accommodations tax revenue. Over 10 years the money will help retire a portion of The Citadel’s debt on the $42 million Johnson Hagood Stadium renovation, a project that is anticipated to have a significant economic and tax benefit for the county.
“We greatly appreciate the Charleston County Council’s support of our efforts to make Johnson Hagood Stadium a source of pride for The Citadel and the people of Charleston County,” said Citadel President Lt. Gen. John W. Rosa.
Phase III of the stadium renovation project is expected to be completed in the fall and will feature a state-of-the-art press box, club seats and suites on the west (home) side in addition to the South Carolina National Guard Readiness Center. The Citadel and the National Guard will benefit by the shared use of classrooms and other joint areas. The Altman Athletic Center construction and West side stands replacement were completed in 2001 and 2006. Phase IV will include a complete renovation of the East side stands.
The stadium will house major sporting events, including Citadel home football games and a new football all-star game for college seniors and other attractions. The stadium is also vital to the county’s emergency preparedness, as it serves as the South Carolina National Guard Readiness Center.
A study by the Charleston Metro Sports Council estimates Johnson Hagood Stadium will generate $1.5 million in accommodations tax revenue over the 10 years of the county’s investment, and will continue to generate tax revenue over the 50-year projected life of the renovated stadium. Additionally, the newly refurbished stadium will have an estimated economic impact on the Charleston area of $366 million over the next 10 years.
“We are confident the county’s investment will not only pay for itself but earn a return over the life of the stadium,” Rosa said.