Panel Recommends Against Memphis Stadium, For Now

MEMPHIS, TN - A University of Memphis athletic panel has recommended that the school not build an on-campus football stadium, for now.

The university's Board of Visitors athletic subcommittee said in a statement after a two-hour meeting Tuesday that building a stadium "is not practical at this time" because of economic concerns.

The subcommittee's recommendation goes to university President Shirley Raines, who last fall approved a stadium feasibility study but also stressed that the school's priority should be on academically oriented construction.

According to a version of the report obtained last week by The Commercial Appeal, a 40,000-seat on-campus stadium could be built for roughly $120 million, with stadium revenues producing about $100 million.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)