PISCATAWAY -- The new sports practice complex Rutgers University is building on its Livingston campus will cost $115 million and require the university to borrow at least $26 million, Rutgers revealed for the first time Thursday.
The multi-sport facility, which includes practice space and locker rooms for the basketball, gymnastics and wrestling teams, gained final approved from the university Board of Governors on Thursday.
Rutgers expects to pay for the complex primarily through athletic department fundraising, $25 million in tax credits and an $18 million naming rights contribution from RWJBarnabas Health.