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UCF seeks lenders for $2.5M to fund arena enhancements

The University of Central Florida is out to bid with bankers, having issued a request for proposals for $2.5 million as part of a project to overhaul the scoreboards and video displays at its football stadium and basketball arena.

The $2.5 million would be earmarked for an overhaul of the audio system in the 10,000 seat CFE Arena where, in addition to holding student graduations, the UCF men's and women's basketball teams play.

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This is part of a larger multi-million dollar project that would take the two venues' nine-year-old scoreboard/video board systems and turn them into higher quality overhead focal points at the facilities.

An exterior view of CFE Arena.
An exterior view of CFE Arena. (UCF)

UCF opted to seek bids for the $2.5 million instead of tapping its banks or seeking donors, because it feels the approach is the most "fiscally responsible" and will allow "a more competitive process that will yield the best possible rate and terms," spokesman Mark Schlueb said. The school has taken this approach before, he added.

UCF also plans to update the arena's center-hung scoreboard and install a "ribbon board" screen that would display digital messages between the first and second seating levels. The messages will convey things like players' statistics, sponsors' logos and advertising.

Separately,  the overhead scoreboard and video screen on the north end of the school's 40,000 seat Bright House Network Stadium would be replaced with a 114-foot-wide and 36-foot-tall, high-resolution video board that would display scoring as well as player action and what's going on in the stands in higher definition.

On top of the sign would be a speaker cabinet to improve acoustics in the stadium and a 24-foot-wide by 12-foot-deep area would house video broadcast cameras.

Additionally, the south end of the stadium would contain a video screen much like the one planned for the arena that would display digital messages.

The enhancements, even though partially out for bid, must still be approved by UCF's Board of Trustees.

The school has already been receiving overtures for the work and expects to make a decision once the board has voted, which is expected this summer.

Potential bidders for the scoreboard/video board enhancements for Bright House Networks Stadium and the CFE Arena include Panasonic, Technomedia Solutions, Yesco, Daktronics and ANC Sports Enterprises, according to bid documents.

Potential bidders for the audio system enhancements for the stadium and the arena include Daktroniks Installation, Integration Factory and AVI-SPL.

Have a tip about Central Florida development? Contact me at ktalley@growthspotter.com, via Twitter at @karentalley or (407) 420-5176. Follow GrowthSpotter on FacebookTwitter and LinkedIn.
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