Kansas receives historic $300 million gift from alumnus David Booth for stadium project, athletic programs

In what is believed to be one of the largest gifts in college athletics history, the University of Kansas announced that alumnus David Booth pledged $300 million to support athletics and campus development. The donation includes $75 million aimed at funding the next phase of the Gateway District and renovations to David Booth Kansas Memorial Stadium, while the remainder is expected to provide long-term support for Kansas athletics programs.

Booth, a Lawrence native and founder of Dimensional Fund Advisors, has a long history of giving to Kansas. His previous contributions include a $50 million gift in 2017 that helped launch renovations at the football stadium, which was later named in his honor.

“David’s unprecedented generosity is transformative now and for our future,” Kansas athletics director Travis Goff said in a release. “… We’re profoundly grateful for David’s leadership and extraordinary impact on generations of student-athletes and fans. There is no more generous and impactful Jayhawk, and we are so fortunate to call him a friend and mentor.”

The Gateway District project includes new student housing, a hotel, expanded retail and restaurant space, an outdoor plaza and additional parking. Phase 2 of the project, which aims to finish the south and east sides of the football stadium and develop the surrounding mixed-use district, has an estimated cost of $346 million, according to a Lawrence city commissioner meeting agenda. City officials approved an $86 million tax incentive package to support the project, with a maximum of $94.6 million in public funding available. The total cost of the Gateway Project, including the first phase that renovated much of the stadium and added a conference center, is estimated at $794 million.

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Source link : https://www.cbssports.com/college-football/news/kansas-receives-historic-300-million-gift-from-alumnus-david-booth-for-stadium-project-athletic-programs/

Author : Cody Nagel

Publish date : 2025-08-13 15:22:00

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