COUNCIL BLUFFS, Iowa- The University of Iowa is seeking approval from the Iowa Board of Regents to purchase a new video board system for Carver-Hawkeyes Arena. Currently, fans can watch one of four screens overhead.
The proposal calls to spend up to $3.5 million on the boards. The University also plans to enter into a lease agreement for up to $5.5 million dollars for the installation of new equipment and control room to operate the new boards. The new system would be a large screen hung from the center of the arena, with two boards facing the sidelines, and two facing the end lines. The University is working with Daktronics on this project as the vendor for the systems.
Also the sound system for the arena will be upgraded. The original sound system is still in use from when the arena opened 30 years ago.
The University will seek a loan of $5.5 million through Wells Fargo to finance this purchase. The loan will be repaid through Athletic Department gifts, according to the agenda item before the Board of Regents.
The new Boards are set to be installed by August of 2016.