The total cost of the complex will be $25 million, with $14.5 million raised through private donations and the other $10.5 million via non-state funding. It is the single largest private fundraising project in VCU Athletics history.
VCU Athletics will build the new facility adjacent to the Rams' home arena, the Verizon Wireless Arena at the Stuart C. Siegel Center, inside the HDL, Inc. Athletic Village.
The 60,000-square foot structure will include practice courts for both the men's and women's basketball programs, as well as locker rooms, coaches offices, strength and conditioning areas, a sports medicine center that will include a hydrotherapy room, a viewing deck, players lounges, laundry and equipment room, a video suite and a players dining room.
Out of the 351 Division I programs, VCU is one of 22 to win at least 22 games in both men's and women's basketball this season. The men's program will be in Brooklyn, N.Y. in search of a fourth consecutive NCAA Tournament appearance at this weekend's Atlantic 10 Championship.
Construction on the project is expected to take approximately 15 months.