The NFL approved the Packers’ request for $58 million in G-4 stadium-funding money. The funding reduces the amount of money the Packers will have to borrow, as they continue to renovate Lambeau Field.
“We’re very pleased that the owners voted to provide funding for our project. When we decided not to pursue any public money for the project, we were hopeful we would be able to receive funding through the new Collective Bargaining Agreement,” Packers president and CEO Mark Murphy told the team’s website.
The Packers are expanding the south endzone to add approximately 7,000 seats. A new sound system, video boards and entrance was ready for the start of this season.
“It really enhances our future, especially from a financial standpoint,” Murphy said. “I hope 10 years from now people say the Packers did a good job, just like we’re saying now the Packers did a good job with the renovation in 2003. Lambeau Field is such a special place, I think we all feel an obligation to leave it better than we found it.”