The board of Miami University has taken a significant step in advancing its athletic and campus facilities by approving financing for a new arena on the Oxford campus. This major undertaking is projected to cost around $242 million for construction alone, with total expenses—including the demolition of the aging Millet Hall and the addition of parking facilities—potentially reaching as high as $281 million.
Despite the enthusiasm from some quarters, significant opposition has emerged regarding the arena’s cost, proposed site, and ongoing financial concerns within the university. Detractors, including students and faculty members, expressed their discontent during board discussions, arguing that the university should prioritize academic programs over a new arena. Concerns have arisen following recent cuts to arts and humanities programs despite the university reporting a substantial surplus of $216 million last year. One student, Ashley Reynolds, highlighted the contradiction of funding a large-scale arena while her major was eliminated due to budget constraints.
The board’s decision to move forward with the arena project was unanimous, with all 17 members voting in favor. Proponents of the arena believe its establishment will facilitate a vibrant events district capable of attracting visitors to Oxford and bolstering community engagement. The arena aims to enhance various sports programs—including the university’s highly regarded men’s basketball team—and offer a venue for a multitude of other events, such as concerts, career fairs, and various student activities.
In terms of financing, the project will be funded through a combination of donations and the issuance of bonds, which will be supported by the university’s revenue streams. The debt incurred from the construction will be offset by an increased annual draw on investment income, approximately $10.2 million, alongside expected savings from existing debt retirement.
If everything progresses as planned, construction of the new arena is set to begin this September, with completion anticipated in time for the start of the athletic season in fall 2028. The preliminary plans indicate that the multi-purpose venue will include two basketball practice courts and a designated area for volleyball, further enhancing the university’s athletic facilities.
While the project faces scrutiny, supporters believe building the arena is a critical investment in the future of Miami University’s athletic culture and an opportunity to enhance the overall student experience. The expected increase in opportunities for student engagement, along with plans for new intramural fields on the former Millet Hall site, suggest a forward-looking approach to campus life at Miami University.