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Miami University in Oxford, Ohio, is preparing to break ground on a $242-million multi-purpose arena that school officials say will redefine athletics, student life and economic development on campus while addressing long-standing limitations of the school’s aging Millett Hall.

The new facility, approved by Miami’s board of trustees earlier this year, will rise on Cook Field and is expected to open in time for the 2028 athletic season. The project represents one of the largest capital investments in university history and is envisioned as far more than a sports venue.

The arena will serve as the home for Miami’s basketball and volleyball programs while also accommodating commencements, concerts, creative arts performances, career fairs, conferences and a wide range of student-focused activities.

“We are in a unique and dynamic time for Miami University athletics,” David Sayler, director of athletics at the university, said in a presentation to the board. “It is time to innovate, invest and inspire. A new arena benefits all of Miami and will serve as a gateway and beacon for the university.”

Trustees approved a resolution authorizing construction of the arena at a meeting in February. While the expected price tag for the arena construction is $242 million, the board has authorized up to $281 million for the structure and associated ancillary costs.

Construction is scheduled to begin this fall with completion targeted for 2028. The arena is poised to become one of the most visible symbols of Miami University’s long-term growth strategy.

The university is funding the project through a combination of philanthropy and bond financing as part of a larger fundraising campaign.

University officials considered several potential locations before selecting Cook Field.

A committee comprised of faculty, staff and alumni reviewed options and gathered feedback from more than 1,500 members of the Miami community before recommending the site.

The location sits at the intersection of State Route 73 and U.S. 27, providing easier access and improved traffic management compared with other locations.

Perhaps most importantly, Cook Field creates opportunities for a broader entertainment and hospitality district. University plans envision future connections to a hotel, restaurants and potentially other mixed-use developments that could attract visitors and generate new revenue streams.

The new arena is intended to solve problems that have plagued Millett Hall for years.

Built in 1968, Millett Hall was originally designed to serve only the men’s basketball program. Since then, women’s basketball and volleyball have been added, forcing three programs to share facilities that were never intended to accommodate them.

The new complex will include two dedicated basketball practice courts and a separate volleyball arena, significantly expanding training and competition space for student-athletes.

University officials estimate renovating Millett Hall and adding the necessary practice facilities would have taken the building out of service for several years and cost at least $175 million while still leaving the university with an aging structure facing maintenance challenges.

Instead, they concluded constructing a new facility would provide greater long-term value while better supporting student-athletes.

Once the new arena is completed, Millett Hall will no longer function as the university’s primary athletic arena. The site will be repurposed to support recreation and intramural activities. Ultimately, demolition of the aging building is expected as part of the broader redevelopment plan.

Miami University president Gregory Crawford said, “a new arena will provide the foundation for an events district in the heart of the campus to benefit students, reinvigorate the community, and strengthen our local economy.”

University officials have already begun preparing for that transition through a separate $13-million fund earmarked for new recreational facilities at the Millett Hall and Chestnut Fields sites.

At the Millett site, a new synthetic-turf field for intramural soccer and flag football is slated to be built, along with a walking path, exercise stations, pickleball courts, tennis courts and basketball courts.

Additional amenities include a dog park and a dedicated service-dog park, creating a broader recreational hub for students and campus visitors.

The Chestnut Fields project will feature a large synthetic-turf multi-use surface with sports lighting capable of supporting numerous activities. Plans include two full-size soccer fields, two softball fields, three flag football fields, concrete walkways and a central plaza complete with seating and drinking fountains.

The recreation projects are scheduled to be completed before Cook Field is closed for arena construction this September.

The impact of the new arena will extend well beyond athletics. The venue will be able to host concerts, conferences, graduations and community events that currently bypass Oxford due to a lack of suitable facilities.