HIGH POINT, N.C. — High Point University President Dr. Nido Qubein announced Wednesday plans to build a children’s museum, event center, educational cinema, state-of-the-art playground and park in High Point. The projects are expected to be built near the proposed future stadium in downtown.
“Something must happen and this is the catalyst that will energize the city of High Point,” Dr. Qubein said.
Qubein announced at a High Point Visitors Bureau Luncheon that he would chair the stadium project. He also pledged to raise $38 million in donations for the additions mentioned above, as well announce a name for the stadium and agreement for a sports team, by Sept. 15, 2017.
The people of High Point would own all the projects.
“This is an opportunity to influence our citizens and impact our city,” Qubein said. “It's time to make things happen.”
In April, the High Point City Council agreed to pay $15 million to purchase the land between Elm, Gatewood, Lindsay and English streets and start planning for the stadium to be built there.
Assistant City Manager Randy Hemann says the city has about 11.5 acres and may need an additional three to five more to fit the extra projects.
“We overcame the biggest hurdle today,” Hemann said. “When someone pledges $38 million to fund a project like that, that’s the largest hurdle we have to overcome.”
Assistant City Manager Hemann says the city plans to finance the $30 million they need to build the stadium. They plan to pay it back through ticket sales, naming rights, lease payments and, hopefully, additional tax revenue if commissioners get on board.
“By the spring of 2019, hopefully you all will be there join us in throwing out the first pitch,” Hemann said.
Hemann expects work will begin on the stadium in the next eight months.