The Tennessee Board of Trustees approved a $106 million renovation project to Neyland Stadium on Friday.

Officials say the project will improve concessions, add bathrooms, extend aisle handrails, and shift the back wall of the stadium to meet NCAA standards.

Administrators said the renovation would be funded by $15 million from accumulated reserves, $10 million in donations, $21.3 million from pledged capital gifts, and $59.7 million in a debt service secured by operating revenues.

The target completion date for the Neyland Stadium renovation is August 2019.