WINSTON-SALEM, N.C. (AP) - Wake Forest University says it has completed its purchase of Joel Coliseum from the city of Winston-Salem.
The school announced its purchase Thursday. City Manager Lee Garrity told The Associated Press that the price was $8 million and that the school has committed to spend $10 million in capital improvements.
City Council approved the sale in May.
Wake Forest owns the 15,000-seat arena and the 33 surrounding acres.
Athletic director Ron Wellman says the school plans improvements to the venue's infrastructure and says ``we are determined to make it an even greater asset for our community.''

NCAAB Headlines

More inNCAAB News  

NCAAB Top Stories

Thumbnail 2017 NCAA Title Odds   Mike Krzyzewski’s current priority consists of guiding the U.S. men’s national team to gold at the Rio Games. Soon enough, though, the iconic...
Thumbnail Simmons-less Tigers begin new chapter The Ben Simmons Experience, at least collectively, ultimately went down as a major disappointment for LSU. With head coach Johnny Jones feeling the heat, can...
Thumbnail Cardinals to attack ACC all over again Louisville’s 2015-16 campaign couldn’t have ended on a more ignominious note. This year, however, essentially begins in paradise.
Thumbnail Michigan State ready to get back to business The preliminary matchups for the 2016 Battle 4 Atlantis were revealed yesterday, with Michigan State set to take on St. John’s in the first of three...
Thumbnail Trimble returning to Maryland The Maryland Terrapins got some good news last week as Melo Trimble announced he will be returning to the team for his junior...
More inNCAAB Articles  

NCAAB Team Pages