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 Top Stories

Thumbnail Washington vs. Utah Prediction Are the Washington Huskies a good underdog play on Thursday night? They'll take on the Utah Utes at 10:00 p.m. ET as an underdog.
Thumbnail USC vs. Oregon Prediction Will the USC Trojans pull off the upset tonight when they visit the Oregon Ducks at 9:00 p.m. ET or will this Pac-12 matchup go to the favorite?
Thumbnail Wash State vs. Colorado Prediction Are the Colorado Buffaloes a good play on Thursday night against the Washington Cougars? The Pac-12 rivals will square off at 8:00 p.m. ET.
Thumbnail Saint Mary's vs. Gonzaga Pick Will No. 13 Gonzaga have any trouble when it plays host to its rival, Saint Mary’s tonight at 9PM ET?
Thumbnail Michigan vs. Nebraska Pick Can No. 23 Michigan keep adding to its current winning streak when the Wolverines go on the road to face Nebraska at 9PM ET?

NCAAB Headlines

NCAAB Team Pages