The University of Maryland is selling off seats from the William P. Cole, Jr. Student Activities Building, more commonly referred to as Cole Field House, as a fundraiser for the construction of the new Cole Field House Project. The sale was announced in an email from the Terrapin Club Scholarship Fund sent to Terrapin Club Members on Monday. The seats are currently being offered for sale exclusively to Terrapin Club members from January 26th to February 2nd. Specialty autographed memorabilia is also available for sale through an online auction.
With a capacity of 14,500, selling each pair of seats for $400 would generate approximately 2.9 million in revenue, assuming all seats were sold. The seats inside Cole have remained in place even after the university moved from the historic building into Xfinity Center in 2002. The court was converted into an artificial service used primarily for intramural sports, as well as the Maryland Public Secondary Schools Athletic Association's annual State Wrestling Tournament.
The new Cole Field House project will convert the former home of Maryland's men's and women's basketball teams into a new football indoor facility, among other things.