Beaver Stadium is a dinosaur. With where our world is today and where it's going, the idea of having 107,000 seat stadium in the middle of nowhere is honestly absurd.
You can build the best stadium in the country, attendance I guarantee will only continue to decline. As the older generations of loyal season ticket holders, many of whom spawned during the early years of the Joe Paterno era pass away or become physically unable to get around the stadium anymore, I don't envision new season ticket holders taking their place.
Consumer interests have changed, consumer viewing habits have changed, the male/female relationship has changed, etc. My dad could get away with disappearing for football weekends whenever, my grand father the same. Me? no. My friends? no.
The other problem with college football is the inequity that exists. If Penn State is performing at a level that is expected, 5 of the 7 teams we play at home on any given year will be over matched. Definitely 4 of them.
You can build the greatest stadium on planet earth, after you've seen it a few times, that's not going to be enough to keep the future generation of fan coming up every Saturday to watch the 52-10 massacre of Eastern Michigan. It's not compelling, it's not worth the time and money. I can watch 30 minutes of that beat down on 60 inch HD from my Philly suburban home and still have the flexibility to fulfill my other weekend obligations and do other things. We have September's where that game takes place 4 straight weekends.
If Penn State wants to improve the viewing experience at Beaver Stadium in the short term, SCHEDULE BETTER!!!!!!!!!!!!!!!!!!!
In 20 or 30 years, it won't make sense to have more than a 70K stadium where every seat provides a great experience. I really believe that.
So to me, it makes no sense to sink anymore money into Beaver Stadium. Anything would be a temporary band aid that doesn't even truly work because I think season ticket sales are going to head south. My dad and his generation are getting into their mid to late 60's. I'd love to think they'll still be going up in their mid to late 70's, but father time catches up.
Personally I'd rather see 100 million spent on a beautiful new 8500 seat arena for wrestling and basketball, where every seat is a great seat, but I'm not going to hold my breath.
Outside of making improvements to Beaver Stadium that are necessary structurally, I think any other money spent is an absolutely waste that will generate no return on investment.