After nearly six decades of football games, graduations, concerts and various events, proposed renovations are coming to Falcon Stadium on the campus of the U.S. Air Force Academy near Colorado Springs, Colorado.

The aim is to transform the stadium into a state-of-the-art, world-class venue.

The Air Force Academy Foundation and the Air Force Academy Athletic Corporation have announced a proposed multiphase Falcon Stadium renovation project as part of the Defining Our Future campaign in support of the Air Force Academy, publicly launched on Sept. 10.

Nate Pine, Air Force Academy director of athletics, said: 

We need to continue to invest and improve our fan experience in Falcon Stadium. There is a lot of competition out there for entertainment dollars, and there is a lot of expectation in our fan base in what they're seeing in other venues, so we need to make sure we continue to be relevant from an experiential standpoint every bit as much as we want to be competitive and win games on the field.

The investment required for the initial phase will total $70 million, with philanthropic support from the Air Force Academy Foundation providing $35 million as part of the campaign and the remaining half financed by Athletic Corporation revenue. 

The current phase is part of a multiphase master plan to upgrade and transform Falcon stadium and will total about $180 million when finished.

With most of the initial upgrades coming on the east side of the stadium, the proposed plans include a dramatic new stadium entrance, an updated event space, relocation of the cadet section and a heritage plaza. 

Improved seating, concessions areas, restrooms and merchandise space will offer fans a more modern and comfortable feel as they take in an event.

Troy Calhoun, Air Force Academy football coach and 1989 graduate of the Academy, said: 

Businesswise, it's a breakthrough for the institution that has to happen to be modern. I think there is as much yearning and as much momentum as there has ever been in the history of the Air Force Academy, not only to make some philanthropic contributions but to help the institution.

The proposed modernisation looks to turn the iconic venue into a world-class event centre. Pine added:

I think the enhancements make it more attractive for a myriad of events. It hosts Falcon football and Falcon lacrosse in our sporting teams, but with graduation every year, and being visited by the president of the United States every four, it's a big-time venue.