by: Jim Strickland Updated:
Developers of a new College Football Hall of Fame say they have raised more than $50 million in sponsorship commitments, triple the figure from December.
The total cost of the project, including improvements to the site, will be about $65 million, according to interim CEO John Stephenson.
The state must approve $15 million in bond funding to pay for site improvements. The hall is expected to open late in 2014.
The site is being relocated from South Bend, Indiana, where the current facility has suffered disappointing attendance.