The University of Florida Board of Trustees approved a request for $10 million from the university to be put toward renovations to the Stephen C. O'Connell Center.
The renovations, expected to cost $50 million, according to Gatorsports, will be further financed by donations in addition to the money the board approved.
Steven Scott, a member of the Board of Trustees, said "Obviously, 80 percent is athletics. That money will come from donors from the athletic area, or it can come from any donor frankly. But that money will come from philanthropic sources for a total of $50 million."
Scott estimates construction to begin in two to three years.
According to Gatorsports, the changes are expected to include all new seating, club space, a new entrance, concessions and shops. The center currently hosts basketball, volleyball and gymnastics sporting events.
The O'Connell Center is also used for classes, concerts and business expos, among other events, said Carol Walker, assistant vice president of the Facilities, Planning and Construction Division at UF.
Though, an exact plan for the facility renovations has not been developed yet, according to Curtis Reynolds, vice president for business affairs and economic development at the UF.
"We don't have a particular project schedule as of yet," Reynolds said. "We have to start fundraising efforts."
Kelsey Meany edited this story online.