Valdosta - Plans for a new joint stadium with Valdosta High and Valdosta State University have been canceled.
At Monday night's school board meeting, President Ronald Zaccari told the board the college doesn't have the 4 and a half million dollars to fulfill their end of the deal. A struggling economy has left VSU with 4.1 million dollars in budget cuts, and the money left will have to be used for new housing.
"It's very discouraging to have to withdraw from our plans, but I didn't expect this huge economic downturn," said Zaccari.
The Valdosta school board is re-evaluating the building plan, and will most likely renovate the existing stadium.