The Board of Regents granted the Iowa State Athletics Department permission to create a sports performance center, expand Bergstrom Football Complex, improve the north Jack Trice Stadium entrance and add more areas for multiple Olympic sports on Thursday.

Iowa State still needs to have the financing plan approved — a projected $65-80 million project, according to a press release.

“Being able to consolidate academics, nutrition, sports medicine, strength and conditioning and practice under one roof for the first time in the history of our football program is fundamental to competing with the nation’s best programs,” said Athletic Director Jamie Pollard in a release.

The complex featuring a student-athlete academic and nutrition center will be constructed adjacent to the Bergstrom Football Complex. The expansion will also result in the removal of the Olsen Building.

The funding for this project will come from a combination of revenue from the athletic’s department, along with donations.

“It is imperative that we meet our fundraising goals for this project (estimated to be $25M) in the near future so that we can get the necessary approvals to begin construction,” Pollard said in the release.

The football portion of the complex will extend 12,000 feet with a locker room, team lounge and other areas for facilities.

The nutrition aspect of the project came to fruition after the NCAA loosened its rules on providing nutritional support to athletes.

“As coach (Matt) Campbell likes to say, ‘we’re raising the standard,'” Pollard said in the release. “We are appreciative of the Regents’ support for our vision and now we’re moving into the design and funding phases of the project.”