From what I understand, their old stadium was just that: old.
It's not the schools money, so I don't see it as that big of a deal. But, we don't have to look any further than our own football program to see how spending money does indeed advance a program.
If they can hang on to Art Briles, they should be able to compete in the Big12. He's a good coach with little to work with.
I have my doubts it'll be anything like that when it's done.