New deal struck for Citrus Bowl renovation project

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ORLANDO, Fla. (AP) -- After several false starts, the Florida Citrus Bowl's renovation project is set to begin in 2014 with officials hoping the new stadium can eventually snare a national championship game.

Orlando Mayor Buddy Dyer and Orange County Mayor Teresa Jacobs announced a plan Monday to finance a $175 million facelift for the 76-year-old stadium.

Construction is set to begin in January or February 2014, with the hope it will not displace future bowl games there.

Florida Citrus Sports hosts the Capital One Bowl and Russell Athletic Bowl in Orlando. Its CEO Steve Hogan says knowing a renovation timeframe will help his organization position Orlando to compete to be a host site for possible future college football playoff and national championship games.