LINCOLN, Neb. —

Nebraska Athletic Director Troy Dannen announced Friday that the plans to renovate Memorial Stadium are on hold for now.

Dannen said it is because of the University of Nebraska-Lincoln's budget deficit.

"Now is not the time to debut a big capital project," Dannen said.

In a letter to University of Nebraska-Lincoln staff Monday, Chancellor Rodney Bennett said they need to cut nearly $30 million from the budget over the next four months.

'Extremely disheartening':

Options on the table include cutting or merging programs, voluntary staff buyouts, and continuing the hiring freeze, Bennett said.

The chancellor said officials will present a plan to the University of Nebraska Board of Regents in December.

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