Has to be thinking about something above JPJ to put that figure on it. Knight arena on Oregon's campus was built for $227 million and as far as I can tell the most expensive on campus arena in the power 5.
Ole Miss opened a very nice new arena with great amenities for $97 million in 2016. Auburn did the same in 2010 for $86 million.
Love the floor seats and how Whit has made things work with the age of the great Cassell. But renovating something designed in 1961 doesn't appeal to me. And if you bring up Cameron indoor, that's just a different deal in my mind.