Iowa is decreasing capacity about 1,000 - 1,500 down to around 69,000.
The schools are more interested in profits than in attracting fans. This is an excellent mid-term strategy. In the long haul, over a 10-year time frame, after these administrators are gone, I am not so sure.
Michigan had a 100,000 seat stadium for years that usually seated in the Mid-70,000s. Perhaps they couldn't maximize ticket prices, but in the longer term they maximized fans and revenues. We have a 24-hour news cycle. We have a 5-year outlook on stadium refurbishments because they think the next one will be in 10-years after the last one, and the administrators seek to look good in their tenure only.