The University of Houston announced on Wednesday the school will debut its new football stadium on Aug. 30, 2014 against an opponent that is yet to be named.
The new stadium will be at the same location where the Cougars played since 1995, Robertson Stadium, which was built 70 years ago.
The project will cost $105 million, with UH stating it still needs to raise an additional $15 million in order to reach its funding goal.
The university's board of regents had already approved an initial finance package of $85 million in August.
UH can also raise substantial funds by selling naming rights to its new stadium and the school indicates it is "currently identifying and working with potential prospects."
The school says the new facility will have a state-of-the-art synthetic turf to allow for a variety of events, including high school games, intramural events and band practice.
UH will also install a synthetic turf on one of its practice fields, since many of the stadiums the Cougars will play in also have synthetic systems.
The orientation of the new stadium on the UH campus will be from east to west, which according to the school gives fans and television audiences "a spectacular view of the downtown Houston skyline, while also keeping in line with the University's grid system and creating a more efficient parking system."
The stadium will seat a minimum of 40,000 and can be expanded to an additional 20,000 if needed.
Surface lots around the stadium will offer 1,467 parking spaces, while the garage near the stadium has 2,268 parking spots.
The new stadium will also feature a state-of-the-art HD, LED, wide screen video board located at the west end of the facility.
While the stadium is being built the University of Houston is targeting Reliant Stadium as an interim home for its football games in 2013.
UH said it is currently in discussion with officials at Reliant Stadium and the school hopes to have a final decision by the end of next month.