The new, $800-million Ryan Field is now the new, $850-million Ryan Field, according to an announcement Monday from Northwestern University.

However, the plans to privately fund the entire project, even with the inflationary cost increase, will not change.

While putting out a colorful promotional video and renderings of the football-stadium-to-be, the release, entitled "A Bold New Vision for College Football," also says the new facility is now priced at $850 million.

The release notes that, as originally promised, the project will still have "the majority of funding provided by the Ryan Family without public investment." Northwestern is also kicking in some dollars.

Construction is under way on the new facility, scheduled to open for the 2026 season.

Until then, Northwestern is playing most of its home football games at a temporary facility along the lakefront, along with a couple of games this year at Wrigley Field.

The new stadium will seat only 35,000, down from more than 47,000 at the former Ryan Field.

The release says that Ryan Field 2.0 (okay, we called it 2.0, they didn't), will be "transforming the traditional stadium model into a year-round community asset."

The concert portion of that year-round asset has angered some stadium neighbors, but City Council okayed the facility along with a limited number of musical events inside the stadium.

"Chicago's Big Ten Stadium," as NU calls it, is expected to have a significant financial impact on Evanston through construction jobs, game-day and event-day shoppers, tax revenue, and an NU fund for community projects.