Teams which no longer draw the crowds they used to should reduce their present stadiums making their crowds of today look better and have more sitting closer together. Should they ever beginning having great seasons again, they can do like Georgia Tech did reopen the parts they closed off.
I think we can call it a trend now. "Right-sizing" of stadiums is the shape of things to come. Significant stadium seating reductions were darned near unheard of in the past, but Rice and Stanford have both taken steps to dramatically reduce stadium capacities in their overbuilt on campus stadiums recently.
Rice with an enrollment of 3K had a 70K stadium. They don't even have 70K alumni!!! Not that it was their fault, the city built a state of the art stadium for them as a reward for their football excellence back in the day.
Anyhow, they reduced the seating to 47,000 with fancy tarps and the like which makes it about what TCU's stadium seats. IMO they should hire a could of guys to actually REMOVE that excess seating over the next year and reduce it even further --- to about 35K, but the tarps are a dramatic improvement in fan perception. Do not be suprised to see Rice as a regular favorite in whatever league the Texas private's are in for the foreseeable future.
Getting an appropriately sized stadium on or near campus that opens the possibility of sellouts is the key to being a healthy FBS school, IMO. Sellouts still are not possible, but Rice has taken the first step and is a TON closer to healthy IA football financials today.