The Nittany Lions' downfall came in the third quarter when the group was outscored 6-1 by Michigan.
Smith will join the Chiefs after spending his entire career with the Tampa Bay Buccaneers.
The full renovation, which would last around four years and cost an estimated $700 million, will include maintenance projects, winterizing, and architectural and design development.
Despite splitting time as both a linebacker and defensive end, Parsons still earned first-team All-Pro honors off the edge last season.
Comic Swap will be open from 11 a.m. to 6 p.m. on Saturday, May 6.
"The best gift I ever received was a commercial-grade juicer."