Yeah, it won't fix it entirely, but I think it would at least help a bit ... honestly the more important thing is just (A) who the hell wants to sit under there if there are seats outside (unless it's raining, I guess) and (B) aesthetically that capacity should just simply be used elsewhere.
Also, I will finally let this obsession of mine die, but newly-minted-MS-Paint-expert Fighter of the Nightman tried to visualize how much more complete I think the stadium would look with simply bringing the Horseshoe seats down to field level.
Current Memorial Stadium
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Filled In Horseshoe
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Again, I get it's not a huge deal ... but that second picture makes Memorial Stadium just look WAY more legit to me, and it could actually be a really cool place to put the students. Add some column-like architecture on top to give it more height, and I unironically think you have one of the best stadiums in college football.