MINNEAPOLIS (AP) – The University of Minnesota has secured another $8 million toward its athletics facilities project thanks to a new sponsorship agreement with TCF Bank.
The bank secured naming rights for the Golden Gophers football stadium in 2005, a 26-year deal worth $35 million for the university. New athletic director Mark Coyle helped spearhead an amendment to that agreement to allow TCF to contribute new money to the Athlete’s Village, a sprawling practice and workout facility currently under construction.READ MORE: COVID Vaccine For Younger Kids 'Would Be Absolute Relief' For Families With Immunocompromised Members
In return for the new money donated, TCF receives the option to extend its naming rights deal with the football stadium for another 10 years through the 2040 season.READ MORE: How Did Pumpkin Spice Become The Flavor Of Fall?
The university has a goal of $190 million for the project. The latest contribution brings the total of funds raised to $120 million.MORE NEWS: Looking To Trade In Your Old Vehicle? Now May Be The Best Time Ever To Do So
(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)