Lucas County Arena is no more after Huntington Bank pays $2.1 million over six years for naming rights to the new Toledo facility.
The deal also includes three additional six-year renewal options that put the potential naming rights agreement at $11 million or roughly 10% of construction costs. It will support the strength of Lucas Countyâ€™s $105 million investment in the downtown arena.
Lucas County broke ground on the 8,000-seat downtown arena in October 2007 and opened it to the public in October 2009. It is run by the same nonprofit that runs the successful Toledo Mud Hens.
â€œHuntington Bank joins with the leadership of Lucas County in continuing Toledoâ€™s downtown renaissance,â€ said Steve Steinour, Huntington Bank chairman, president and CEO. â€œOur long-term financial support of the new publicly owned arena underscores Huntingtonâ€™s belief in community investment and leadership. We share a commitment to Toledo and Northwest Ohio. We hope the new Huntington Center anchors the next stage of development in Toledo.â€
â€œThe Huntington Center will stand as visible proof of our support to the greater Toledo community,â€ said Sharon Speyer, Huntingtonâ€™s Northwest Ohio region president. â€œIt will bring great sports and entertainment options to the people of Toledo and Northwest Ohio for many years.â€
In introducing the program, Joe Napoli, president/general manager of the Toledo Walleye said, â€œThis is an historic occasion for Toledo because we are present at the official birth of Toledoâ€™s newest jewel: The Huntington Center. It has been my pleasure to work with Huntington Bank to develop this multifaceted agreement. I am looking forward to its continued partnership and leadership.â€
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