BLOOMINGTON, Ind. (21Alive) - Name changes are coming to Indiana University's Assembly Hall
IU president Michael McRobbie announced Thursday's hallowed basketball arena would be renamed the Simon Skjodt Assembly Hall after alumna Cindy Simon Skjodt, who donated a record-breaking $40 million gift to the athletic department.
The donation will be a financial cornerstone for renovations to Assembly Hall, as well as a foundation for IU's $150 million Catching Excellence athletics campaign.
Simon Skjodt will serve as co-chair of the campaign.
Renovations to Simon Skjodt Assembly Hall will include: a restructured south lobby and entrance, a new atrium, remodeled bathrooms and concession stands, a state-of-the-art video scoreboard and added baseline seating.
"What she just did and the Simon Skjodt family did is preserve the legacy of a national treasure," Hoosiers head coach Tom Crean says. "What they've done, and what Cindy said they wanted to continue to preserve the legacy of her father."
Simon Skjodt, a 1980 graduate of Indiana, runs the philanthropic organization Samerian Foundation and is the daughter of Melvin Simon, the late founder of Simon Property Group and former owner of the Indiana Pacers. She and her husband also own the Indiana Ice of the United States Hockey League.
The name change will not take effect until 2016.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2014, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.