Wells Fargo gives McLeod Center $500,000
CEDAR FALLS -- A gift of $500,000 from Wells Fargo will support construction of the University of Northern Iowa's McLeod Center, university and bank officials announced today.
"Wells Fargo realizes how important the McLeod Center is for Cedar Valley's economic development. This is an excellent opportunity to invest in the community in a manner that will truly add value," said Mark Oman, group executive vice president of the Home and Consumer Finance Group of Wells Fargo & Company.
McLeod Center will be the home of Panther basketball and volleyball, and a competition site for wrestling. It will also host many other public events and will enable the UNI-Dome to schedule more large events, like trade shows and markets.
"It is great to have a facility like this contribute to the overall economic vitality of the area," said H. Lynn Horak, chairman & CEO, Wells Fargo Bank, N.A. These arena and UNI-Dome events are expected to bring Black Hawk County 225,500 new visitors and an additional $15-20 million each year.
The UNI Foundation has raised $18 million in private support for the center's basic features. It is now seeking $3 million more for features such as rigging for concert light and sound systems, retractable seating, a commissary, a hospitality suite and hall of fame.
"These enhancements will enable McLeod Center to realize its full potential," said Bill Calhoun, vice president for university advancement. "Wells Fargo's generous gift will help us give the university and the Cedar Valley the facility they need and deserve."
The university plans to break ground for McLeod Center this fall.
For more information on McLeod Center and the Students First Campaign, contact the UNI Foundation at 273-6078 or visit http://www.uni-foundation.org/





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