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Posts Tagged ‘State Farm Insurance Company.’

University of Illinois’ Assembly Hall renamed to State Farm Center

(courtesy U of Illinois)

The University of Illinois has sold the naming rights for Assembly Hall to State Farm Insurance Company.

The State Farm Center is the second arena in the Big Ten Conference with a corporate sponsor. In 2011, Pinnacle Bank purchased the naming rights to Nebraska’s arena for $11.2 million over 25 years.

State Farm has its headquarters in Bloomington, Illinois, 50 miles from Champaign, home of the University of Illinois.

The 30-year, $60-million agreement, for the home of the Fighting Illini basketball teams, will take effect immediately.

The 50-year-old arena is undergoing a complete renovation and will be completed in the fall of 2016.

Illinois' State Farm Center (photo by Dori via wikipedia commons)