Huntington secures arena naming rightsWritten by Kristen Criswell | | email@example.com
As previously reported by Toledo Free Press, Huntington National Bank has “reached a sponsorship agreement with Lucas County renaming the Lucas County Arena as The Huntington Center,” according to an April 16 news release.
“What we saw with this naming rights opportunity was a great opportunity to help Lucas County, lower the debt, lower taxes and put more financial strength and stability into the operation here. That in turn will allow them to put more events in the venue, providing better opportunities for restaurants and retailers in Toledo,” said Steve Steinour, chairman, president and CEO of Huntington National Bank.
The bank unveiled its new logo during a press conference April 16 at The Huntington Center. Huntington employees, area officials and politicians were on hand for the ceremony and subsequent tours and light show.
The reigning theme of the unveiling was featured during the light show, “The Huntington Center, it may have our name but it really is all yours.”
“We believe that The Huntington Center will attract people from throughout Northwest Ohio and Southeast Michigan. It will be a platform for economic rejuvenation of our community, and is incredible opportunity to express our compassion and our commitment to Northwest Ohio,” said Sharon Speyer, regional president of Huntington Bank.
The bank has agreed to a six-year $2.1 million name sponsorship with the county, that includes an additional three six-year renewal options. The naming rights agreement has the potential to reach $11 million if renewal options are chosen.
“For the long-term success of The Huntington Center, or of the arena, we needed a partner. Huntington gets it. One component is to name building, second is how do you make it part of your culture, the bank’s culture, the team’s culture and the community’s culture. They understand that,” said Joe Napoli, president and general manager of the Toledo Walleye and Mud Hens. “We spent a lot of time talking about that, they really want to take this to the community.”
During the ceremony Napoli also announced that the facility, which has a silver LEED certification, may receive a gold LEED certification in coming months.
A source close to the negotiations told Toledo Free Press in September that Huntington Bank was close to securing the rights to naming the facility.
Huntington National Bank currently owns the naming rights to Huntington Park baseball field in Columbus.