User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


63° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Sanford CEO: Title Sponsorship A 'Safety Net'

August 2, 2012, 5:52 PM by Ben Dunsmoor

Sanford CEO: Title Sponsorship A 'Safety Net'
SIOUX FALLS, SD -

First PREMIER Bank, PREMIER Bankcard and Sanford Health have teamed up as the title sponsors of the new Denny Sanford PREMIER Center.

The three companies will pay a combined $750,000 a year for the next 25 years to the city for the sponsorship. The money will go toward operating costs to help ensure the new facility will have a solid financial future.

Executives for all three companies said they wanted to ensure that the new events center was successful for years to come. That's why they were willing to give more money than the city had expected for the main title sponsorship.

"They cared enough about our city to create what our consultant deems as one of the best naming rights deals in recent history," Sioux Falls Mayor Mike Huether said.

"We want to celebrate today,” Sanford Health C.E.O. Kelby Krabbenhoft said. “We want to be relieved with the knowledge that the bottom line risk and loss that could be incurred has been found a buoy, a safety net, by this donation, by this investment in this events center.”

On top of that, Sanford Health will make an upfront donation of $2 million to equip the entire center with video boards inside and out.

Originally executives from the three companies said Denny Sanford did not want his name on the building, but they thought it was important to recognize the philanthropist for the contributions he's made to the state.

"There is no one who is more invested in this state, that is more invested in the people. There is no one who is more invested in the future of South Dakota than Denny Sanford and this is our way of honoring him for that inspiration," First PREMIER Bank C.E.O. Dana Dykhouse said.

City officials and business leaders say it’s also way to make sure the building that is under construction right now will be a benefit for the community for decades.

"There were different opinions. There were different ideas, different concepts, but at the end of the day, as we always do in Sioux Falls, we came together to provide this community a facility that will make all of us proud," Dykhouse said.

The entire events center, Sioux Falls Convention Center and Sioux Falls Arena complex will be called Sanford Place.

Both Sanford and PREMIER will get a suite, 20 club seats inside the building and several VIP parking spots.

Each company will also be allowed to use the events center one night a year rent free.

Click on the video player below to watch the entire announcement.
 

Previous Story

Next Story


Comments





RELATED STORIES


 
Find Local Businesses on KELO Pages!

View business

You may also like

SF Judge Considering Another Walmart Lawsuit

9/19/2014 5:41 PM

Homeowners believe the City of Sioux Falls didn't live up to its promise of having a conditional use permitting process for the new store proposed...

Full Story | Watch
Cracked Windshield Forces Jet To Land In Wichita

9/22/2014 1:12 PM

A 50-seat jet flying to Dallas was forced to land in Wichita after its windshield cracked.

Full Story
Great Outdoor Store Recognized By National Magazine

9/17/2014 3:33 PM

Outdoor USA Magazine is giving high marks to a Sioux Falls store.

Full Story
Committee Gives Final OK To Rest Stop Rule Changes

9/16/2014 1:22 PM

A South Dakota panel has approved rule changes in multiple state departments that include allowing the Department of Transportation to regulate newsst...

Full Story
Digital Guitar Made In Sioux Falls

9/16/2014 10:10 PM

Sioux Falls native and South Dakota State graduate Ed Cannon is behind a new product for Apple's iPad, iPhone and MacBook. 

Full Story | Watch


Events