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U, TCF extend naming rights deal
Star Tribune
December 23, 2005
TCF Financial Corporation's $35 million commitment toward an on-campus football stadium at the University of Minnesota in exchange for naming rights has been extended to June 30.
The agreement between TCF and the university had been scheduled to expire at the end of this year. But state legislators have not taken action on a stadium bill.
The university hopes to build a 50,000-seat stadium near Mariucci Arena on the East Bank. Forty percent of the cost would be paid by the state, the rest through fundraising, university debt and other means. The estimated cost is $249 million, but university officials say the cost is rising because of state inaction. The opening has already been postponed a year to 2009.
MARY JANE SMETANKA
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