Albertson’s has committed $12.5 million over 15 years to Boise State University for the naming rights to the school’s famous stadium.
The agreement secures Albertsons Stadium through 2028, subject to approval by the Idaho State Board of Education on June 18. This is a first for both Boise State’s stadium and for Albertsons.
“Since the 1930s, when Boise State and Albertsons each began just a couple of miles away from each other, the two institutions have shared a passion for the community and for improving opportunities in higher education,” Boise State President Bob Kustra said. “It’s appropriate that in the year we celebrate the anniversary of the Albertsons Library, we announce this new partnership that also will benefit Boise State students for many years to come.”
Boise State Director of Athletics Mark Coyle said the money from this naming agreement will come in over the life of the contract and will help the athletic department provide a first-class experience for the over 400 Bronco student-athletes.
The deal will make Albertsons the most prominent sponsor at the stadium. The transformation will be complete before the first home game in 2014. A final stadium logo and signage plan will be released this summer.
“It is our privilege to support Boise State,” said Bob Miller, CEO of Albertson’s. “Albertsons has chosen to link our name with Boise State because we admire and share their commitment to the values of becoming part of the community, integrity, hard work, developing leadership and continuously learning and improving. This July marks our 75th year as a company, and growing our partnership with Boise State is a wonderful way to celebrate that accomplishment and extend our reach as the Official Grocer of Boise State Athletics.”
This is not the first time Albertsons and Boise State have partnered in improving opportunities for Boise State students. In 1990, Albertsons CEO Warren McCain announced the company and its founding family would donate $6 million toward a $10 million expansion of the Boise State library. Five years later, when the renovations were completed, the library was renamed the Albertson Library and the Warren McCain Reading Room was dedicated. The library is celebrating its 50th Anniversary this year.
Albertson’s also gave a generous land donation that helped Boise State secure the Ron and Linda Yanke Family Research Park on Parkcenter Boulevard.