Jones Family Makes $10.65M Gift To Razorback Athletics Department
by February 2, 2015 12:00 am 103 views
The University of Arkansas announced Jan. 21 that former UA football player and current Dallas Cowboys owner and general manager Jerry Jones and his family donated $10.65 million to the UA athletics department.
The school said the money will help support:
The soon to be completed Student-Athlete Success Center.
A permanent monument to establish a tribute to the Razorbacks’ 1964 national championship football team, to be displayed near Razorback Stadium.
The football team locker room at the Fred W. Smith Football Center.
The entrance lobby of the Student-Athlete Success Center.
A recognition was also made to the UA Board of Trustees to name the new facility the Jerry and Gene Jones Family Student-Athlete Success Center.
The facility will become the new home of the Bogle Academic Center and is being constructed at the corner of Meadow Street and Stadium Drive between Pomfret Hall and John McDonnell Field. The 55,000-SF building is scheduled for completion in late summer/early fall this year.
The Jones’ gift is a combination of cash to be paid over a five-year period and land donated to the Razorback Foundation Inc., the private fundraising arm of the UA athletics department.
In December, Jones paid Danville-chartered Chambers Bank $7.3 million for 11 tracts totaling 256 acres west of the Cato Springs Road exit, just off the Interstate 49 interchange in south Fayetteville.
He then donated the property, appraised in March for $8.65 million, to the Razorback Foundation.
There are no immediate plans for use of the land.