Georgia Tech reaches arena deal with Hyundai

ATLANTA– The home of Georgia Tech football has actually been relabelled Bobby Dodd Arena at Hyundai Field following a naming rights agreement in between the school and the automaker.The Georgia Board of

Regents announced a deal on Tuesday for Hyundai to pay Georgia Tech roughly $55 million over 20 years for naming rights to the field.The arena referred to as Grant Field when it opened in 1913 was relabelled Bobby Dodd Arena in 1988 in honor of the former Georgia Tech coach and athletic director. The school plans to preserve acknowledgment of its history as Grant Field with a screen at the stadium.In announcing the agreement, Georgia Tech stated the sponsorship elements will”feature improvements to boost the experience on gamedays for fans around the house of Georgia Tech football.””Like Georgia Tech, Hyundai is an international brand name that is associated with quality, development, and a dedication to advancing technology to make a positive distinction worldwide, “Georgia Tech president Ángel Cabrera said in a statement released by the school. “The more we have actually learnt more about each other, the more obvious the alignment of our values has become. “Hyundai, headquartered in Seoul, is investing$5.54 billion to build an electric vehicle and battery plant

in Bryan County, Georgia. The center is anticipated to produce more than 8,100 jobs.Hyundai developed a$120,000 scholarship for the research study of science, innovation, engineering and math at Georgia Tech when it broke

ground on the site in October 2022.