In case you missed it, Banterra Bank bought the naming rights to the SIUC Arena for $4 million over the next 10 years, with the possibility of another million if enough people sign up for SIUC credit cards issues by Banterra. I talked with one other banker I know who said that, not only did they not get offered the opportunity to buy the rights to the Arena but were quite glad that SIUC had not approached them as they do not think Banterra will get enough value out of the naming rights to justify a $4 million payment.
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