The University of Oregon recently received a huge donation from Nike co-founder Phil Knight and his wife, Penny. The donation, which is the largest philanthropic gift in school history, is reportedly worth $100 million. Though not specifically designed to be used for an arena exclusively, it is a well known fact that McArthur Court is one of the oldest college basketball arenas in the nation, and certain elements have been pushing for a larger, more modern basketball arena. With Oregon hoops in the spotlight again this year, a new arena will only help the recruiting process and other intangibles in creating a better program in Eugene, Oregon.
Athletic Director Pat Kilkenny said, “This extraordinary gift will set Oregon athletics on a course toward certain self sufficiency and create the flexibility and financial capacity for the university to move forward with the new athletic arena. Now we can roll up our sleeves and get to work on making the arena a reality.”
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