Chubbuck, Idaho-based Idaho Central Credit Union has agreed to pay $10 million for the naming rights to a new basketball arena being built at the University of Idaho.

The gift will give the credit union the naming rights to the arena, which will be dubbed Idaho Central Credit Union Arena, for 35 years.

According to a press release from the University of Idaho, the new arena will cover 62,000 square feet and seat 4,200 people. It will be a "one-of-a-kind engineered wood structure" that highlights Idaho's wood products industry.

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