By Kristina Goetz
The Cincinnati Enquirer
University of Cincinnati officials announced Monday the second $10 million gift to the institution in a week.
Fifth Third Bank president and chief executive George A. Schaefer Jr. presented the oversized check of $10 million at the school's basketball arena, which will now be named the Fifth Third Arena at Myrl H. Shoemaker Center.
The gift - from Fifth Third Bank and the Fifth Third Foundation - ranks among the largest ever received by the university, officials said.
The money will go to support the Richard E. Lindner Varsity Village, a $80.3 million plan to improve UC's athletic facilities. The project will be anchored by a new athletic center that will bear Lindner's name. It will house coaching offices, meeting space, a museum detailing the history of the university and its sports programs, and a sports medicine facility.
School officials announced one week ago that Lindner, former owner of the Thriftway supermarket chain, donated $10.2 million for the Varsity Village project, which will provide world-class training and facilities for each of the school's 18 varsity sports.
Since 1985, Fifth Third has contributed $14 million toward various projects at UC, including Monday's announcement.
"These gifts bridge the past and the future," Schaefer said. "It is a vote of confidence in the university's vision to recruit and launch outstanding athletes and scholars."
UC president Joseph Steger hopes the university can receive huge gifts every Monday.
"Humor aside, it really makes a significant difference not only for athletics but for all of our students," he said. "There's no other way to get it done because of what's going on with the state."
Construction will begin in April on the village and its athletic center.
COMPLETE NCAA TOURNAMENT COVERAGE
Special NCAA hoops section; Bracket contest
REDS / MLB
County, Reds learned from earlier endeavor
Sparky will attend Reds Opening Day
Dawkins' future now rests with the Dodgers
Roster shaping up
Graves unwinds in his new delivery as a starter
Reds squads split two
Murray tours Hall of Fame
Piazza, Mota suspended
Monday's games saw lots of rain
Hamilton's Cook impressing Rockies
BENGALS / NFL
Spearman a Bengal for next three seasons
Long-snapper St. Louis signs
Panthers continue work with offense
PREP HOOPS PLAYOFFS
Boone County wins with free throws
NewCath romps over Dixie Heights in semis
Brossart, Campbell Co. make finals
LeBron leads All-Ohio squad
Prep hoop playoffs
Give Peace a chance - at Derby
Owner of Calumet Farm dies
Eight will go in Lane's End
IN THE SPOTLITE: BOWLING
Bowling evolves to attract a wider variety of customers
PLAN YOUR DAY
Tuesday's sports on TV, radio