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Eagle Rock Bank to buy naming rights for Stewartville high‑school gym; board accepts $150,000 pledge and score‑table donation
Summary
The Stewartville school board approved a 10‑year naming‑rights agreement with Eagle Rock Bank for the high‑school gym — to be called 'Eagle Rock Arena' — and accepted related donations, including a donor‑funded digital score table and a community 'buy a chair' campaign.
The Stewartville Public School District board on Wednesday approved a 10‑year naming‑rights agreement with Eagle Rock Bank and accepted associated donations to fund gymnasium renovations.
Under the agreement approved by the board, Eagle Rock Bank will provide $150,000 over 10 years (about $15,000 per year) in exchange for exclusive naming rights to the high‑school gymnasium lighting and signage; the administration said the facility would be referred to as "Eagle Rock Arena" on district listings and at events. The board also accepted an anonymous donation to purchase a new digital score table (approximately $10,450) and authorized a proposed "buy a chair" campaign to fund courtside chairs (estimated $8,700).
"The timing felt right," said Josh Buckmeyer, representing Eagle Rock Bank, describing the bank's interest in supporting facility upgrades after meeting with district leaders.
District staff explained the renovations are intended to improve safety and spectator flow by replacing original bleachers, relocating the score table to courtside, and adding courtside chairs. The administration said estimated costs for bleacher replacement are approximately $50,000 and that installation could earliest occur in mid‑September. A donor told the board they would front the cost of the digital score table so the district could order equipment promptly.
Board members asked about longevity, renewal and dissolution scenarios for naming agreements; administration said the current contract is structured as an annual payment over 10 years and that renewal terms have preceded similar agreements in other districts. The board voted unanimously, 7–0, to approve the naming rights and to accept the donation resolution.
The score table is a digital unit that can display scrolling advertisements; the district said the table could generate local sponsorship opportunities. The board said a buy‑a‑chair fundraising campaign would give smaller local advertisers the chance to sponsor courtside chairs, and that the school would maintain control over content and placement.
