You can do a lot with $3.55 million.
You could buy a bunch of fancy new super cars. Buy an ice cream mountain. Attend Penn State many times over.
1982 graduate Ken Panzer and his business part Jordan Kaplan decided they wanted to spend their $3.55 million a different way. The two gifted the money to Penn State Intercollegiate Athletics to launch the construction of a new lacrosse facility on campus.
Both the men’s and women’s programs are currently ranked in the top 10 nationally.
The new stadium will be constructed at the site of the current one, just south of the Bryce Jordan Center and east of Pegula Ice Arena.
Penn State, in a press release, listed the following amenities to be included.
- Expanded stadium-style seating for up to 1,300, significantly growing the permanent seating capacity and options available to fans.
- Greater comfort and convenience for fans with permanent concessions, more accessible bathrooms and a ticket office.
- A press box above the new seating with full broadcasting capabilities for television and radio facilitating coverage on the Big Ten Network and ESPN.
- A multi-purpose room overlooking the field which will be used for a variety of lacrosse-related events.
As a result of the donation, the stadium will be officially named Panzer Stadium.
“I am thrilled to leave my legacy at Penn State and support the sport I love,” Panzer said in the release. “My time as co-captain on the Penn State lacrosse team was meaningful to me and I want to continue to support the lacrosse program by creating a facility that matches its tenacity and spirit. Penn State is known around the world for excellence across all endeavors, and the time is right to take Penn State Lacrosse to the next level.”
The full text of the release can be read here.