Billionaire Tilman Fertitta has donated a whopping USD 20 million to the University of Houston to transform its basketball arena into a state of the art collegiate sports facility, the largest individual donation made to the athletics department of the varsity.
The funds will help transform the Hofheinz Pavilion and renamed as the Fertitta Center. The renovation will also preserve the legacy of the Hofheinz family, honoring former Harris County Judge Roy Hofheinz, University of Houston said in a statement.
"This transformational gift from Chairman Fertitta will allow our basketball arena to be substantially enhanced, reclaiming its status as one of Houston's - and the nation's - premier sports venues. The chairman's incredible generosity is rivaled only by his extraordinary dedication to improving our University," said UH President Indian-origin Renu Khator.
The renovation and construction works are scheduled to be completed by 2018-19.
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