University of St. Thomas announces plan to build multi-use sports arena

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The University of St. Thomas is about to get a little bigger.

Tuesday morning, university officials announced a $75 million gift will be used to build a hockey and basketball arena. It is also expected to be used for commencement ceremonies, speakers, career fairs and other events.

A groundbreaking for the facility is expected to be done in 2024, and it may open in late 2025.

According to the university, the donation came from Lee and Penny Anderson of Naples, Florida, both of whom are benefactors of the school.