ATLANTA — The residence of Georgia Tech soccer has been renamed Bobby Dodd Stadium at Hyundai Field following a naming rights settlement between the varsity and the automaker.

The Georgia Board of Regents introduced a deal on Tuesday for Hyundai to pay Georgia Tech roughly $55 million over 20 years for naming rights to the sphere.

The stadium generally known as Grant Field when it opened in 1913 was renamed Bobby Dodd Stadium in 1988 in honor of the previous Georgia Tech coach and athletic director. The college plans to take care of recognition of its historical past as Grant Field with a show on the stadium.

In saying the settlement, Georgia Tech mentioned the sponsorship parts will “feature enhancements to boost the experience on gamedays for fans in and around the home of Georgia Tech football.”

“Like Georgia Tech, Hyundai is a global brand that is synonymous with quality, innovation, and a commitment to advancing technology to make a positive difference in the world,” Georgia Tech president Ángel Cabrera mentioned in a press release launched by the varsity. “The more we have gotten to know each other, the more obvious the alignment of our values has become.”

Hyundai, headquartered in Seoul, is spending $5.54 billion to construct an electrical automobile and battery plant in Bryan County, Georgia. The facility is anticipated to create greater than 8,100 jobs.

Hyundai created a $120,000 scholarship for the research of science, know-how, engineering and math at Georgia Tech when it broke floor on the location in October 2022.

Copyright © 2023 The Washington Times, LLC.

Content Source: www.washingtontimes.com