MAGNOLIA, Ark. (AP) - Southern Arkansas University has received a $2 million donation that will help the school build a new rodeo arena. The gift, made by Therral and Jan Story of Magnolia, is the largest the university has ever received from an individual donor.
The new arena is being built for the school's intercollegiate rodeo team, but it is also expected to accommodate horse shows and other livestock events, along with concerts and trade shows.
School officials estimate the arena will cost $3.5 million, and the SAU Foundation is still raising private funds for it.