The Ed and Rae Schollmaier Arena is the new name for Texas Christian University’s basketball venue, named after the lead donors to the $72 million renovation, according to a press release.
Ed, former CEO of Alcon Laboraties, Inc., has been a trustee at TCU since 1996. His wife, Rae, has served on multiple fine arts boards at TCU as well as the KinderFrogs School Advisory Board.
Formerly known as Daniel-Meyer Coliseum, the facility is slated for completion in time for the 2015-2016 basketball season. TCU will still keep the name Daniel-Meyer for its entire basketball complex, which will be called the Daniel-Meyer Athletic Complex.
Along with a new basketball court, the new facility will have a larger sports medicine center, locker rooms, meeting rooms and offices. The stadium will also have more courtside seating, wider entries and concourses and a courtside club lounge. A TCU Athletics Hall of Fame will also be built on the concourse level.
The Schollmaiers already have one basketball facility with their name at TCU, the Ed and Rae Schollmaier Basketball Complex, which opened in 2004. That facility houses two practice courts, meeting rooms and other amenities.