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November 21, 2014

Alumnus Pledges $25-Million for U. of Maryland Sports Complex

Kevin Plank, the chief executive of athletic-apparel company Under Armour and a former University of Maryland football player, has promised $25-million to his alma mater for a planned makeover of a campus arena, writes The Baltimore Sun.

With the Plank gift, to be formally announced Friday, the school has raised nearly half of the $95-million in private money it is seeking to turn 59-year-old Cole Field House into an indoor football practice facility that will also house a sports-medicine center and a lab for student entrepreneurs. University regents endorsed the Cole plan, which has a total price tag of $155-million, at a meeting Thursday.