Eleven years into its 20-year deal, University of Phoenix terminates its naming rights. State Farm agrees to purchase the rights through 2036 for an undisclosed amount.
Name: State Farm Stadium
Capacity: 63,400
Surface: Grass
The stadium opens on August 1, 2006 at a total cost of $455 million ($395.4 million for the stadium, $41.7 million for site improvements, and $17.8 million for the land.) The stadium is unique in that the grass field is rolled outside to grow between games. The University of Phoenix acquires the initial naming rights for a 20-year period in a $154.5 million deal.
Name: University of Phoenix Stadium
Capacity: 63,400
Surface: Grass