Hyundai makes $55 million do business in to place its identify on Georgia Tech soccer farmland

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Hyundai Motor Co. is able to whisk the farmland for varsity soccer season.

The South Korean automaker made a $55 million do business in this time to acquire the naming rights to the Georgia Institute of Era’s farmland for the later two decades. The Yellow Jackets will now play games in Bobby Dodd Stadium at Hyundai Garden.

“Proximity to institutions like Georgia Tech was one of the many reasons Hyundai selected Georgia for our new EV manufacturing facility,” Hyundai Motor North The usa CEO Jose Muñoz stated in a observation. “We are thrilled to expand our relationship with Georgia Tech, which will include opportunities for student professional development and cooperative work programs in addition to athletic engagements.”

The venue, referred to as Lend Garden when it opened in 1913, is the oldest on-campus stadium within the Soccer Bowl Subdivision, which is faculty soccer’s lead section. It used to be renamed for Dodd, a former tutor and athletic director on the faculty, in 1988.

The do business in comes as Hyundai builds a $5.5 billion electrical car and battery plant related Savannah. The plant, anticipated to not hidden within the fall of 2024 and make use of about 8,100 folk, is ready 250 miles southeast of Georgia Tech’s stadium and major campus in Atlanta. Hyundai created a $120,000 scholarship for science, era, engineering and math scholars at Georgia Tech when it penniless garden for the plant terminating life.

“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,” stated Georgia Tech President Angel Cabrera. “The more we have gotten to know each other, the more obvious the alignment of our values has become. I am grateful for the transformative investments Hyundai is making in our state, and I am proud that the Hyundai brand will feature prominently on our campus.”

Hyundai joins a number of alternative automakers that experience put their identify on a soccer stadium, even if maximum are house to professional groups. The Atlanta Falcons play games at Mercedes-Benz Stadium, the Tennessee Titans play games at Nissan Stadium in Nashville, and the Detroit Lions play games at Ford Garden.

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