Missouri State University announced Thursday morning the name of JQH Arena will change over the next 12 months.
The news came from Suzanne Shaw, MSU’s vice president for Marketing and Communications, in a press conference outside the arena.
The arena’s exterior signage will be removed starting June 3 and is expected to be fully taken down by June 10, according to a news release by MSU’s University Communications. The interior signage will stay the same until the naming process is finalized within the next year, MSU’s President Clif Smart said.
“We are preparing for a new name and a new era for the arena,” Missouri State President Clif Smart said in the release. “We have had interest in the naming rights, and we want that blank slate to be visible as a good-faith effort on our part entering this process.”
The exterior signage removal project is estimated to cost the Missouri State University Foundation $20,750, according to University Communications.
“The university previously received a total of $24.4 million in payments from the Revocable Trust of John Q. Hammons in exchange for the arena’s original naming rights,” the release said.
Upon the Trust’s previous bankruptcy settlement with JD Holdings, the remaining balance obligated to the university shifted to JD Holdings in May of 2018 as a result. In September 2018, the arena’s naming rights were returned to the university in a settlement between JD Holdings and the university.
The settlement also requires JD Holdings to pay the university $10.2 million, with the final payment by 2022, according to the release.
This story will be updated as the naming process continues.