Naming Rights
Before its construction, the proposed arena was tentatively called "Spectrum II". The Center was originally named for CoreStates Bank, which agreed to pay $40 million over 21 years for the naming rights, with additional terms to be settled later for an additional eight-year period at the end of the contract. However, the contract has gone through multiple hands due to various bank mergers; first by First Union Bank in 1998, Wachovia in 2003, and finally by Wells Fargo in July 2010. Installation of the new Wells Fargo Center branding began on July 27, 2010, with the removal of the Wachovia Center signage, followed by the installation of the new Wells Fargo Center signage. Work was completed in September 2010.
Read more about this topic: Wells Fargo Center (Philadelphia)
Famous quotes containing the words naming and/or rights:
“See, see where Christ’s blood streams in the firmament!
One drop would save my soul—half a drop! ah, my Christ!—
Ah, rend not my heart for naming of my Christ!—
Yet will I call on him!—O, spare me, Lucifer!—
Where is it now? ‘T is gone; and see where God
Stretcheth out his arm, and bends his ireful brows!—
Mountains and hills, come, come and fall on me,
And hide me from the heavy wrath of God!”
—Christopher Marlowe (1564–1593)
“Unfortunately, I am involved in a freedom ride protesting the loss of the minority rights belonging to the few remaining earthbound stars. All we demanded was our right to twinkle.”
—Marilyn Monroe (1926–1962)