Portage Community Bank has purchased naming rights to the Ravenna High School Stadium.
The bank is donating $250,000 toward the renovation of the stadium, which was built in 1998. The donation will be paid in 10 annual $25,000 installments.
Superintendent Dennis Honkala said the move does not change the name of the football field, which will forever be known as Gilcrest Field.
"That is non-negotiable," he said.
Although the donation is not enough to cover the cost of the work needed at the stadium, Honkala said the district is pursuing naming rights of other parts of the stadium, such as the track, press box and scoreboard, and will also sell advertising in the form of signage around the stadium.
When the stadium was constructed in 1998, its artificial turf started a trend among other area schools. However, this will be the second year the district has not been able to house track meets because of the condition of the track.
The district plans to renovate the facility this summer and has been looking for ways to offset the cost, Honkala said.
"That facility is just the jewel of the community," he said.
When Portage Community Bank offered the donation to the district, Honkala said naming the stadium for the bank was "a no brainer."
"It's a great move for both organizations," he said.
A team of officials from the bank were on hand to observe the board's vote Monday.
"We are truly honored that the Ravenna School District would recognize Portage Community Bank as a community leader," said Rick Coe, CEO of the bank.