Baylor University has received its largest ever capital gift, from the family of former Houston Astros owner Drayton McLane, towards its attempts to build a new football stadium.
The Waco, Texas-based university's board of regents confirmed the gift from McLane, who is a Baylor alumnus, and announced that it would see the new venue named Baylor Stadium as per the family's wishes. The stadium is set for completion in 2014, and will have a capacity of 45,000 which can be extended to 55,000 for major events.
The size of the gift was not revealed, but the university did say it exceeded the university record of US$20 million.
McLane said: "As a family, we wanted to do something that would shine a light on the University we love, while enhancing student life at Baylor and impacting positively the city of Waco and Central Texas. This is an incredible time to be a Baylor Bear and all the McLane family is excited to part of the momentum that is leading Baylor to new heights."
Ken Starr, the president of Baylor, added: "We recognise that we are living in a remarkable time in the history of Baylor athletics, and we are blessed to have loyal, courageous and generous friends in Elizabeth and Drayton McLane, and their family, who have stepped forward to encourage all of us to take hold of a rare opportunity for our football programme."