First Interstate Bank has been named as the winner of the naming rights bid for Metra Park’s arena.
Rimrock Auto’s agreement with Metra Park terminates at the end of this fiscal year, June 30, 2019.
First Interstate Bank offered $175,000 a year for five years in their bid, with an option to renew for another five years.
Also, submitting a bid was Ultra Graphics who offered a five year bid, with an option to renew for another five years, starting out at $100,000 for the first year, and increasing to $165,000 by the tenth year.
First Interstate Bank will cover the cost of removing the current signage and replacing it with their own.
Exactly what the new name for the arena will be has not been determined. The bid suggested it could be First Interstate Bank Arena or First interstate Arena.