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KCAC Receives Boost from PNC Foundation

The PNC Foundation has made a $300,000 contribution to IUP’s Kovalchick Convention and Athletic Complex.

The donation will be used for construction costs for the facility, a 150,000-square-foot building that will offer a 4,000- to 6,000-seat arena, athletic department administration offices, and state-of-the-art conferencing facilities.

The KCAC is projected to have a $22-million economic impact on the region during construction, scheduled for the next three years, and an annual economic impact of $12.5 million in each year of operation. The KCAC site is along Wayne Avenue, adjacent to the university.

“The Kovalchick center will provide an important amenity for both the university and surrounding area,” PNC Bank Pittsburgh Regional President Sylvan Holzer said. “It represents an investment by the university which, through the strength of its academic programs, already serves as an engine for regional growth and development. PNC values the mutually beneficial and long relationship we have with several facets of Indiana University of Pennsylvania and its population. We see signs of it every day through the many graduates who have found employment with PNC.”

IUP has raised more than $10 million in charitable contributions for the KCAC in private support and federal funding. These funds will be used to match a $20-million commitment from former Gov. Thomas Ridge to support construction of the $44 million facility.

The KCAC is named in honor of the Kovalchick family, of Indiana, in recognition of the family’s $2-million donation to the project.