The family of Dallas Cowboys owner Jerry Jones has made a donation valued at $10.65 million to the University of Arkansas athletics department.
Jones, a UA alumnus, donated 256 acres of land in southwest Fayetteville to the Razorback Foundation earlier this month. According to property records, Jones paid $7.3 million for the land from Chambers Bank after a foreclosure. An independent UA appraisal valued the land at $8.65 million.
In addition to the land, the Jones family donated an additional $2 million to the Razorback Foundation, which is the university's private fundraising arm for athletics.
According to a release from the university, the money will help support a student-athlete academic center and dining hall that is currently being constructed on the UA campus. The center, which could cost up to $23 million, will be named after Jones and his wife, Gene, while the locker room in the Razorbacks' football center will be named after Jones' son, Stephen.
The money will also be used to erect a monument alongside Razorback Road commemorating the football program's 1964 national championship team. Jerry Jones was a starting offensive lineman for that team, while Stephen Jones played for the Razorbacks in the 1980s.
Jerry Jones family makes big gift
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