The sporting complex currently under construction at the corner of Middle Road and Forest Grove in Bettendorf will take on a new name.
BettPlex, LLC said it has entered into a partnership with TBK Bank that will rename the facility the TBK Bank Sports Complex.
“We’re thrilled that TBK Bank will be the naming rights partner with this facility that will unite the community and their families through sports, entertainments and events,” John DeDoncker, EVP, Senior Banking Officer for TBK Bank said in a news release.
TBK Bank SSB is a subsidiary of Triumph Bancorp, based in Dallas, Texas.
The 76.6-acre complex includes a 281,274 square-foot indoor sports building in addition to 64,000-plus square-foot family entertainment center that will be operated by High 5 Lanes & Games.
The indoor sports complex includes full-size synthetic turf soccer field, hardwood basketball and volleyball courts, sand volleyball courts, batting cages, personal training, physical therapy, food, beverage and retail space.
The outdoor complex will include synthetic turf soccer and baseball and softball fields with lighting for nighttime activities, walking paths and parking.
Based on initial estimates, the complex is expected to attract more than 750,000 visitors annually. Those estimates anticipate 40 percent of visitors will come from areas outside the 60-mile radius.
Earlier this year, the Enhance Iowa Board approved a $2.5 million sales tax rebate application for the complex. Sales projections provided to the board estimated $66.5 million in sales over a 10-year period.
BettPlex CEO and founder Doug Kratz said that the complex will employ about 150 people once the facility is up and running.
“The BettPlex and TBK Bank share a commitment to strengthening the economic and social well-being of our local community," Kratz said. "We are excited to partner with them on the TBK Bank Sports Complex.”
The complex is expected to be open by May or June 2018.