New Olma Hall gets namesake
St. Galler Kantonalbank will be the title sponsor of the soon-to-be-completed new Olma Hall for at least ten years. The bank is paying a sum for this, but has not disclosed the amount.
The new exhibition and event hall on the covered highway is still under construction. Work is proceeding according to plan, according to a statement issued by Olma Messen on Thursday. Parts of the hall can be used for the first time for Olma next fall. The grand opening will take place on March 2 and 3, 2024.
The new building will then bear the name of the St. Galler Kantonalbank SGKB. Similar to FC St. Gallen for its soccer arena, a name giver was also sought for the new hall. The cantonal bank's commitment as a name-giver is set for at least ten years.
How much the bank will pay for this is not communicated. "We don't communicate that," explained SGKB spokesman Adrian Kunz when asked by the Keystone-SDA news agency. That is the usual practice, he said.
Olma fairs have recently been struggling with financial problems due to shortfalls caused by the Covid 19 pandemic. Various steps in the recovery plan have already been taken. These include the conversion of loans from the city and canton into capital and the change from a cooperative to a stock corporation. Now the share capital of 20 million francs still needs to be raised. (SDA)
