In February 2007, Chicago-based businessman Richard Chaifetz, CEO of ComPsych Corporation and 1975 graduate of SLU, made a $12 million donation to the university, which named the arena in his honor.
ɪn fˈɛbɹuːˌɛɹi tˈuː θˈaʊzənd sˈɛvən, ʃᵻkˈɑːɡoʊbˈeɪst bˈɪznəsmən ɹˈɪtʃɚd tʃˈeɪfɛts, sˌiːˌiːˈoʊ ʌv kˈɑːm sˈaɪk kˌɔːɹpɚɹˈeɪʃən ænd nˈaɪntiːnhˈʌndɹɪd sˈɛvənti fˈaɪv ɡɹˈædʒuːət ʌv ˌɛsˌɛljˈuː, mˌeɪd ɐ dˈɑːlɚ twˈɛlv mˈɪliən doʊnˈeɪʃən tə ðə jˌuːnɪvˈɜːsᵻɾi, wˌɪtʃ nˈeɪmd ðɪ ɚɹˈiːnə ɪn hɪz ˈɑːnɚ.