Merchants Insurance to sponsor Metro Rail’s Seneca Street station
The century-old company that has occupied its Main and Seneca streets building since the mid-1960s has become the latest firm to purchase naming rights for a Metro Rail station from the
The two new northbound and southbound stations at Main and Seneca will now be called Merchants Insurance Station@Seneca.
"It's right outside our front door, so it seemed like a natural fit," said Merchants President and CEO
He said the company considers Metro Rail an important asset for its 230 downtown employees as well as for customers and visitors.
The NFTA and Merchants will now sign an initial, five-year agreement for about
"We're happy to partner with Merchants to provide this new and improved station," NFTA Executive Director
Both Metro Rail structures will now be spruced up with new paint schemes and signs featuring the Merchants brand. NFTA officials say all three newly sponsored stations should receive their signs and upgrades later this year.
The NFTA began exploring the naming rights idea in 2016 by hiring
Minkel has previously indicated that naming rights will provide a new stream of revenue for rehabilitation and improvements.
"Our stations are now over 30 years old and looking a little tired and worn," she said in 2016. "This is a way to generate revenue to be put back specifically into those assets, improving the customer experience and the image, and helping us repair and maintain them."
Minkel said the volume of passengers passing through stations every day creates a valuable asset for advertisers.
Metro buses and trains have featured interior and exterior advertising in various forms for years.
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