Pegula to be honored by Penn State

January 21, 2014 Updated Jan 21, 2014 at 2:20 PM EDT

By James Fink, Buffalo Business First

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Pegula to be honored by Penn State

January 21, 2014 Updated Jan 21, 2014 at 2:20 PM EDT

Buffalo Sabres owner Terry Pegula is one of eight Penn State alumni who will be receiving the university's highest honor.

Penn State University said Pegula is one of eight to be named "Distinguished Alumni" this year.

The award comes just months after the Pegula Ice Arena opens in State College. Pegula and his wife, Kim, donated more than $100 million to build the arena and underwrite the start up of a men's and women's NCAA Division I hockey program.

The 6,000-seat arena opened in October.

Pegula will be honored later this year in the Happy Valley.

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