Bud Walton Arena (also known as the Basketball Palace of Mid-America) is the home to the men's and women's basketball teams of the University of Arkansas, known as the Razorbacks. It is located on the campus of the University of Arkansas in Fayetteville, Arkansas and has a seating capacity of 19,368, which is the fifth largest for an on-campus arena in the United States. The arena is named after James "Bud" Walton, co-founder of Wal-Mart, who donated a large portion of the funds needed to build the arena. Walton purportedly gave 15 million, or around half of the construction cost. Construction of the arena took only 18 months, a short time considering the size of the undertaking.
When it was built, it was touted as a larger version of Barnhill Arena, the team's former home. In hopes of recreating the formidable home-court advantage the Razorbacks enjoyed at Barnhill, architect Rosser International built an arena that, as it put it, had "more seats in less space than in any other facility of the same type anywhere in the World." The arena has been the home to the Razorbacks since November 1993; the men's team won the national championship in the arena's first season of operation. The basketball team's former home, Barnhill Arena was renovated into a volleyball-specific facility and now houses the Razorback women volleyball team.