The name originates from nearby Camp Logan, a World War I-era U.S. Army training camp, which was replaced by Memorial Park after the war. The “Rice” in Rice Military comes from the family that used to own the area. One of the most popular of the Rices, William Marsh Rice, left behind a fortune to found Rice University. Bankers Trust Co. paid $54,425 ($ in current money) to the Rice family and another party for the entire area that would become Rice Military."