Allar recorded 2,006 yards for 13 touchdowns with five interceptions across nine games this season.
Pollock Halls, originally built in the 1960s, will undergo a multi-phase renovation plan starting next year.
Starck was instrumental in Penn State's three-win week.
Saturday and Sunday's contests will still be played as scheduled and are set to begin at 4:30 p.m. on Saturday, April 13, and 1 p.m. on Sunday, April 14.
The No. 2-seeded Beaver Stadium was ultimately made the fan-favorite candidate, winning the title as The Athletic's "Best College Football Stadium."
The event will take place from 11 a.m. to 2 p.m. ahead of Penn State baseball's game against Northwestern.