The PeoplesBank Arena is a multi-purpose arena and convention center located in downtown Hartford, Connecticut. Owned by the City of Hartford, it is managed by the quasi-public Capital Region Development Authority (CRDA), under a lease with the city, and operated by OVG. The arena is ranked the 28th largest among college basketball arenas. It opened in 1975 as the Hartford Civic Center and was originally located adjacent to Civic Center Mall, which was demolished in 2004. It consists of two facilities: the Veterans Memorial Coliseum and the Exhibition Center. In December 2007, the center was renamed when the arena's naming rights were sold to XL Group insurance company in a six-year agreement. This agreement was extended and lasted until 2025 when the arena was renamed as part of an agreement with PeoplesBank.