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===Canadian Tire Centre=== {{further|Canadian Tire Centre}} As part of its bid to land an NHL franchise for Ottawa, Terrace Corporation unveiled the original proposal for the arena development at a press conference in September 1989. The proposal included a hotel and 20,500-seat arena, named The Palladium, on {{convert|100|acre|km2}}, surrounded by a {{convert|500|acre|km2|adj=on}} mini-city, named "West Terrace." The site itself, {{convert|600|acre|km2}} of farmland, on the western border of Kanata, had been acquired in May 1987 from farmer Cyril Bennett for {{CAD|1}} million,<ref>{{cite news |work=Ottawa Citizen |title=Five years after zoning battle, the combatants reflect |date=January 14, 1996 |page=E6 |first=Carrie |last=Buchanan}}</ref> and flipped to Terrace for {{CAD|2.6}} million in 1989.<ref>{{cite news |title=OTTAWA SENATORS; Terrace defaults on mortgage payment due to cash crisis |last=May |first=Kathryn |newspaper=The Ottawa Citizen |date=July 2, 1991 |page=C1}}</ref> Rezoning approval was granted by the [[Ontario Municipal Board]] on August 28, 1991, with conditions.<ref name="oc-omb">{{cite news |work=Ottawa Citizen |title=Senators win!; OMB approves Kanata site for Palladium; Conditions reduce arena seating capacity |date=August 28, 1991 |first1=Mohammed |last1=Adam |first2=Rick |last2=Mayoh |page=A1}}</ref> The conditions imposed by the board included scaling down the arena to 18,500 seats, a moratorium on development outside the initial {{convert|100|acre|km2|adj=on}} arena site, and that the cost of the highway interchange with [[Ontario Highway 417|Highway 417]] be paid by Terrace.<ref name="oc-omb"/> A two-year period was spent seeking financing for the site and interchange by Terrace Corporation. The corporation received a {{CAD|6}} million grant from the [[Government of Canada]] but needed to borrow to pay for the rest of the costs of construction. A ground-breaking ceremony was held in June 1992, but construction did not start until July 7, 1994. Actual construction took 18 months, finishing in January 1996.<ref>{{cite news |work=Ottawa Citizen |title=Palladium sparks tug-of-war in Kanata |date=January 27, 1996 |first=Randy |last=Boswell |page=E1}}</ref> [[File:Canadian Tire Centre exterior before a match in 2022.jpg|thumb|alt=People milling about a large brick color building with large sign Canadian Tire Centre |The Senators moved to [[Canadian Tire Centre]] in 1996. The arena is their second and current home arena.]] The Palladium opened on January 15, 1996, with a concert by Canadian rocker [[Bryan Adams]].<ref>{{cite news |work=Ottawa Citizen |date=January 17, 1996 |page=D1 |first=Wayne |last=Scanlon |title=Palladium is built and now the Senators' time has indeed come}}</ref> The Senators played their first game in their new arena two days later, falling 3β0 to the Montreal Canadiens. On February 17, 1996, the name 'Palladium' was changed to 'Corel Centre' when [[Corel Corporation]], an Ottawa software company, signed a twenty-year deal for the naming rights.<ref>{{cite news |title=COREL PUTS ITS NAME ON OTTAWA ARENA: Computer firm will pay $31M to turn Palladium into Corel Centre |first=Jill |last=Vardy |newspaper=Financial Post |location=Toronto, Ont |date=February 28, 1996 |page=9}}</ref><ref>{{cite news |title=Corel draws on Palladium's rising profile; For Ottawa's software giant, name's the game |last=Panzeri |first=Allen |newspaper=The Ottawa Citizen |date=February 28, 1996 |page=B1}}</ref> When mortgage holder [[Covanta Energy]] (the former Ogden Entertainment) went into receivership in 2001, Terrace was expected to pay off its debt to Covanta in full. The ownership could not refinance the arena, eventually leading Terrace itself to declare bankruptcy in 2002.<ref name="whig"/> On August 26, 2003, billionaire businessman Eugene Melnyk finalized the purchase of the Senators and the arena.<ref name="sbank_site">{{cite news |title=The Melnyk has landed with Senators: New owner's plans include optimism and The Eagles |last=Scanlan |first=Wayne |newspaper=National Post |location=Don Mills, Ont. |date=August 27, 2003 |page=S.6}}</ref> The arena and club became solely owned by Melnyk through a new company, Capital Sports & Entertainment.<ref name="melnyk-death-announce">{{cite press release |url=https://www.nhl.com/senators/news/eugene-melnyk/c-332374066 |title=A Message from the family of Eugene Melnyk and the Ottawa Senators |publisher=Ottawa Senators |website=nhl.com |date=February 28, 2022 |accessdate=March 31, 2022 |archive-date=March 31, 2022 |archive-url=https://web.archive.org/web/20220331072643/https://www.nhl.com/senators/news/eugene-melnyk/c-332374066 |url-status=live}}</ref> In 2004, the ownership applied to expand its seating, and the City of Ottawa amended its by-laws for the venue, increasing its [[seating capacity]] in 2005 to 19,153 and total attendance capacity to 20,500, including standing room.<ref name="sbank_site"/><ref>{{cite news |url=http://tsedb.theglobeandmail.com/servlet/WireFeedRedirect?cf=GlobeInvestor/tsx_f/config&date=20060111&archive=cnw&slug=C1138 |title=Scotiabank Place New Home to Ottawa Senators Hockey |newspaper=[[The Globe and Mail]] |date=January 11, 2006|access-date=January 14, 2008|url-status=dead|archive-url=https://web.archive.org/web/20071101002714/http://tsedb.theglobeandmail.com/servlet/WireFeedRedirect?cf=GlobeInvestor%2Ftsx_f%2Fconfig&date=20060111&archive=cnw&slug=C1138|archive-date=November 1, 2007}}</ref> On January 19, 2006, the arena became known as 'Scotiabank Place' after Melnyk reached a new 15-year naming agreement with Canadian bank [[Scotiabank]] on January 11, 2006, ending the 20-year contract with Corel.<ref>{{cite web |url=http://www.scotiabank.com/cda/content/0,1608,CID11130_LIDen,00.html|title=Scotiabank Place|publisher=Scotiabank|access-date=January 14, 2008 |archive-url=https://web.archive.org/web/20080112074941/http://www.scotiabank.com/cda/content/0,1608,CID11130_LIDen,00.html|archive-date=January 12, 2008|url-status=dead}}</ref><ref>{{cite web|url=http://micro.newswire.ca/release.cgi?rkey=1401111138&view=85223-0&Start=0|archive-url=https://web.archive.org/web/20150904010615/http://micro.newswire.ca/release.cgi?rkey=1401111138&view=85223-0&Start=0|url-status=dead|archive-date=September 4, 2015|title=Scotiabank Place new home to Ottawa Senators Hockey|publisher=Scotiabank|date=January 11, 2006|access-date=January 14, 2008}}</ref> Scotiabank had been an advertising partner with the club for several years and a financial partner with owner Melnyk, and signed a {{CAD|20}} million over 15-years deal; a slight increase over Corel's contract.<ref name="sp-name-change">{{cite news |title=Scotiabank's bargain of the century?: 'We feel we got really good value on the deal' |last=Mayeda |first=Andrew |newspaper=The Ottawa Citizen |date=January 12, 2006 |page=D1}}</ref> While Corel was no longer the arena name sponsor, it continued as an advertising sponsor.<ref name="sp-name-change"/> In 2011, in time for the Senators hosting the NHL All-Star Game, the team installed a new video scoreboard, known as the 'Bell HD' screen, made by Panasonic.<ref name="new-screen">{{cite news |title=Out with the old at Scotiabank Place; New scoreboard to make debut at Tuesday's Senators game |last=Kipp |first=Kyle |newspaper=The Ottawa Citizen |date=December 24, 2011 |page=F.1}}</ref> The new scoreboard increased the video display from {{convert|700|ft2|m2}} to {{convert|2170|ft2|m2}} and added LED rings.<ref name="new-screen"/> On June 18, 2013, the Senators and Scotiabank ended the seven-year naming rights deal. The Ottawa Senators announced a marketing agreement with the [[Canadian Tire]] retail store chain, and as a result, the arena was renamed Canadian Tire Centre on July 1, 2013.<ref>{{cite press release |publisher=Ottawa Senators |url=https://senators.nhl.com/club/news.htm?id=674306 |title=News Release: Home of the Ottawa Senators renamed Canadian Tire Centre |date=June 18, 2013 |access-date=August 28, 2022 |archive-date=March 3, 2016 |archive-url=https://web.archive.org/web/20160303172654/http://senators.nhl.com/club/news.htm?id=674306 |url-status=live}}</ref>
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