Toyota Center
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Established
2003 (21 years old)
Capacity
18,104
Build Cost
US$235 million
Country
United States
Location
Houston, Texas
Coordinates
29°45′3″N 95°21′44″W
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Toyota Center is an indoor arena located in Houston. It is named after the Japanese automobile manufacturer Toyota. The arena is home to the Houston Rockets of the National Basketball Association (NBA), and it was once the home of the Houston Aeros of the American Hockey League (AHL), and the Houston Comets of the Women's National Basketball Association (WNBA).
Rockets owner Leslie Alexander first began to request a new arena in 1995 and attempted to release the Rockets from their lease at The Summit, which ran until 2003. However, he was denied by arena owner Chuck Watson, then-owner of the Aeros, who also wanted control of a new arena. The two sides agreed to equal control over an arena in a deal signed in 1997, but the proposal was rejected by city voters in a 1999 referendum. It was not until the city and the Rockets signed an amended agreement in 2001, excluding the Aeros, that the proposal was accepted.
Construction began in July 2001, and the new arena was officially opened in October 2003. The total costs were $235 million, with the city of Houston paying the majority, and the Rockets paying for enhancements. Toyota paid US$100 million for the naming rights.
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