The MTS Centre is an indoor arena at 300 Portage Avenue in downtown Winnipeg, Manitoba, in Canada, at the former Eaton's site. It is owned by True North Sports & Entertainment Limited, at a cost of $133.5 million, and is 440,000 square feet (41,000 m2) in size. It opened on November 16, 2004, replacing the since-demolished Winnipeg Arena. It can seat 15,015 spectators for ice hockey and up to 16,333 spectators for concerts. It was formerly known as the True North Centre during planning and construction before Manitoba Telecom Services bought the naming rights for $7 million over 10 years.