The Bolshoy Ice Dome is a description of a 12,000-seat multi-purpose arena in Sochi, Russia, that was opened in 2012. "Bolshoy" literally means "Major", hence the correct English name for the Bolshoi Ice Palace would be the "Major Ice Palace". It is was opened in 2012. It will host some of the ice hockey events at the 2014 Winter Olympics along with Shayba Arena. The venues will be located 300 m apart. It cost about $180.1 million to build the venue, including the temporary works for the Olympics. After the Olympics, it will serve as a sports arena and concert venue.