The nickname Wellblechpalast (corrugated roof palace), coined by a journalist during the early 1990s, originally had a pejorative connotation that to characterised both the destitute natures of the building and the Eisbären Berlin ice hockey team, which at the time regularly finished at the bottom of the standings. However, the name stuck and assumed a cult status among the club's fans. The arena accommodates 4,695 people; the seating capacity is 1,600, with 3,095 standing on the terraces. On 6 October 2001, it was officially renamed to Wellblechpalast.
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