Goodbye Air Canada, Hello Scotiabank

– Air Canada Centre in Toronto, Ontario

Air Canada Center in Toronto will be renamed Scotiabank Arena under a naming rights deal that goes into effect July 2018.

The 20-year, $800 million (Canadian) deal between the bank and Maple Leaf Sports & Entertainment was finalized Aug. 29, according to SB Nation. 

The arena is home to the NHL’s Toronto Maple Leafs and NBA’s Toronto Raptors.