CFE Arena - Central Florida Educators Credit Union

The CFE Federal Credit Union Arena (CFE Arena) (formerly known as the UCF Arena) is a sports and entertainment arena located in Orlando, Florida on the main campus of The University of Central Florida. It was constructed beginning in 2006 as a replacement for the original UCF arena, and as a part of Knights Plaza. The arena is home to the Knights men's and women's basketball teams. In 2010, the Legends Football League team Orlando Fantasy played at the arena. The Arena also hosted the annual Science Olympiad in 2012 and 2014. For the 2014 season only, it served as the home of the Orlando Predators of the Arena Football League.

The arena is 325,000 square feet (30,000 m²), and boasts a capacity of over 10,000, and 17 luxury suites. The theater can be configured for concerts, family events, musical theatre, commencements, and other stage shows and sporting events. The CFE Arena is owned by the university, and is managed by Global Spectrum, a subsidiary of Philadelphia-based Comcast Spectacor.

Original arena

The arena was originally built in 1991 with a capacity of 5,100 and was home to men's basketball, women's basketball, and volleyball, and was also used for events such as concerts and commencements. It has hosted the Atlantic Sun Conference men's basketball tournament three times, in 1994, 1995, and 2002. The last basketball game played in the original facility was on March 3, 2007, when the UCF men's team beat the East Carolina Pirates, 77â€"64, in Conference USA play.

History

A new arena was built 2007, as part of a larger project to create an athletic village known as Knights Plaza. The new arena, built in the space in front of the original arena, is double the seating capacity of its predecessor, including 7,479 fixed standard seats, 500 club seats, 1,328 retractable seats, 188 disabled seats, 16 luxury suites (seating capacity 192, total capacity 256), two party suites (total capacity 60) and loge box seating for 64. According to the promoters' guide, the new arena has a basketball capacity of 9,465, and can hold up to 10,072 for concert events. The student section has been dubbed the "Knightmare."

The new arena was completed in September 2007 and is the home to both the men's and women's basketball teams. This expansion made the CFE Arena the second largest arena complex in Orlando. Beginning in 2008, the grounds around arena hosted "Light Up UCF", a holiday celebration that features an outdoor ice skating rink. For the event, the arena is decorated with thousands of lights that are synchronized to holiday music.

In October 2008, the CFE Arena was home to one of the largest Presidential Debate Watch Parties ever. On the front lawn of the arena the Presidential Debate was projected onto a large inflatable movie screen while a Lupe Fiasco concert was taking place inside the arena. The Presidential Debate, which was the final debate of the election, was then replayed for the thousands of attendees as they were leaving the concert. Lupe Fiasco actually acknowledged that the debate would be shown after the show and encouraged the attendees to stay and watch it because of the significance of the election.

On May 18â€"19, 2012, the arena hosted the Opening and Closing Ceremonies of the 2012 Science Olympiad National Tournament.

In addition to its use as a basketball arena, the arena is regularly used to host other events on campus, including career fairs, graduation ceremonies, concerts, and public speakers. CFE Arena has increasingly been used in recent years as an alternative to the much larger Amway Center in downtown Orlando.

Naming

UCF expressed interest numerous times in selling the naming rights to the arena. At one point, AirTran Airways was in negotiations to purchase naming rights, but no agreement was ever reached. On May 22, 2013, the UCF Board of Trustees officially announced that the school had entered into a naming rights contract with CFE Federal Credit Union, which has had a long-standing history with UCF. The deal is slated for seven years and is worth $3.95 million, or around $564,286 per year. The new name took effect on May 23, 2013.