In August 2014, MLSE reached an agreement with the City of Toronto to build a practice facility for the Raptors at Exhibition Place. MLSE paid the $30 million construction cost, and leases the property from the city for $205,000 annually, subject to reassessments for inflation, for a 20-year term, with two options to extend it by a further 10 years, following which the city would take ownership of the building. Construction was completed in time for the team's hosting of the NBA All-Star Game in February 2016. Originally known as the Biosteel Centre, in March 2019, the Raptors reached an agreement with OVO on a naming rights deal to brand the facility as the OVO Athletic Centre.