Initially conceived as an ice arena, the facility eventually became a large multi-purpose venue. It was nicknamed "the House of Suds" because of the large underwriting contribution of local tavern owner James Osborne. The name changed to Seattle Center Arena after the Century 21 Exposition (1962 World's Fair). In 1995 the name changed again, to the Mercer Arena, due to its location on Mercer Street and to avoid confusion with the Seattle Center Coliseum's new name, KeyArena.