 The arena was also home to the figure skating and short track speed skating competitions of the 2002 Winter Olympics, where it was referred to as the Salt Lake Ice Center.The arena was originally imagined as 20,000-seat home for the Utah Jazz and Salt Lake Golden Eagles to replace the since-demolished arena of the Salt Palace, which had 12,616 seats.Under the leadership and private financing of Utah businessman Larry H. Miller, ground was broken on May 22, 1990, and it was completed on October 4, 1991 in time for late-October basketball games, at a cost of $93 million ($ in dollars.)