 It was completed in 2013 and replaced the Bob Devaney Sports Center as the home of the Nebraska's men's and women's basketball teams.A turn back tax to support a $25 million bond for a new arena in downtown Lincoln was approved by local voters on May 11, 2010; Pinnacle Bank purchased the naming rights in a 25-year, $11.25 million agreement.The first event at the new arena was NU's 2013 summer commencement ceremony, and the first concert was held a month later when Michael Bublé performed to a sold-out crowd on September 13.