![]() In addition the arena's original scoreboard was replaced with a new 9-by-16-foot (2.7 by 4.9 m) video screen and LED signage, LED signage on the upper deck fascia, a new lounge (Club Cambria) and improved access for fans with disabilities. In 2004, Target Center underwent a major renovation that saw the replacement of all 19,006 of its original seats plus the addition of nearly 1,500 new seats as well as the reconfiguration of the lower bowl to make the arena more "fan-friendly". The city of Minneapolis owns the arena and AEG Facilities manages day-to-day operations. On May 2, 2007, AEG Facilities assumed the management contract of Target Center. The management was changed in May 2004 from Clear Channel to Midwest Entertainment Group, a joint venture of the Timberwolves and Nederlander Concerts. In 2000, SFX (later Clear Channel Entertainment) took over the contract. Glen Taylor acquired the Timberwolves in 1994 and the Lynx in 1999. ![]() The venue was managed by Ogden Entertainment after the city of Minneapolis purchased the arena in 1995. Original Timberwolves owners Marv Wolfenson and Harvey Ratner built, owned and operated the arena for five years beginning in 1990. Minnesota Lynx on the Daktronics scoreboard, part of the 2016 renovation Management Target Center is the second-oldest arena in the NBA after Madison Square Garden, which was built in 1968. The facility has also hosted the LFL's Minnesota Valkyrie, the RHI's Minnesota Arctic Blast and the Arena Football League's Minnesota Fighting Pike in the past. The arena has been the home to the Minnesota Timberwolves of the National Basketball Association (NBA) since its opening and is currently also the home of the Minnesota Lynx of the Women's National Basketball Association (WNBA). Target Corporation, founded and headquartered in Minneapolis since 1902, has held the naming rights to the arena since its opening. It hosts major family shows, concerts, sporting events, graduations and private events. Target Center is a multi-purpose arena located in Minneapolis that opened in 1990. Minnesota Arctic Blast ( RHI) (1994, 1996) ![]() Minnesota Timberwolves ( NBA) (1990–present)
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