The Air Canada Centre (ACC) is a multi-purpose indoor sporting arena located on Bay Street in the South Core district of Downtown Toronto, Ontario, Canada. It is the home of the Toronto Maple Leafs of the National Hockey League (NHL), the Toronto Raptors of the National Basketball Association (NBA) and the Toronto Rock of the National Lacrosse League (NLL). In addition, the Toronto Marlies of the American Hockey League play occasional games at the arena, and the Raptors 905 of the NBA G League play occasional games at the venue as well. The area was previously home to the Toronto Phantoms of the Arena Football League (AFL) during their brief existence. The arena is popularly known as the ACC. The arena is owned and operated by Maple Leaf Sports & Entertainment Ltd. (MLSE), the same group that owns both the Leafs and Raptors, as well as their respective development teams, and is 665,000 square feet (61,800 square metres) in size. In 2008, the ACC was the fifth busiest arena in the world and the busiest in Canada. Air Canada Centre is connected to Toronto Union railway station, subway station and bus terminal via the PATH. There are also 13,000 parking spaces. Air Canada Centre has, from its initial design to completion, revolutionized many concepts included in new arenas and stadiums built since then. These features include luxury suites accessible on the ground floor, splitting the main scoreboard into several sections, rotating all sponsor signage in the bowl at once (to allow dominant messaging or "neutralization" for events that disallow commercial advertising), and multiple restaurants in and out of the main arena bowl view. Air Canada Centre also hosts other events, such as concerts, political conventions and video game competitions. On August 29, 2017, it was announced that the arena will be renamed the Scotiabank Arena on July 1, 2018, after Scotiabank secured naming rights in a 20-year, $800 million deal.