‘This Arena’ video highlights history of Utah Jazz stomping grounds

Terms of the deal were not disclosed, but typically companies pay between $1 million and $3 million per year for naming rights.

The venue’s naming transition to Vivint Smart Home Arena will occur throughout the end of 2015 as the building hosts marquee events beginning with the Garth Brooks World Tour on October 29-31 and the Jazz home opener on November 4.

If you are headed to a Utah Jazz game or a concert in Salt Lake City in the near future, you may have to think about where you are headed. The arena-which originally was called the Delta Center when it opened back in 1991-had been the EnergySolutions Arena since 2006. Many fans disliked the name and associating the Utah Jazz and the property with nuclear waste. Vivint became the frontrunner in the summer, and the deal was finalized in September.

Splashing its name on the arena will help the company recruit tech employees who are in short supply when Utah’s economy is growing as it is now, Dunn said.

Starting this season, the Utah Jazz will be playing in an arena with a new name.

“It’s a great partnership from our perspective they have a few expertise that we want to draw upon to come into the arena and let’s look for ways to improve, let’s improve the fan experience in all aspects”, says Starks.

Blackstone owns 73 percent of Vivint and Pedersen 12 percent, with 6 percent owned by Summit Funds and the rest by various other people or entities.

The additional facets of the deal, beyond the name change, include a mock “smart home” on the concourse of the arena, a few integration of Vivint’s technology into the arena’s luxury suites, and “upgraded security and automation technology” at the basketball facilities. “This agreement extends far beyond a typical “logo-on-the-building” arrangement”. It was renamed EnergySolutions Arena on November 20, 2006.