In 1958 the arena was sold to Robert Coates and Associates for $152,000, who immediately announced bids to demolish the structure and replace it with a $750,000 shopping center, which was never built.
In 1958, the arena was bought from Robert Coates and Associates for $152,000. The company immediately proposed plans to tear down the structure and build a $750,000 shopping center, but these plans were never realized.