In 2001, as a means of increasing financing, the arena was named the Dunkin' Donuts Center as part of a naming-rights deal with Dunkin' Donuts. In December 2005, the Rhode Island Convention Center Authority purchased the building from the city of Providence and spent $80 million on an extensive renovation. Major elements of the construction included a significantly expanded lobby and concourse, an enclosed pedestrian bridge from the Rhode Island Convention Center, a new center-hung LED video display board, a new restaurant, 20 luxury suites, four new bathrooms, and all-new seats with cupholders in the arena bowl. Behind-the-scenes improvements included a new HVAC system, ice chiller, and a first-of-its-kind fire suppression system. These renovations were completed in October 2008.