The arena is , and boasts a capacity of over 10,000, and 17 luxury suites. As of March 2017, the attendance record for the arena is 10,011, the arena's first ever sellout crowd, for a March 22, 2017 NIT Quarterfinals matchup with the Illinois Fighting Illini. The theater can be configured for concerts, family events, musical theatre, commencements, and other stage shows and sporting events. Local high schools often host graduations at the arena. One of UCF's biggest event, Knighthon, is also held at the arena. The fundraiser is a dance marathon which raises money for Children's Miracle Network. The Addition Financial Arena is owned by the university, and is managed by Global Spectrum, a subsidiary of Philadelphia-based Comcast Spectacor.