In May 2012, the Erie County Convention Center Authority and the Erie Insurance Group announced a 10-year, $3 million naming agreement that would rename the former Louis J. Tullio Arena, "Erie Insurance Arena." This renaming coincided with the completion of the current $42 million renovation project that was completed in September 2013. The renovation, designed by Friday/Sink Combs Dethlefs Joint Venture Architects, modernized the arena and added some new sections and a landscaped park entrance. Construction on the project was carried out by the Pittsburgh-based Turner Construction Company. Improvements included additional seating and concourses. To accommodate this, its footprint expanded from the original to . This increased the venue's capacity to 6,833 for hockey, 6,754 for basketball and about 9,000 for concerts. Erie Insurance Arena now has enlarged lobbies, more box office windows, luxury suites, administrative offices, mechanical rooms, training areas, new locker rooms, and a club level sponsored by the "Erie Times-News". Funding for the renovations derived from $32 million pledged by former Pennsylvania governor Ed Rendell, combined with $10 million paid by Erie County. The arena has hosted numerous high school and college basketball games. Two of the most notable basketball games were between Cathedral Preparatory School and McDowell and local colleges, Gannon University and Mercyhurst University. Both games featured rival schools. Both games generated the most attended high school and college basketball games in city history, both selling out at 5,500.