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Target Center is a multi-purpose arena located in Minneapolis that opened in 1990. It hosts major family shows, concerts, sporting events, graduations and private events. Target Corporation, founded and headquartered in Minneapolis since 1902, has held the naming rights to the arena since its opening.
The arena has been the home to the Minnesota Timberwolves of the National Basketball Association (NBA) since its opening and is currently also the home of the Minnesota Lynx of the Women's National Basketball Association (WNBA). The facility has also hosted the LFL's Minnesota Valkyrie, the RHI's Minnesota Arctic Blast and the Arena Football League's Minnesota Fighting Pike in the past.
Target Center is the second-oldest arena in the NBA after Madison Square Garden, which was built in 1968.
Original Timberwolves owners Marv Wolfenson and Harvey Ratner built, owned and operated the arena for five years beginning in 1990. The venue was managed by Ogden Entertainment after the city of Minneapolis purchased the arena in 1995. Glen Taylor acquired the Timberwolves in 1994 and the Lynx in 1999.
In 2000, SFX (later Clear Channel Entertainment) took over the contract. The management was changed in May 2004 from Clear Channel to Midwest Entertainment Group, a joint venture of the Timberwolves and Nederlander Concerts.
On May 2, 2007, AEG Facilities assumed the management contract of Target Center. The city of Minneapolis owns the arena and AEG Facilities manages day-to-day operations.
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