Joe Louis Arena, nicknamed The Joe, is a hockey arena located in downtown Detroit, Michigan. It is the home of the Detroit Red Wings of the National Hockey League. Completed in 1979 at a cost of $57 million, the venue is named after boxer and former heavyweight champion Joe Louis, who grew up in Detroit. Only two other NHL arenas—Madison Square Garden in New York City and Nassau Veterans Memorial Coliseum on Long Island—are without corporate sponsorship names. The fourth oldest NHL venue after the two named above and Rexall Place in Edmonton, Joe Louis Arena is owned by the city of Detroit, and operated by Olympia Entertainment, a subsidiary of Ilitch Holdings. Joe Louis Arena replaced Olympia Stadium.