The construction of the Oshawa Arena was led by the Hambly brothers, Ernie and Harold, who teamed up with Samuel McLaughlin, Paul Clark, and the Ontario Hockey Association to complete the arena.

Construction began during the Great Depression in October 1929, and was finished in January 1930, with an estimated cost of $100,000.

When the fire was extinguished, the only remains were parts of the brick facade and twisted steel, in a pile of rubble.

Due to the financial losses, and since the fire occurred only one week before the season was scheduled to begin, players were dispersed and team operations put on hiatus.

[5] The Oshawa Civic Auditorium opened as the city's new primary hockey venue in 1964.