While preliminary construction had been done, developer DVA Sports had financial and technical problems preventing the completion of the arena.
The arena was to be home to the Gulf Coast Swords ECHL ice hockey team.
However, due to the years of delays, including an almost 2-year hiatus in construction, the ECHL terminated the Swords franchise in September 2006.
DVA Sports managed to have foreclosure auctions postponed twice by making interest payments on their debt until 2009.
[1] The uncompleted building was sold April 21, 2009 at foreclosure auction to Schroeder-Manatee Ranch, one of the property's lien holders.