[3] Jules Mastbaum, owner of a movie theater chain (The Stanley Company of America), acquired the building in 1925 and renamed it the Arena.

[4] The arena was the site of several historic sporting events, including the professional debut of Sonja Henie, fresh from her triumph in the 1936 Winter Olympics.

The Roy Rogers Rodeo played the Arena every season for more than 20 years, and in 1946, when a young cowgirl died after riding a bucking bronco, her funeral was held there.

Throughout the history of the Arena, such legends as Sugar Ray Robinson, Lew Tendler, Gene Tunney, Joe Frazier, Jack Delaney, and Primo Carnera fought there.

Evangelist Billy Sunday spoke there, and before the United States entered World War II, Charles A. Lindbergh gave a speech before an America First Committee Meeting.

At the time of Tyrrell's retirement in 1965, the Arena building was sold at auction to James Toppi Enterprises, a sports promotion concern.

In 1980, the Continental Basketball Association's Lancaster Red Roses relocated to the newly named Martin Luther King Jr.

The Kings were coached by longtime 76er and Basketball Hall of Famer Hal Greer and led on the court by former NBA superstar Cazzie Russell.