[1][2] In 1996, an investor group led by Christophe Huck and Firdaus Siddick planned, built and opened the indoor arena on the same site as the old outdoor rink for $4 million.

Since then, Dan and Ted Graham have been completing renovations in stages and as of 2019 had spent $2.6 million on the facility (figure including purchase price and upgrades).

In 2016, to ready the arena for the 50th anniversary of the opening of the original Gardens outdoor ice rink, the old wooden dasher boards and netting were replaced with new protective barriers and 15 millimetre-thick glass.

Queenstown, who were coached by Bernie Graf and captained by Keith Ponder, won the Erewhon Cup and was placed second in the national club championships during this time.

[2] Since the indoor arena was built in 1996, the venue has had flexibility to host different kinds of events, including: ice sports, sporting tournaments, fundraising events, concerts, cocktail, dinner and work parties, trade shows, product launches, wedding receptions, clinics, workshops and film and commercial shoots.

[9][10][11][12] In 2018, the arena hosted a top-level professional Canada versus United States ice hockey game, to a sell-out crowd.