In 1962 the arena was purchased by the Mecca entertainments company, who spent almost £350,000 on various improvements including a restaurant and cocktail bar, and renamed the rink as Silver Blades, it being one of several in a chain of Silver Blades ice rinks that the company operated in the UK.
However, by the end of the twentieth century the building was proving very expensive to maintain and it had begun to fall into disrepair.
During its last years, the arena was in substandard condition from a safety point of view, and would have required extensive refurbishment, including to the curved ceiling, to remain operative.
[5] In 2001 Tesco bought the site in preparation for a proposed multi-million pound Streatham Hub development, which was to include not only a new Olympic sized ice rink but also a public leisure centre with a 50 metre long swimming pool, 250 homes and a large Tesco store.
The arena finally closed on 18 December 2011, was demolished, and later replaced by the mixed-use development complex which opened to the public on 18 November 2013.