[2] The Saskatoon Centennial Auditorium was opened April 1, 1968, and was designed by Kerr Cullingworth Riches Associates.

It was part of a major redevelopment of Saskatoon's downtown following the closure of its CNR station; the project also saw the construction of the Midtown Plaza mall.

In 2006 the centre underwent major renovation with funding from TCU Financial Group, giving it naming rights for 10 years as TCU Place Arts & Convention Centre.

The theatre is home to the Saskatoon Symphony Orchestra and aside from hosting major arts performances and conventions, the venue alternates with Regina's Conexus Arts Centre as host of the Telemiracle telethons.

Both venues were stated to be "quickly approaching their end-of-useful life" and not meeting standards in comparison to venues in equivalent markets, with TCU Place in particular "[falling] behind current industry standards for flexible/adaptable spaces, acoustics, exhibit spaces, kitchen service, and typical convention requirements".