Philips Arena is located in Atlanta, Georgia. It is an indoor arena that is home to the Atlanta Thrashers, the Atlanta Hawks and the Atlanta Dream. It was completed in 1999 at a cost of $213.5 million. Philips Arena is owned by the Atlanta Fulton County Recreation Authority. Philips Electronics purchased the naming rights. Philips Arena is one of the busiest concert arenas in the world. It sold over 550,000 concert tickets in 2007. The facility has also hosted the NBA All-Star Game, US Figure Skating Championships, the NHL All-Star Game and WWE events.