Target Center opened on October 13th, 1990, and is owned by the City of Minneapolis. The facility is managed privately by ASM Global. Target has been the naming rights partner of the arena since its opening and the arena has greeted over 36 million guests and hosted more than 5,000 events in that time.
Target Center’s original owners, Marv Wolfenson and Harvey Ratner, owned and operated the venue and the Minnesota Timberwolves for the first 5 years. In March of 1995, Harv and Marv sold the arena to the City of Minneapolis and Ogden Entertainment was brought on board to manage the facility.