Current Name: Air Canada Centre
Location: Toronto, Canada
Major Teams: Maple Leafs (NHL), Raptors (NBA)
Cost of Naming Rights: $1.5 million/year
Construction Cost: $265 million (Canadian)
The naming rights for Toronto's major stadium, which is also known as the ACC or the "Hangar," predated the bankruptcy of Canada's largest airline. Four years after the stadium opened in 1999, Air Canada filed for bankruptcy, throwing the $1.5 million a year rights deal into question. But Air Canada emerged from bankruptcy in September 2004, 18 months after its filing, and kept its namesake.