Hawks and the operating rights to Philips Arena on June 24, 2015, Tony Ressler announced his intentions of remodeling the arena to keep the Hawks in Downtown Atlanta at a cost between $150 million and $250 million. The proposed renovation would rebuild the entire seating bowl to optimize its sightlines for basketball and remove the wall of suites which dominate one side of the arena and replace them with a more traditional suite configuration. The Hawks are also in discussions with the city about building a mixed-use entertainment district similar to L.A. Live around Philips Arena, to better connect it to other nearby attractions such as Centennial Olympic Park and Mercedes-Benz Stadium. On November 1, 2016, the Hawks and the city of Atlanta reached a financing agreement on renovating Philips Arena, with the city contributing $142.5 million and the Hawks $50 million plus cost overruns to the project. With the renovation, the Hawks signed a lease extension lasting through June 30, 2046, with an early termination penalty of $200 million plus the remaining balance of the arena's bonds. The first phase of renovations, completed during the Hawks' 2017 off-season, removed the upper levels of the suite wall, reducing the total number of suites from 90 to 40, and added the Courtside Club behind one of the baskets. Renovations for 2018 were described by Hawks chief operating officer Thad Sheely as a "gut rehab". The arena renovations brought new premium seating areas, connected 360-degree concourses, a new center-hung videoboard three times larger than its predecessor as well as additional videoboards in the corners of the upper decks, new dining options including a bar and grill operated by country group Zac Brown Band and other unique features including an in-arena barber shop operated by Atlanta rapper Killer Mike and Topgolf suites. Over of former office and storage space within the arena was repurposed as "fan space". The first ticketed event at the renovated State Farm Arena was So So Def's 25th anniversary concert on October 21, 2018, while the Hawks' first regular season home game took place on October 24 against the Dallas Mavericks. Due to the renovations conflicting with the WNBA schedule, the Dream announced that they would move their 2017 and 2018 home schedules to McCamish Pavilion on the campus of Georgia Tech, mirroring the Hawks' move to the same venue (then known as Alexander Memorial Coliseum) between the time