BMO Field is an outdoor stadium located at Exhibition Place in Toronto, Ontario, Canada, which is home to Toronto FC of Major League Soccer and the Toronto Argonauts of the Canadian Football League. Constructed on the site of the former Exhibition Stadium and first opened in 2007, it is owned by the City of Toronto, and managed by Maple Leaf Sports & Entertainment. The stadium's naming rights are held by the Bank of Montreal, which is commonly branded as "BMO" (). BMO Field was originally constructed as a soccer-specific stadium to serve as the home field of the expansion Toronto FC, and hosted matches during the 2007 FIFA U-20 World Cup and 2014 FIFA U-20 Women's World Cup. In 2010, when it was still a neutral-site game, BMO Field hosted the MLS Cup. It has since hosted the 2016 and 2017 finals featuring Toronto FC, under the current practice of giving home field advantage to the side with the better regular season record. The venue has also hosted rugby union, including matches of Canada's national team, and rugby sevens during the 2015 Pan-American Games. From 2014 to 2016, the stadium underwent a series of major renovations, which added an upper deck to the east grandstand and a roof over the seating areas, and lengthened the field to make it suitable for hosting Canadian football. The latter allowed for the Toronto Argonauts to move to BMO Field beginning with the 2016 CFL season, which also saw the 104th Grey Cup played at the stadium. It is one of two Canadian stadiums which will host matches of the upcoming 2026 FIFA World Cup. Construction BMO Field is the fifth stadium to be built at its exact location at Exhibition Place. The most recent was Exhibition Stadium, which lost its primary tenants, the Toronto Argonauts of the Canadian Football League and Toronto Blue Jays of Major League Baseball, with the opening in 1989 of the SkyDome (now Rogers Centre). Exhibition Stadium was demolished in 1999. A number of proposals to build a stadium in Toronto were considered in the 2000s. The Argonauts submitted a proposal to the city to renovate Lamport Stadium and expand its capacity to 19,000. In March 2003 the proposal was modified to constructing a new 22,000 seat stadium at Exhibition Place. That July the Canadian Soccer Association (CSA) announced separate plans for a 30,000 seat $82 million stadium at