Derwent Entertainment Centre, also known as the DEC and known commercially as MyState Bank Arena, is the largest indoor arena in Tasmania and the multi-purpose arena is the primary venue in Hobart for large indoor functions/events. It was constructed in 1989 and is situated in between the waterfront of the River Derwent, the Brooker Highway and Tattersalls Park. At maximum capacity, the DEC can accommodate 8,600 people. For sporting events, the venue can accommodate 5,000 people. On 2 July 2020, NBL Owner & Executive Chairman, Larry Kestelman, announced that the Tasmania government had been successful in its bid for a 10th NBL team. This new team will compete in the 2021/22 NBL season and will carry the Tasmania name. It will see Tasmania hosting their own NBL team for the first time in 25 years, with their home arena announced as the Derwent Entertainment Centre in Hobart. As part of the agreement between the NBL and the Tasmanian Government, the latter will provide $68.5 million -- $20 million of which will go to a new community four court multisport facility -- for upgrades of the Derwent Entertainment Centre, the side's new home arena. In 2019, it was also the main stadium in the NBL Blitz- Preseason Tournament.