It is official The Veterans Memorial Arena is now officially The Visions Federal Credit Union Veteran Memorial Arena.

Visions Federal Credit Union and Mirabito have both come forward and sponsored the downtown Arena.

While Visions FCU took the naming rights Mirabito is now sponsoring the box offices in both The Forum and The Arena.

The 10 year deal, which can be extended an additional 5,  includes payments of $60,000 a year. If funding is secured and the more than 20 million dollar renovations the Arena is looking to do are completed then the annual payments will increase to $120,000.

In addition to the annual payments Visions and Mirabito will be providing a fund for the Arena to book more frequent concerts that may not have been possible to book before.

Ty Muse, Visions’ President/CEO commented on what the name change means to Visions, “Partnering with the County and Mirabito furthers our investment in the community, and it’s even better knowing that we’ll have a part in drawing more people to the area. Whether they’re here for LUMA, hockey, or even a concert, they can experience all the great things that the Binghamton area has going for it.”