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The Petersen Events Center opened in 2002 as the primary home to the University of Pittsburgh men's and women's NCAA basketball teams. The John M. and Gertrude E. Petersen Events Center (its full name) has a seating capacity of 12,508 for most events and was built for $119 million. The Petersen Events Center box office is located at 3719 Terrace Street in Pittsburgh, PA. The Petersen Center tickets have included many concerts, traveling shows, and mostly NCAA basketball games. The University of Pittsburgh Panthers also use the Petersen Events Center for Commencement and other scholastic events.