Venue – Tbilisi Sport Palace (Georgian: თბილისის სპორტის სასახლე) is an indoor sports arena situated in Tbilisi, Georgia. The arena usually hosts basketball, handball, judo, tennis, boxing and other games and tournaments with high attendance. Built in 1961, the arena was used primely for the basketball games of local Dinamo Tbilisi and is still the largest basketball designed arena in all of the former USSR successor states. The construction was led by architects Vladimir Aleksi-Meskhishvili, Yuri Kasradze, Temo Japaridze and designer David Kajaia. The arena was renovated in 2007 and was reopened on August 22, 2007, with management rights given to the Logic Group Ltd for a 30-year contract. This was the first phase of renovation and reconstruction, with the second phase including changing the roof of the building and installing new individual seats. Total cost of the renovation is estimated at 5 million USD.