Opened in October 1998, the Paramount Fine Foods Centre (formerly known as the Hershey Centre) has become the premier sports and entertainment facility in the Greater Toronto Area (GTA). To date the facility has hosted over 3000 event days and welcomed more than 4 million guests. Over its twenty years of operation, the facility and its experienced staff have staged numerous high profile events including regional, provincial, national and world hockey and figure skating championships. The facility has welcomed artists such as Green Day, Russell Peters, Chris Brown, The Tragically Hip, B.B. King, the White Stripes and Hedley.

With this impressive list of profile events the Paramount Fine Foods Centre team has also managed to secure many community events vital to the residents of Mississauga. These events include the annual Carassauga Festival, which draws 100,000 visitors to the Paramount Fine Foods Centre site alone. The Little Native Hockey League has successfully relocated their 200+ team tournament to Mississauga from the North, taking over the Paramount Fine Foods Centre during March Break.

The Paramount Fine Foods Centre is proud to be home to the Mississauga Steelheads of the Ontario Hockey League and the Raptors 905 basketball team, which is part of the NBA G League (the official minor league of the NBA).

In addition to the main event Arena, three attached ice surfaces are the home of hockey teams in all of the major Mississauga and Toronto associations.

In September 2007, a 200,000 square foot expansion, now known as the Sportsplex, opened to the anticipation of soccer enthusiasts throughout the GTA. The complex includes a full size FIFA indoor artificial soccer field, gymnastics centre, triple gymnasium, fitness centre, meeting space and licensed lounge. Outside, two artificial turf fields with a full lighting system is now used year-round, domed in the winter months, for football, soccer and other community sport activities. The Sportsplex welcomes almost 100,000 visitors each month.

Despite the proximity to numerous other similar facilities and the highly competitive Greater Toronto market, the Paramount Fine Foods Centre has established itself as the premier 5000 seat facility in the area.

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