The CFSB Center is an 8,600 seat arena located in Murray, Kentucky near the intersection of Ky. 121 and U.S. 641. The arena is the home of the Murray State Racers Basketball teams. It was previously known as the Regional Special Events Center, or "RSEC", until the name was changed on September 17, 2010 following a $3.3 million donation from Community Financial Services Bank to Murray State Athletics. While the CFSB Center is commonly used for basketball, it was designed as a multi-purpose facility that also frequently hosts concerts, trade shows, and conventions.HistoryThe Regional Special Events Center was built as a replacement for Racer Arena, the school's former basketball arena. While Racer Arena was structurally sound, it was growing increasingly obsolete, and its capacity of 5,500 proved too small for the men's basketball program. Talk of a new basketball arena began around 1978, when the basketball program was beginning to make big strides toward success. The project became reality in the early 1990s when the Kentucky General Assembly appropriated $18 million for construction of the project on the condition that the school would raise at least $2 million locally. Ground was broken in 1995; however, construction problems and cost overruns delayed completion of the facility until 1998 and pushed the total cost to $23 million for the 188,800 square foot facility.RSEC officially opened on September 12, 1998, but the first event was actually the Kentucky Baptist Youth Conference in June 1998, which took place before construction was completed. Tim McGraw played the first concert at the facility on September 26, 1998 to a crowd of about 8,000 people.