The venue is located on land that was once part of Toronto's inner harbour. Infill of the inner harbour began in the 1850s and accelerated with the arrival of the railroad resulting in the current-day shape of downtown. By 1858, the site was located between two wharves (Rees Wharf and Tinnings Wharf). As land was expanded southward, it remained under government control as possible locations of various Union Station expansions. The majority of the land was still part of the lake up until the early 1900s. By 1925, the northern parcel of the property was turned into Bayside Park, which had been part of an early proposal that was to have seen the lands south of the rail corridor transformed into an extensive lakeside park that followed today's Esplanade. The remaining land was most likely under the control of Central Harbour Terminals.

The multi-purpose arena is located on Bay Street in the South Core district of Downtown Toronto, Ontario, Canada. The arena is 61,780.5 square metres (665,000 sq ft) in size. It is owned and operated by Maple Leaf Sports & Entertainment Ltd. (MLSE), the same group that owns the Leafs and the Raptors, as well as their respective development teams. In 2018, Scotiabank Arena was the 13th busiest arena in the world and the busiest in Canada. Scotiabank Arena is connected to the Toronto Union railway station, subway station and bus terminal via the PATH.

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