In November 2019, the Montgomery County Commission approved funding for the new event center, with
Austin Peay State University signed to be the main tenant and the
Nashville Predators signed to manage the facility. The new arena is able to host basketball games, hockey games, concerts, and other events. The complex also features two ice rinks and a practice gym for Austin Peay Men's and Women's Basketball. Austin Peay, the Nashville Predators, and Clarksville-Montgomery County broke ground on F&M Bank Arena in Nov. 2020. The ceremony was celebrated by Montgomery County Mayor Jim Durrett, Clarksville Mayor
Joe Pitts, Austin Peay Vice President and Director of Athletics Gerald Harrison, and Nashville Predators Vice President Danny Butler breaking ground at the previously named Montgomery County Multi-Purpose Event Center. Sabertooth Sports and Entertainment, which is owned by the Nashville Predators, operates the arena. On July 30, 2021, F&M Bank officially agreed to a naming rights deal for the Arena. Construction was completed by January 2023, with the arena officially holding its Grand Opening Celebration July 15, 2023. The arena is part of a broader revitalization project of downtown Clarksville. Across the street from the arena, a three-story restaurant development called Shelby's Trio was built, consisting of a rooftop bar and two restaurants. Set to be built behind the arena is Riverview Square, which will consist of restaurants and shops, as well as the completed renovation of the Riverview Inn, which became a
DoubleTree by
Hilton hotel. A parking garage was completed in 2025 as part of this development. Ford Ice Center which operates year-round will be the home of Austin Peay's new club hockey team. On May 18, 2024, the arena hosted its first
Arena Football League game when the
Nashville Kats hosted the
Wichita Regulators. It was again enlisted to host a Kats home game in 2025, by which point the Kats were in
Arena Football One, after the Kats' game against the
Corpus Christi Tritons was rescheduled due to turmoil within the Tritons organization. The arena hosted the Kats' home playoff game. The Kats will call the arena home in 2026 with their future at the arena beyond this season unknown . ==References==