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Developer Oak View Group announced the investment Monday but financial terms were not released.
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The 27-year-old Gilgeous-Alexander plays for the NBA champion Oklahoma City Thunder and is the league’s reigning most valuable player.
The investment is framed as a long-term commitment to Hamilton’s economic and cultural growth.
‘Hamilton shaped who I am’
“Becoming part of the ownership group at TD Coliseum is really personal for me,” Gilgeous-Alexander said in a release.
“Growing up in Hamilton shaped who I am, so having the opportunity to help build something special in my hometown means everything.”
The partnership includes naming the Ares Atrium inside the arena, a tribute to his son.
Gilgeous-Alexander has also cited his long-standing connection to music and a desire for the arena to attract major artists and live performances. The revamped arena opened in November with Paul McCartney.
“We are excited to welcome Shai and his family to the TD Coliseum team,” said Oak View chief executive officer Chris Granger.
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Gilgeous-Alexander was honoured in Hamilton last August, receiving the key to the city and having a street named after him following the Thunder’s NBA championship run.
Home to Hamilton sports
The 18,000-seat TD Coliseum was renamed in November after a $300-million renovation of the arena, which opened in 1985.
The venue in the middle of the Steel City’s downtown connects to mall Jackson Square and has long been the home of GTHA sports teams, such as hockey team Hamilton Bulldogs, basketball team Hamilton Honey Badgers and currently home to the Toronto Rock of the National Lacrosse League
— With files from the Canadian Press
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