The team was officially named the Wild, with the unveiling occurring at Aldrich Arena in the suburb of Maplewood on January 22, 1998. The new name was introduced to everyone with the song "Born to Be Wild" by Steppenwolf playing over the arena's speaker system. The Minnesota Wild announced its first major sponsorship agreement with MasterCard from First USA. It was the earliest that First USA had ever signed an agreement in advance of a team beginning play (31 months). The State of Minnesota adopted legislation in April, 1998 to loan $65 million to the City of Saint Paul to fund 50% of the estimated $130 million project costs for the Xcel Energy Center in Saint Paul. The legislation also provided that only $48 million of the loan needed to be repaid if the team met the requirements to have an agreement in place during the term of the lease with the Minnesota Amateur Sports Commission. The City of Saint Paul issued an additional $65 million in bonds, with roughly 90% of the debt service on the bonds and the repayment of the state loan coming from scheduled rent and payment in lieu of taxes from the Minnesota Wild. Deconstruction of the Saint Paul Civic Center began soon thereafter and the Xcel Energy Center design was announced. A groundbreaking ceremony for the Xcel Energy Center was hosted in Saint Paul.