The Pyramid Arena is a 21,000 seat arena located in downtown Memphis at the banks of the Mississippi River. The facility was built in 1991 and is owned and operated jointly by the city of Memphis and Shelby County. It is 32 stories high and has base sides of 180 m; it is the third largest pyramid in the world, and, at 98 m (321 feet) tall, it is taller than the Statue of Liberty. It was the home court for the University of Memphis men's basketball program, and later for the National Basketball Association's Memphis Grizzlies. However, both teams left The Pyramid in November 2004 to move into the newly built FedExForum.