Delaware North Companies, owner and operator of TD Garden—home of the Boston Bruins and Boston Celtics—has announced a series of privately financed upgrades and renovations for the venue. The $70 million, arena-wide upgrade is expected to take place over the next two years.

“The Jacobs family is committed to providing the people of Boston with an arena that sets the industry standard,” said Charlie Jacobs, principal of Delaware North Companies and the Boston Bruins. “With TD Garden being nearly 20 years old, we recognize that these renovations are necessary and we are confident that they will transform the fan experience from the moment a patron enters the building.”

The renovation is expected to include the development of a new pro shop, redesigned concourses and an upgraded technology infrastructure.