<P> The Naismith Hall of Fame was established in 1959 by Lee Williams, a former athletic director at Colby College . In the 1960s, the Basketball Hall of Fame struggled to raise enough money for the construction of its first facility . However, during the following half - decade the necessary amount was raised, and the building opened on Feb. 17, 1968, less than one month after the National Basketball Association played its 18th All - Star Game . The Basketball Hall of Fame's Board named four inductees in its first year . In addition to honoring those who contributed to basketball, the Hall of Fame sought to make contributions of its own . In 1979, the Hall of Fame sponsored the Tip - Off Classic, a pre-season college basketball exhibition . This Tip - Off Classic has been the start to the college basketball season ever since, and although it does not always take place in Springfield, Massachusetts, generally it returns every few years . </P> <P> In the 17 years that the original Basketball Hall of Fame operated at Springfield College, it drew more than 630,000 visitors . The popularity of the Basketball Hall of Fame necessitated that a new facility be constructed, and in 1985, an $11 million facility was built beside the scenic Connecticut River in Springfield . As the new hall opened, it also recognized women for the first time, with inductees such as Senda Berenson Abbott, who first introduced basketball to women at Smith College . During the years following its construction, the Basketball Hall of Fame's second facility drew far more visitors than ever anticipated, due in large part to the increasing popularity of the game but also to the scenic location beside the river and the second Hall's interesting modern architecture . </P> <P> In 2002, the Basketball Hall of Fame moved again--albeit merely 100 yards south along Springfield's riverfront--into a $47 million facility designed by renowned architects Gwathmey Siegel & Associates . The building's architecture features a metallic silver, basketball - shaped sphere flanked by two similarly symmetrical rhombuses . The dome is illuminated at night and features 80,000 square foot (7,400 m2), including numerous restaurants and an extensive gift shop . The second Basketball Hall of Fame was not torn down but rather converted into an LA Fitness health clubs . The current Basketball Hall of Fame features Center Court, a full - sized basketball court on which visitors can play . Inside the building there are a game gallery, many interactive exhibits, several theaters, and an honor ring of inductees . A large theater for ceremonies seats up to 300 . The honorees inducted in 2002 included the Harlem Globetrotters and Magic Johnson, a five - time NBA champion, three - time NBA finals MVP and Olympic gold medalist . </P> <P> As of 2011, the current Basketball Hall of Fame has greatly exceeded attendance expectations, with basketball fans traveling to the Hall of Fame from all over the world . Despite the new facility's success, a logistical problem remains for the Basketball Hall of Fame and the City of Springfield . The two entities (along with the riverfront area entirely) are separated by the Interstate 91 elevated highway--one of the eastern United States' busiest highways--which, essentially, inhibits foot - traffic and other interaction between the Basketball Hall of Fame and Springfield's increasingly lively Metro Center . Both the Hall and Springfield have made public statements about cooperating further so as to facilitate even more business and recreational growth for both; however the placement and height of Interstate 91 remain physical obstacles . Urban planners at universities such as UMass Amherst have called for the I - 91 to be moved, or to be re-configured so as to be pedestrian - friendly to Hall of Fame visitors . In 2010, the Urban Land Institute announced a plan to make the walk between Springfield's Metro Center and the Hall of Fame (and riverfront) easier . </P>

When was the new basketball hall of fame built