TNSE was founded in 2001 by Manitoba Moose co-owner Mark Chipman and several local investors. Their goal was to build a new entertainment and sports venue in downtown Winnipeg to help revive the city's downtown area and possibly one day bring an NHL franchise back to Winnipeg following the departure of the original Winnipeg Jets franchise to Phoenix, Arizona in 1996. Ownership of the Moose was transferred to TNSE in 2003. The 15,321-seat Bell MTS Place was completed in fall 2004 and became the new home of the Moose, replacing the Winnipeg Arena. The arena was built at a cost of $133.5 million on land acquired from Osmington Incorporated, a real estate firm owned by Toronto billionaire David Thomson. In exchange for the land, Osmington took a minority share in TNSE. Chipman and Thomson, through their respective holding companies, now have complete ownership of TNSE. In summer 2010, TNSE opened the MTS Iceplex, an arena and training complex located on the western edge of Winnipeg. The Iceplex features four ice surfaces and is used by several amateur teams, local minor hockey, and recreational leagues. It also serves as the practice facility for the Winnipeg Jets and Manitoba Moose. TNSE realized its goal of landing an NHL franchise in May 2011, when it purchased the struggling Atlanta Thrashers, subsequently relocating the club to Winnipeg and renaming it the Winnipeg Jets. As a result, the Moose were relocated to St. John's, Newfoundland and Labrador for the 2011–12 season and rebranded as the St. John's IceCaps, and became the top minor league affiliate of the Jets. Although the IceCaps were successful both on and off the ice, TNSE opted to return the club back to Winnipeg for the 2015-16 season. The second incarnation of the Manitoba Moose now share the MTS Centre with their NHL parent club and are one of only two AHL teams to have this arrangement.
Bringing the NHL back to Winnipeg
In January 2007, Chipman was invited to meet with NHL executives, including commissioner Gary Bettman, in New York to make a presentation about bringing an NHL team to Winnipeg, either through expansion or relocation. TNSE wasn't alone—the NHL also met with interested parties from Houston, Kansas City, Seattle, and Las Vegas—but were most impressed by the presentation from the Winnipeg group. In 2009, Bettman approached Chipman about the possibility of taking over the struggling Phoenix Coyotes. The Coyotes were on the verge of declaring bankruptcy and were purchased by the league out of bankruptcy court later that year. In October, Chipman made a second presentation to the league about relocating a team to Winnipeg. The Coyotes ownership issue remained unresolved in May 2010. As the league was not prepared to cover the team's losses for another season, the league executive reached a tentative agreement to sell the Coyotes to TNSE, allowing them to relocate the franchise back to Winnipeg. This was intended as a back-up plan, as the league's first choice was to keep the team in Arizona. With no other investors in place, the league asked the City of Glendale to cover the Coyotes losses for the 2010–11 season. Facing a tight deadline, city council voted in favor of the deal rather than risk losing the primary tenant of their arena. According to Chipman, TNSE came "within ten minutes of acquiring ". After a failed bid to sell the team to Matthew Hulziser, the NHL and TNSE resumed their negotiations in spring of 2011. Glendale city council decided to cover the team's losses for another year, so TNSE shifted their focus on another opportunity—to acquire the Atlanta Thrashers from the Atlanta Spirit group. On the morning of May 31, 2011, the sale was finalized and announced at a press conference held at the MTS Centre. The sale and relocation of the team to Winnipeg was approved by the NHL Board of Governors on June 21. Mark Chipman confirmed that the team would be known as the Jets at the 2011 NHL Entry Draft on June 24. The Jets played their inaugural game on October 9, 2011 in front of a sold-out crowd at the MTS Centre, losing 5–1 against the Montreal Canadiens. Although the Jets did not qualify for the Stanley Cup playoffs in their first season, the team was very successful off the ice. It was widely believed that the Jets, playing in the league's smallest market, would require assistance through the NHL's revenue sharing program to be financially viable. However, the team's revenues in 2011–2012 exceeded expectations to the extent that they did not qualify. According to Forbes' 2012 NHL financial report, the Jets generated $105 million US in revenue during their inaugural season, 16th best in the league, and posted operating income of $13.3 million. According to Forbes' 2013 report, the value of the franchise doubled within two years of TNSE's acquisition in 2011. A tradition among Jets fans in recent years is to shout the lyrics "True North" during the singing of O Canada prior to games, presumably in recognition of the ownership group which brought the NHL back to Winnipeg.
True North Square
True North Square is a plaza under construction in downtown Winnipeg. It is a joint venture between TNSE and James Richardson & Sons and is being constructed at the site of the former Carlton Inn hotel, which True North purchased in June 2015 following months of negotiations with the city. The heart of the project is a two-acre public park which will include green space and a public stage. Construction of the public portion of the plaza which will be partially funded by the provincial and city governments as will connecting the buildings to the Winnipeg Walkway. The remainder of the plaza will include four mixed-used towers being constructed adjacent to the park, which will house a luxury hotel, office and retail space, and residential units. The towers, estimated at a cost of $400 million, are planned for completion in 2019.
The Burton Cummings Theatre for the Performing Arts is a 1,600-seat former vaudeville theatre-turned-music venue in downtown Winnipeg. TNSE assumed management of the venue in 2014 through a lease agreement with the not-for-profit theatre's board of directors. Under this arrangement, TNSE also commenced with badly needed repairs and upgrades to the building. In 2016, TNSE exercised its option to purchase the building.
Other venues
The MTS Centre Exhibition Hall was an exhibition centre operated by TNSE from 2010 to 2011. It was located in the now-demolished A&B Sound building across the street from the MTS Centre and hosted three exhibits during its existence. The first show, the controversial, ran from September 2010 to January 2011. Titanic: The Artifact Exhibition, produced by RMS Titanic Inc., ran from February to July 2011. It featured close to 200 of the over 5,500 collected artifacts from the doomed ocean liner. The final show, Da Vinci the Genius ran from August to November 2011.
Charity
The True North Youth Foundation, formerly the Manitoba Moose Yearling Foundation, is a non-profit organization created by TNSE. The foundation raises funds for charitable causes and also runs its own projects: a children's summer camp, a youth hockey school, and Project 11, which promotes mental wellness in schools and youth groups. Project 11, led by TNSE senior vice-president Craig Heisinger, was created in response to the death of Rick Rypien, a former Moose player who suffered from severe depression.
