Memorial Gymnasium is a 2,500 seat multi-purpose arena in Charlottesville, Virginia. It opened in 1924. It replaced Fayerweather Gymnasium as home to the University of Virginia Cavaliers basketball team until University Hall opened in 1965.HistoryEstablished originally as a memorial to the University's World War I casualties, the facility continues to play a role in the athletic, recreational and physical education-kinesiology programs at the school. The classes of 1920 and 1921 pledged a collected total of $142,000 in support of the gymnasium as a memorial and construction was completed in 1924. From its completion, the gymnasium housed a variety of sporting and social activities, including basketball, boxing and dances. The basketball program was housed in the building for 42 seasons before University Hall opened in 1965. It was also the past home of the swimming and dive teams and indoor track teams. After renovations, the building - now used extensively by the University's intramural programs - also serves as the home arena for the Cavaliers' wrestling and women's volleyball teams.Memorial Gym was the site of President Franklin D. Roosevelt's "Stab in the Back" speech on June 10, 1940, when, in the middle of giving his commencement address to the graduating class, he was informed of the alliance between Italy and Nazi Germany.