''Today the Garden lives," said Richard Krezwick, the FleetCenter's president and chief executive, as he unveiled plans yesterday to rename the arena the TD Banknorth Garden. ''It really is a great day."

The home to both the Celtics and Bruins was previously named the FleetCenter and this new name alludes to the hallowed Boston Garden, both club's old venue.

TD Banknorth, is spending about $6 million a year to rename the arena.