In a short, festive ceremony this morning, Dallas Mayor Tom Leppert and businessman T. Boone Pickens inaugurated a $5 million renovation of the downtown YMCA.

The ribbon-cutting at the central staircase officially opened the facility, now renamed for Pickens, whose foundation donated money for the renovation.

The T. Boone Pickens YMCA now features an updated facade, refurbished locker rooms and new workout equipment and facilities on the third and fourth floors.

The downtown Y has been in the present facility since 1982, its seventh home since the Y opened in Dallas 124 years ago.