Canes, PNC Arena announce contract extension

The Carolina Hurricanes are staying put, but everything at and around PNC Arena could be changing.
Posted 8/15/2023, 4:16:33 PM

ABOUT THIS CASE. LOOK FOR

UPDATES BEGINNING TODAY AT 4

HERE ON WRAL. THANKS, BRIAN

CAROLINA. HURRICANES WILL

CONTINUE TO CALL. PNC ARENA

HOME THIS MORNING, GAYLE, FOR

SPORTS AND THE CENTENNIAL

AUTHORITY SIGNED A 20 YEAR

LEASE.

>> DESTINY. PATTERSON REPORTS

THE ANNOUNCEMENT COMES AHEAD

OF EXTENSIVE UPGRADES TO THE

FACILITY.

>> PNC ARENA AS WE KNOW.

IT WILL LOOK VERY DIFFERENT

OVER THE NEXT 2 DECADES.

THAT LEASE EXTENSION AGREEMENT

ALSO INCLUDES UPGRADES TO THE

SURROUNDING AREA. I'M TALKING

HOUSING, RETAIL SPACE AND EVEN

OFFICE SPACE. ALL OF THAT IS

PART OF PHASE ONE DEVELOPMENT

WHICH COMES TO A MINIMUM OF

200 MILLION DOLLARS IN THE

FIRST 5 YEARS. THESE

INVESTMENTS ARE EXPECTED TO

MAKE THIS SPORTS ARENA, PART

OF A LARGER ENTERTAINMENT

DISTRICT NC STATE ALSO USES

THIS ARENA FOR MEN'S

BASKETBALL. THE ATHLETIC

DIRECTOR SAYS HE'S EXCITED

ABOUT THIS BECAUSE A LOT OF

TIMES CAN BE A BIT OF AN ARMS

RACE. IT'S GOING TO BE GREAT

TO BE IN THIS

>> RELATIONSHIP THAT WE HAVE

WITH THE CENTENNIAL AUTHORITY

IS WELL, AS WITH THE HURRICANES

AND WE'RE EXCITED ABOUT

RENOVATIONS TO THE PNC ARENA

COMES FROM THE WAKE COUNTY

HOSPITALITY TAX, RALEIGH CITY

COUNCIL WILL VOTE TONIGHT AND

WAKE COUNTY COMMISSIONERS WILL

VOTE NEXT WEEK ON HOW MUCH

MONEY PNC GETS DESTINEE

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