top of page
  • Writer's pictureJoseph Oakes

$300 Million In Planned Enhancements Coming To PNC Arena

The Centennial Authority, which owns PNC Arena (the home of the Carolina Hurricanes and NC State Men’s Basketball) announced a $300 million commitment to renovate the Arena. A 20-year lease extension between the Carolina Hurricanes and the Arena was also announced, along with a deal that would give the Hurricanes the rights to develop the land around PNC Arena into an entertainment district to include a small indoor music venue, housing, hotel rooms, and parking decks.

Details of the agreement include:

- A 20-year lease extension between the Hurricanes and PNC Arena. After the 2038-39 season, the team and Arena will negotiate the future of the arena or a replacement one.

- $300 million in Arena renovations. Both NC State and the Hurricanes will get a say in the renovations. The Hurricanes will provide $10 million to furnish a sports betting lounge, team office space, and premium seating areas.

- 3,000 to 5,000-seat indoor music venue adjacent to PNC Arena

- NHL will host the All-Star Game at PNC within three years of the completed renovation and an NHL Stadium Series game within five years of the lease extension.

- At least 95% of the parking lot in the development will be replaced, with 50% being surface parking, and the remaining parking decks.

- 20 acres of development within five years including retail, office space, housing, and a hotel.

- Tailgating: The development will affect Carter-Finley Stadium, home of NC State football and there are concerns about how tailgating for NC State football will be affected. Five acres of land adjacent to Carter-Finley will be dedicated to tailgating for NC State football games and will not be displaced with vertical development.

243 views0 comments

Recent Posts

See All


Commenting has been turned off.
bottom of page