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Carolina Hurricanes lease extension and PNC Arena’s mixed-use enhancement approved by Centennial Authority

PNC Arena’s multi-phase, mixed-use enhancement has been approved by the Centennial Authority after the Canes extended their lease until 2044. The arena will also see a bevvy of upgrades, including a multi-story lobby and more fan experiences.

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One of the PNC Arena’s Club Level renovations could be a dedicated kitchen for club suite patrons.

Photo by @canes

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A mixed-use district + PNC Arena upgrades have been approved by the Centennial Authority, enhancing the area for the Carolina Hurricanes, NC State athletics, and other entertainment coming to the 919. New Canes CEO Brian Fork said owner Tom Dundon sees development potentially reaching $1 billion.

PNC Arena

PNC Arena has been allotted $300 million for its enhancement project which will likely begin construction in summer 2025, upgrading the 25-year-old stadium. Initial plans were outlined in August 2023.

Architects Gensler Sports and LS3P unveiled what PNC might look like after upgrades over the next several years. Expect a focus on fan experiences, more restrooms + concession space, a multi-story lobby, a new modern facade for the arena, and more details to be unveiled as plans continue.

A gif of various potential upgrades for PNC Arena.

Take a peek at the potential future of PNC Arena.

Renderings by Gensler Sports and LS3P, provided by The Centennial Authority

Entertainment district

Phase one of the 80-acre entertainment development outside the arena will utilize $200 million, focusing on adding 100,000 sqft of retail and restaurants, 150,000 sqft for offices, a 150-room hotel, and 200 apartments with 20 reserved for affordable housing. The initial phase is anticipated to be completed by 2030.

Additionally, in a following phase — in which a timeline has not yet been determined — expect a 4,000+ seat ballroom sponsored by Live Nation for music + entertainment performances. Think: a bit smaller than Red Hat Amphitheatre with more fan-focused features.

Food + beverage establishments, plazas, a dedicated tailgating section, and convenient parking with direct walking access to PNC and Carter-Finley Stadium will also be made available.

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