Support Us Button Widget

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.

271414343_773140660746188_7011179588915334624_n

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

A $800 million mixed-use district around PNC Arena has been approved by the Centennial Authority, enhancing the area for the Carolina Hurricanes, NC State athletics, and other entertainment coming to the 919.

PNC Arena has been allotted $300 million for an arena enhancement project which will begin construction in 2025, upgrading the 25 year old stadium and adding an 80-acre entertainment district surrounding the arena. Initial plans were outlined in August 2023.

Phase one will utilize $200 million, focusing on adding 200,000 sqft of entertainment and lifestyle retail, a 150-room hotel, and 500 apartments with 50 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 — a 4,000+ seat ballroom will be sponsored by Live Nation for music + entertainment acts that come to Raleigh. Think: a bit smaller than Red Hat Amphitheatre. 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.

Canes owner Tom Dundon is in charge of allocating the $800 million in developments over the course of 20 years.

More from RALtoday
Dating back to colonial times, the cherry bounce is a delicious symbol of Raleigh + NC’s early history.
See the Block Gallery’s latest nature-based exhibition before its last day on Friday, Aug. 23. The exhibition is curated by Scott Hazard, the Nature Preserves Artist-in-Residence.
This week — Monday, July 22-Friday, July 26, 2024 — we’re shining a spotlight on the vibrant drink scene in Raleigh.
Randy Woodson has served as chancellor at NC State for 14 years, and the UNC System is tasked with finding a new candidate to fill his shoes.
Oak City is well-represented on the world stage at the Paris 2024 Summer Olympics — these are some locals to watch.
Sponsored
Get a sneak peak into what’s to come for Raleigh’s performing arts scene in the next few months.
Service the Raleigh-Wake community by applying to be a call taker or telecommunicator for the Emergency Communications Center. Find out more about the position and resources before you apply.
Can you match these emoji combinations to Raleigh landmarks + businesses?
How much does it cost to live in Oak City compared to other cities and the US national average? Let’s crunch some numbers.