• Loading stock data...
Wednesday, December 3, 2025

Hornets Prepared to Pay Beyond City’s $30M for New Practice Facility

  • New ownership continues to spend money less than a year after buying the team from Michael Jordan.
  • Practice facility and arena renovations are supposed to be completed by 2026.
Charlotte Hornets
Jim Dedmon-USA TODAY Sports

The Hornets’ post–Michael Jordan era continues to bear fruit. 

In a determination to get a new downtown practice facility under new owners Gabe Plotkin and Rick Schnall, the Hornets said they are “fully committed” to the new building above the $30 million provided by the city in a new proposal. 

The proposal is part of a $275 million plan the Charlotte City Council approved in 2022 to help renovate the Spectrum Center and build a new practice facility. In January the Hornets unveiled renderings for Spectrum Center improvements, including adding 2,500 seats to the arena’s lower bowl and renovations to concessions, suites, lighting, and signage, among other focuses. 

Despite his greatness on the basketball court, Jordan was both unsuccessful and perhaps frugal as an owner. Plotkin and Schnall, who bought the team from His Airness in August, have wasted no time trying to spend money and strip the roster. The team acquired more draft assets early this month at the NBA trade deadline. Recently the franchise asked the city council, which first approved the proposal in 2022, to redirect half of the $60 million for the practice facility to arena renovations. The city council is expected to vote on the measure in March. 

The $275 million plan helped keep the Hornets in the city through 2045. The practice facility is expected to be near the Spectrum Center in downtown Charlotte, and both the renovations and practice center are expected to be complete by ’26. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jalen Williams

The Thunder Are 20–1. Their Future Is Even Brighter

OKC has the league’s best record and a war chest of picks.
Jan 19, 2024; Miami, Florida, USA; Udonis Haslem speaks after his jersey was lifted to the rafters during the retirement ceremony during halftime of the game between the Miami Heat and the Atlanta Hawks Kaseya Center.
exclusive

Udonis Haslem Settles Out of FTX Litigation

He follows his former teammate Shaquille O’Neal in settling.
ESPN's Dick Vitale and former Auburn basketball player Charles Barkley at Auburn Arena in Auburn, Ala., on Saturday, Jan. 19, 2019. Kentucky leads Auburn 35-27 at halftime.

ESPN-TNT Pact Expands With Charles Barkley–Dick Vitale Collab

ESPN and TNT Sports have worked together on a number of initiatives.
John Fisher
opinion

Tanking Is Hurting Pro Sports More Than Gambling Ever Could

Something much worse than gambling is killing sports.

Featured Today

Big League Wiffle Ball

Celebrity-Backed Wiffle Ball Has Big-League Aspirations

Big League Wiffle Ball team owners include Kevin Costner and David Adelman.
November 24, 2025

How NBA Arena Experiences Went Ultra-Luxe

For the most connected guests, the game has become a secondary attraction.
Nov 23, 2025; Inglewood, California, USA; Los Angeles Rams quarterback Matthew Stafford (9) throws a pass against the Tampa Bay Buccaneers during the fourth quarter at SoFi Stadium.
November 24, 2025

Stafford, Rams Rise From the Pack to Super Bowl Contention

The NFL team now has the top odds to win Super Bowl LX.
Nov 16, 2025; Orlando, Florida, USA; NJ/NY Gotham FC celebrate after scoring during extra time against Orlando Pride at Inter&Co Stadium
November 22, 2025

The NWSL Is Growing at Breakneck Pace. Can It Keep Surging?

While the league surges, it also must survive two major challenges.

Browns Clear Final Major Hurdle for New $2.4B Domed Stadium

The team’s settlement with Cleveland receives city council approval.
November 19, 2025

Cohen’s $8B Casino Clears Major Hurdle After USTA Dispute Resolved

A late-developing conflict with the neighboring U.S. Tennis Association is resolved.
December 1, 2025

Cohen’s $8B Casino Dream Next to Citi Field Wins State Support

The long-planned casino project is recommended for license approval.
Sponsored

How HOKA is Reimagining the NIL Relationship

On Location is redefining the Olympic experience by creating lasting connections beyond the Games.
November 17, 2025

Bears Are Stacking Up Wins on the Field While Stadium Plans Stalling

The team surprisingly leads one of the NFL’s toughest divisions.
Sep 28, 2025; Cumberland, Georgia, USA; The Atlanta Braves mascot Blooper runs with the Atlanta Braves flag after a victory against the Pittsburgh Pirates at Truist Park.
November 13, 2025

Why Stadiums Are Becoming ‘Modern-Day Malls’

“Sometimes the game can even be an afterthought.”
November 12, 2025

Missouri Governor’s Latest Pitch to the Chiefs: Add a Roof, Not a..

Missouri’s governor is making an unexpected, out-of-the-box suggestion.
Tiger Woods htis a bunker shot on the 3rd green during a practice round in the PGA Championship at the Valhalla Golf Course in Louisville, Ky. on May. 14, 2024.
exclusive
November 11, 2025

White House Adviser: Tiger Woods Is Part of D.C. Public Golf Project

The National Links Trust is renovating three city courses.