• Loading stock data...
Friday, October 17, 2025

Hurricanes’ Arena District Set For $1.1B Transformation

  • Hurricanes owner Tom Dundon will spend $800 million to redevelop areas surround PNC Arena.
  • Local governments in Raleigh, N.C. will fund $300 million of renovations to the arena.
Jaylynn Nash/Carolina Hurricanes

The Carolina Hurricanes’ long-awaited renovations to PNC Arena represent a $1.1 billion transformation of the hockey venue and its surrounding footprint in downtown Raleigh, North Carolina.

With a new 20-year lease signed, $300 million will be spent by local authorities to upgrade the Hurricanes’ home ice, which also houses the N.C. State men’s basketball team. Team owner Tom Dundon will fund $800 million of redevelopment on the 80 acres surrounding PNC Arena during the life of the lease.

The first phase of projects surrounding the arena will be completed within five years and include retail, dining, and office spaces, as well as residential units, a hotel, and an indoor music venue that can fit up to 5,000 people. There are also plans for a sports betting lounge. 

Specific renovations to the arena itself will be determined soon.

Trending With The Times

Sports-centric “mini-cities” continue to be popular for professional teams and their local governments.

In Cleveland, the Browns are exploring a vast redevelopment project along Lake Erie, while Colorado Rapids owner Stan Kroenke wants to make their stadium site a year-round destination for MLS fans.

The NHL’s Pittsburgh Penguins have plans for $30 million in renovations to PPG Paints Arena, and the Philadelphia Flyers are close to completing $400 million worth of renovations to Wells Fargo Center. That project has caused controversy between the team’s owners and the NBA’s 76ers, who are arena tenants but exploring a downtown venue of their own.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jon Ledecky

Islanders Owner Warns WNBA Against Labor Strife: ‘No Bueno’

Jon Ledecky drew a stark contrast between the two leagues.

NHL Expansion Fee Soars to $2B As League’s Value Surges

The buy-in price for the league will more than triple.
Jan 8, 2024; Philadelphia, Pennsylvania, USA; Philadelphia Flyers goaltender Carter Hart (79) makes a save against the Pittsburgh Penguins during the second period at Wells Fargo Center

Golden Knights Add Hockey Canada Trial’s Carter Hart

Hart is the only acquitted player to sign with an NHL team.
May 25, 2025; Indianapolis, Indiana, USA; Derek Jeter walks the red carpet on Sunday, May 25, 2025, ahead of the 109th running of the Indianapolis 500 at Indianapolis Motor Speedway

The Players’ Tribune Is Still Kicking 11 Years Later

Founder Derek Jeter is still closely involved in the publication.

Featured Today

Las Vegas Aces center A'ja Wilson (22) celebrates with her teammates after her last second shot to take the lead 90-88 against the Phoenix Mercury in Game 3 of the WNBA Finals at Mortgage Matchup Center in Phoenix on Oct. 8, 2025.
exclusive

Standoff Over WNBA’s Future Has Dominated Finals

CBA negotiations have stolen the spotlight from the Aces’ dominant performance.
Paul Cartier
October 5, 2025

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.

Steelers’ Shared Stadium With Pitt Comes Under Fire for Bad Turf

The conditions at Acrisure Stadium have been subpar this season.
October 13, 2025

Browns, Cleveland Reach $100M Deal to Clear Team’s Move to Suburbs

The surprise truce includes financial payments and the dismissal of lawsuits.
October 15, 2025

Bears Hit Another Speed Bump for New $5B Stadium in Suburbs

A new state bill would impose several conditions on the NFL team.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Nov 17, 2024; New Orleans, Louisiana, USA; Detailed view of a Cleveland Browns helmet on a time out against the New Orleans Saints during the first half at Caesars Superdome.
October 7, 2025

Cleveland Takes New Shot at Blocking Browns’ $2.4B Stadium

A new lawsuit challenges a permit for the NFL team’s planned stadium.
October 7, 2025

Rays Owner Eyes New ‘Forever Home’ Like Atlanta’s Battery

The club’s new owners target a new ballpark opening in 2029.
Sep 23, 2025; Dallas, Texas, USA; Dallas Stars forward Adam Erne (76) looks on during the game between the Dallas Stars and the Minnesota Wild at American Airlines Center
exclusive
October 3, 2025

Dallas Stars Eyeing Possible Move to Plano in 2031

The team needs to figure out where they’ll play starting in 2031.
Chicago Bears stadium rendering
October 1, 2025

Bears Want $855M in Public Money for Suburban Stadium

The NFL team details an updated ask for public money.