Wednesday, May 27, 2026

Hurricanes Nearing $300M for PNC Arena Upgrades

  • Carolina Hurricanes owner Tom Dundon wants to transform 80 acres of land around PNC Arena.
  • The Hurricanes had the second-best attendance in the NHL last season.
James Guillory-USA TODAY Sports

The Carolina Hurricanes are set to receive continued investment from their local government — nearly $300 million — to pay for more renovations at PNC Arena.

A special meeting has been scheduled on Tuesday to discuss potential projects that would include a long-term lease for the team at the 24-year-old venue in Raleigh, North Carolina. The Hurricanes averaged the second-highest attendance in the NHL last season, drawing just over 19,500 fans across 41 home games.

Also on the table is a plan for Hurricanes owner Tom Dundon to build a multi-use development on 80 acres of what is mostly parking lots and undeveloped land. That project could include offices, shops, bars and restaurants, a sportsbook — sports betting will be fully legal in North Carolina in 2024 — and a music venue.

Good For ‘Pack, Too

PNC Arena is adjacent to N.C. State’s football stadium, so any further development would serve both pro hockey and college football fans alike.

Specifics for the facility renovations are yet to be determined, as the process has been delayed several times reaching back to before the pandemic began in 2020. PNC Arena’s last significant upgrade was a new $4.2 million video board in 2019.

Next week, the Wake County Commission could officially approve the renovation funding, greenlighting more moves.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

May 24, 2026; Evanston, IL, USA; Northwestern Wildcats attack Kathryn Ratanaproeksa (13) shoots against the North Carolina Tar Heels during the first half at Martin Stadium

Can Women’s Lacrosse Buck the Trend in College Sports?

The sport is fighting to prove its worth in the revenue-sharing era.

Sportradar Hit With Lawsuit Over Alleged Illegal Gambling Ties

The suit alleges investors were harmed by shady overseas business conduct.

Big Money on the Line on Premier League’s Final Day

Arsenal has won the title, but millions are still at stake.
Texas State mascot

Mascot-Reveal Videos Are the Newest College Sports Tradition

Student mascot unmasking videos are going mega-viral.

Featured Today

Charlie Pliner and Nikolas Rohrmann

How 2 Brown Undergrads Became Sports Dealmakers

An experimental project turned into a permanent course and business deal network.
May 14, 2026

NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos

Every year, teams find new ways to one-up themselves (and their rivals).
Bart Swings/Falyn Fonoimoana/Avery Poppinga
May 14, 2026

OnlyFans Is Paying Pro Athletes What Their Sports Won’t

The adult-content platform is a reliable income source for niche athletes.
May 13, 2026

How Sports Graphic Designers Are Grappling With the Rise of AI Art

The release of ChatGPT 2.0 Images sparked a conversation among sports designers.

Bears Stadium Saga Now Tied to Potential $1.5B Tax Break

The local politics around the proposed stadium remain difficult.
May 20, 2026

Political Sparring Intensifies Over Bears’ $5B Stadium Future

The stadium saga is the center of a growing political fight.
May 21, 2026

Rays $2.3B Stadium Plan Survives Narrow Tampa City Council Vote

The Tampa City Council narrowly approves a non-binding stadium agreement.
Sponsored

The Hidden Economy of Race Weekend

Learn more about the Vintage Flying Museum and how Spectrum Business is helping them achieve their business goals while fueling their dreams.
May 4, 2026; St. Petersburg, Florida, USA; Tampa Bay Rays left fielder Chandler Simpson (14) greets right fielder Ryan Vilade (26) at home plate after hitting a three-run home run against the Toronto Blue Jays in the first inning at Tropicana Field.
May 15, 2026

Rays Reach Preliminary Agreement With City, County on Ballpark

The stadium would be located near Raymond James Stadium, home of the Buccaneers.
Sponsored

Fueling Dreams with Spectrum Business

Behind every league, team, and major event are the communities and small businesses helping power the business of sports.
Cleveland Browns players Denzel Ward and Carson Schwesinger, left, join with others as they take part in the ceremonial groundbreaking for the new Huntington Bank Field in Brook Park, Ohio on April 30, 2026.
May 1, 2026

Browns Break Ground on New Stadium, but Funding Still in Limbo

State and local funding for the planned venue is not yet solidified.
April 22, 2026

Royals’ New $3B Stadium Lands Downtown, but Not Where Expected

The MLB club strikes a large-scale development deal with Hallmark Cards.