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Post by wolfmannick on Apr 21, 2018 8:31:37 GMT -6
The new owner of the canes is an idiot. No one likes these owners that want management to explain every decision that they make, it's like having your boss look over your shoulder at work. The coach has already walked because he doesn't want to explain every decision and minute of ice time he gives out. Wonder if the owner will lighten up a bit and let his president and gm run the team for him.
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Post by mikecubs on Jan 9, 2019 18:02:47 GMT -6
PNC Arena has had $4 billion economic impact on Wake County, Centennial Authority saysWhen PNC Arena turns 20 later this year, it’s estimated the facility will have had a $4 billion economic impact for Wake County since its opening in October 1999. In 2018, the estimated economic impact for the county was about $262 million from the arena. Those were two of the financial figures included in the Centennial Authority’s response to a request for information for hospitality projects by Wake County. The authority, an appointed body, is the arena landlord and is seeking enhancements to the facility that could cost an estimated $200 million to $300 million.The authority is seeking the enhancement funds for:
New hospitality spaces on the south end of the arena facing Carter-Finley Stadium that would have a rooftop bar and restaurant as its centerpiece.
New club and concession spaces in the arena that the authority says will help “showcase the region’s food and beverage culture” while providing additional revenue streams.
New office and meeting spaces on the north end of the arena for staff offices and the “anticipated growth of Carolina Hurricanes operations and management.”The Hurricanes’ lease with the authority ends in 2024, and the authority report said there were “ongoing discussions” with the Hurricanes on lease term options. N.C. State uses the arena for its men’s basketball games and commencement exercises, and the arena has hosted NCAA basketball regionals, concerts and family events. The financial request for the enhancement and expansion needs approval from Wake County and the City of Raleigh, with the money being provided through the city and county Interlocal Agreement, which is funded by the hospitality industry’s hotel/motel and prepared-food tax. “The time has come to make PNC Arena more versatile and competitive so we can continue building on the success of the first 20 years,” the authority request said. Or as executive director Jeff Merritt said Tuesday to authority members, “We need to make sure it fits the 21st Century model of an arena. ... While we’ve done a great job of keeping up the infrastructure and guts and skeleton of the arena, we need to pump adrenaline into the building.” Recent enhancements, requested by Hurricanes owner Tom Dundon, include the installation of a 3D projection system and theatrical lighting. Plans call for a new scoreboard to be installed before next season.The authority’s economic impact study was done by John Connaughton, a UNC Charlotte economist at the university’s Belk College of Business. Connaughton’s study indicated 46 percent of those attending PNC Arena events are from outside Wake County and that the arena generates about 142,000 hotel rooms each year, with hotel expenditures of $14 million a year. It’s estimated $6 million is spent at Wake County restaurants. The authority, in the request, said if enhancement funds are approved this spring, the project could be completed by the summer of 2022.www.newsobserver.com/sports/article224079675.html
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Post by mikecubs on Mar 14, 2019 15:48:37 GMT -6
Proposed PNC Arena renovations could cost $200 millionThe Centennial Authority was presented Friday with architectural renderings of an enhanced and renovated PNC Arena. An 80-minute presentation headed by Bill Browne, president of Ratio Architects of Indianapolis, provided the “new vision” of the arena. The discussion included proposals for a rooftop bar and restaurant on the south end facing Carter-Finley Stadium, the possibility of removing stairwells or suites for more “income-producing spaces” and removing some aisles on the lower level to add more seats.Late in the presentation came the bottom line: the cost. T he projected construction cost value from the Ratio and HOK architects was an estimated $167.4 million to $201.8 million, with additional costs for planning and fixtures. And the scope of the enhancements would be contingent on the authority, the arena landlord, agreeing on a new lease with the Carolina Hurricanes and its parent company, Gale Force Sports & Entertainment.“We’ll move forward. The building is always going to be here,” authority chairman Tom McCormick said Friday. “But ultimately what we’re going to be looking for in the near future is an allocation of money which we might be able to get. How much of that we ultimately get will probably depend somewhat on what the guaranteed future of the Hurricanes here is.” The Canes’ arena lease expires in 2024. McCormick said the authority has “just begun talking” to the Hurricanes on a new lease and have hired a consultant. Recent arena enhancements, requested by Hurricanes owner Tom Dundon, included the installation of a 3D projection system and theatrical lighting. Plans call for a new scoreboard to be installed before next season. N.C. State uses the arena for its men’s basketball games and commencement exercises, and the arena has hosted NCAA basketball regionals, concerts and family events. Money for the arena enhancements would come from Wake County and the City of Raleigh, provided through the Interlocal Agreement, which is funded by the hospitality industry’s hotel/motel and prepared-food tax. In its response to a request for information for hospitality projects by Wake County, the authority noted PNC Arena will have had a $4 billion economic impact for Wake County since its opening in October 1999. Other projects are being considered. If approved, the arena construction would begin in 2020, starting with new office space for the Hurricanes and Gale Force staff and additional meeting spaces. The south end entrance facing Carter-Finley Stadium could potentially be opened up to provide a view into the bowl area, or as Browne said, for fans to immediately feel the arena “experience.”The PNC Arena enhancement and renovations have been in the planning stage since 2015 and the projected cost then was pegged at about $115 million to $120 million “There are a few things in this plan that weren’t in that plan then,” McCormick said. Removing stairwells, removing aisles, adding wider seats, perhaps building lounges on the mezzanine levels below the main concourse level -- there are a number of wide-ranging proposals in the project, not that all will eventually be approved or built.McCormick, speaking for the authority, said he thought the members “probably would like to do all of them.“ “But it’s money and there are other people competing for it,” McCormick said. www.newsobserver.com/sports/article227302779.html
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Post by mikecubs on Mar 14, 2019 15:51:03 GMT -6
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Post by mikecubs on Apr 10, 2019 5:36:39 GMT -6
Centennial Authority approves new scoreboard for PNC ArenaThe enhancement and updating of PNC Arena continued Thursday when the Centennial Authority approved the installation of a new Daktronics HDR scoreboard, a $4.7 million project. The “blueline to blueline” centerhung scoreboard and video display is scheduled to be in place by August and will first be used by the Carolina Hurricanes in their preseason exhibition games. Later in the 2019-20 season will come N.C. State men’s basketball games, although the new videoboard will improve the fan experience at other venue events. The Hurricanes had hoped to have the scoreboard in place this season, and Tom Dundon made a pitch for it soon after becoming the team’s majority owner in January 2018. The current scoreboard, also made by Daktronics, has been used since 2009. Structural changes to the roof of the 20-year-old arena had to first be completed to accommodate the new, heavier scoreboard, pushing the project back a year. The authority, the arena landlord, approved those arena changes while funding the installation of a 3D projection system and theatrical lighting for this season that have been used by the Canes and Wolfpack. Daktronics, based in Brookings, S.D., has new scoreboards in such arenas as Little Caesars Arena in Detroit, T-Mobile Arena in Las Vegas, Xcel Energy Center in St. Paul, Minn., and the Target Center in Milwaukee, authority executive director Jeff Merritt said. “When you go in these buildings and see these scoreboards, and how they liven up the building and the crowd with what you can do with them, it’s a big part of fan entertainment and fan engagement,” Don Waddell, the Canes’ president and general manager, said Thursday. The authority has proposed making significant changes and renovations to PNC Arena, opened in 1999, that could cost as much as $200 million, adding a rooftop restaurant and other amenities. www.newsobserver.com/sports/article228841579.html
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Post by mikecubs on Apr 15, 2019 2:54:56 GMT -6
New PNC Arena Videoboard Plans Unveiledby Editors on April 12, 2019 in Basketball, College, Hockey, NHL PNC Arena videoboard rendering Plans for a new PNC Arena videoboard have been unveiled, with a Daktronics centerhung display coming to the home of the Carolina Hurricanes and N.C. State men’s basketball. Installation will be completed prior to the 2019-20 NHL season. PNC Arena owner The Centennial Authority and Daktronics are partnering to install the 4,000-square-foot centerhung LED display system. The centerhung is nearly three times larger than the existing system and adds to the already-installed 5,250 square feet of digital displays at the arena.“We are committed to maintaining PNC Arena as a first-class facility and providing enhancements that create the best possible fan experience for all events,” said The Centennial Authority Chairman Thomas McCormick. “We are excited to unveil the new centerhung scoreboard at the opening of the 2019-2020 Carolina Hurricanes and NC State men’s basketball seasons.” The centerhung is curved around the corners to provide a large, single canvas presentation that is HDR ready and capable. This single canvas presentation will measure approximately 25 feet high by 148 feet wide and will feature 5.9-millimeter line spacing to bring high-resolution imagery to fans throughout the arena. Each side of the centerhung provides a 25-foot-high by 47-foot-wide viewing experience while each end measures 25 feet high by 27 feet wide. “This new video system will bring a larger-than-life experience to fans and event attendees at PNC Arena,” said Daktronics President and CEO Reece Kurtenbach. “We’re excited to work with PNC Arena, the Carolina Hurricanes and NC State to bring this improved visual centerpiece to their events. As the fan experience at live events continues to be paramount, our team remains dedicated to providing the best possible solutions for our customers to help them exceed their entertainment goals.” Two displays will be mounted to the underbelly of the centerhung to appeal to fans, players and coaches sitting courtside. Each display will measure approximately 10 feet high by 20 feet wide and will feature 3.9-millimeter line spacing to provide optimized resolution for those viewers. The main display features variable content zoning allowing it to show one large image or multiple zoned images. Live video, instant replay, statistics and game information, graphics and animations, and sponsorship messages can all be shown simultaneously or take over the entire display in coordination with specific moments during the event. These displays join approximately 5,250 square feet of Daktronics LED displays currently installed at PNC Arena including two 360-degree ribbon displays, five more ribbon displays, 10 scorer’s tables and an exterior marquee. arenadigest.com/2019/04/12/new-pnc-arena-videoboard-plans-unveiled/
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Post by mikecubs on Apr 15, 2019 2:55:54 GMT -6
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Post by mikecubs on Aug 20, 2019 10:57:14 GMT -6
Wake Approves 'Tourism Tax' Projects; Now Waits For City InputWake County commissioners approved a plan that re-allocates close to $50 million to tourism-related projects in the county per year.Most of the money subsidizes the Raleigh Convention Center, but there are other tourism related projects as well, notably PNC Arena, which is in line to receive $9 million per year for the next 25 years.
The money will finance several enhancements to the home of the Carolina Hurricanes and North Carolina State basketball. Most of the improvements will be to the four entryways. But other improvements are aimed at attracting new restaurants and making the facility an attraction for more than just game days and concerts. Commissioner Susan Evans said she was happy to vote in favor of the project. "It's been a very important venue for our community, and we want to continue to enhance the facility so that it has a bright future," Evans said after the meeting. Revenue to support these projects is not generated from property taxes or fees. Instead, it comes from a special tax on hotels and restaurants in Wake County. The money must be spent on projects that promote tourism. Commissioner Matt Calabria says that creates a virtuous cycle. "This round was about protecting the assets that we already know are huge economic engines," he said. Notably absent in this round was funds for a proposed soccer stadium and mixed-use development dubbed Downtown South. That project has been proposed by Kane Realty CEO John Kane, who famously developed North Hills, and Steve Malik, owner of North Carolina F.C. and N.C. Courage. They have asked for $13 million per year for at least 20 years to subsidize a project that could end up topping $2 billion. There's still a total of $46 million left to be allocated from the tourism fund, though that money is earmarked for "medium projects" between 2021 and 2026. Instead of committing to any funding for the soccer project, commissioners voted for a feasibility study to assess the need and viability of a project in south Raleigh and how such an investment would impact surrounding properties and communities. It's possible more tourism tax money will come available, if taxes collected outpace city staff projections – as happened last year. It's also possible that the city or county could participate in the project in ways other than the tourism tax, said Malik. "When you look at the various ways that the public can participate in this project, it's clear that everyone wants input around affordable housing; around what we do with the greenways; what we do with transit. And we have to have a public partnership to do that," he said. "What this added up to was let's evaluate and get this right. And I think we got great engagement." Funding must be approved by both city and county officials. The Raleigh city council will meet Tuesday to consider approval.www.wunc.org/post/wake-approves-tourism-tax-projects-now-waits-city-input
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Post by mikecubs on Feb 17, 2020 23:25:38 GMT -6
Hurricanes will play in first outdoor hockey game in franchise historyThe Carolina Hurricanes will play in the first outdoor hockey game in franchise history when the NHL Stadium Series comes to Raleigh on Feb. 20, 2021. T he game will be held at Carter-Finley Stadium, NC State's football venue. The NHL had tested logistics at the venue last November, using traffic cones to map where the rink would be constructed on the field. A crowd of more than 50,000 could be in attendance.No opponent has been named. There was heavy speculation that the Washington Capitals, a geographic and playoff rival, would get the call. But the Washington Post reported on Saturday that the Capitals are not the opponent, per a team spokesman. With the Hurricanes getting a Stadium Series event, there are now five NHL teams that have yet to play in an outdoor game: The Arizona Coyotes, Columbus Blue Jackets, Florida Panthers, Tampa Bay Lightning and Vegas Golden Knights. The Stadium Series game held at the Air Force Academy on Saturday night between the Colorado Avalanche and Los Angeles Kings was the 30th for the NHL since Edmonton's Heritage Classic in 2003. www.espn.com/nhl/story/_/id/28711713/hurricanes-play-first-outdoor-hockey-game-franchise-history
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Post by mikecubs on May 28, 2020 15:05:43 GMT -6
Carolina Hurricanes and Centennial Authority agree to lease extension 2 The Carolina Hurricanes and Centennial Authority have come to terms on a five-year lease agreement that will keep the team in PNC Arena. With the new lease, the team is looking towards the future with plans for renovations and improvements.“The Centennial Authority, owners of PNC Arena, and Gale Force Sports and Entertainment, L.L.C announced today that the Centennial Authority board has approved a five-year lease extension with the Carolina Hurricanes. The newly negotiated lease states that the Hurricanes will occupy PNC Arena until July 1, 2029,” the Carolina Hurricanes said in a press release. The plan wraps up one big offseason question for the Hurricanes and allows more attention to be focused onto the team’s future on the ice. “This is something we’ve been working on for well over a year and I can’t thank Tom McCormick and Centennial Authority enough throughout this process,” said Hurricanes general manager Don Waddell. “It’s been very professional and ongoing and the end result is something that we are both very excited about.” The new lease agreement gives the Hurricanes the benefit of stability and will go a long way in the team’s larger plans for arena and venue upgrades. “First, there is a finance expense which is big for the Hurricanes and Gale Force,” Waddell said. “And there’s also the stability. The plan is to expand this building and the property around the building and this lease gives us an avenue to pursue that and also the potential to look and determine what is the best place for this building to be for the future.”Waddell went on to discuss a bit of the overarching goals involved with the five-year extension but wouldn’t dive into any details in regards to what the team and Centennial Authority have planned. He did mention though, that the planned amenities and design phases should start taking shape within the next 24 months. “If the decision is made to stay here long term, then all things [in terms of amenities and expansion] would be on the table,” Waddell said. “We’ve talked about the amenities we would need and Centennial Authority has been progressive on getting the plans and spending a lot of money on those plans and ideas. Nothing is going to happen immediately, but in time. A big part of it in this area is trying to build property around the arena. That was talked about when it was built in 1999 and that’s something that Tom Dundon is real excited about to work with Centennial Authority on.”
The Centennial Authority, which is the governing body of the arena and acts as representatives for the local community needs, views the agreement as a win-win for both sides. “It’s great to get where we are right now, but we have a long way to go,” said Centennial Authority board chair Tom McCormick. “We’ve got to take this term sheet and convert that into an actual contract lease amendment, but it’s the first step to doing that. The Authority believes that the Hurricanes are very important to the community and that’s why we’ve worked really hard to keep them here. “We love hockey, we love the Hurricanes, but also, having professional sports is certainly one aspect of being a first-class, world-class city. Raleigh is that and continues to be that, so it’s important to keep the Hurricanes here. This now gives the city council, the various government officials, the private sector and the hospitality sector an opportunity to decide ‘Do we want to spend a lot of money here, either in this building or in a new building here, or something else to meet our arena needs,’ but we’re happy with this deal.” McCormick expanded that there never felt like much rush to come to a deal. “We didn’t have any discussions if they were going to move and there was never a threat that they were going to move,” McCormick said. “Obviously, it’s still in the back of everybody’s minds. The team is a business, and that’s the reality if a business is not working for whatever reason, whether it’s the location or the lease or any reason of market. But, we’re happy they’re here.” When Tom Dundon became the team’s majority owner at the start of 2018, there were many who were worried if the new owner would invest in the long-term stability of the team in Raleigh, but this new deal eases many of those worries. “I think [Dundon] has learned now to appreciate the market better than initially,” Waddell said. “When he came in, the franchise, from a tenant and business standpoint, was struggling. He only does things one way and he said we’re going to invest into this business and Dundon has put a lot of money into this team. Our payroll this year was one of the higher ones in the league and that’s an investment you have to make to know whether you are going to show up or not. We’ve got a lot going for us not only in Raleigh but the Triangle area and I think with plans of renovating this building, we’re all excited about that.”www.canescountry.com/2020/5/28/21273613/carolina-hurricanes-and-centennial-authority-agree-to-lease-extension
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Post by mikecubs on May 28, 2020 15:08:54 GMT -6
Carolina Hurricanes’ new lease about what’s outside PNC Arena as much as what’s inside
The real commodity brokered in Thursday’s agreement between the Carolina Hurricanes and the PNC Arena authority to extend their lease through 2029 wasn’t money, although there was plenty of that at stake.It was time. This buys five more years of peace. Five more years without Tom Dundon being able to threaten to move the team. Five more years to figure out the future of PNC, whether that’s upgrading the 20-year-old arena and developing the open space around it — or looking back toward downtown. In addition to financial support for the Hurricanes worth about $6 million per season, the term sheet the Centennial Authority approved Thursday by a 16-3 vote includes new penalty provisions should Dundon try to move the team — they were essentially lacking from the current lease — and a “good faith” commitment to explore either a major renovation of PNC or a new arena as 2029 approaches.The latter remains appealing — and expensive. The immediate challenge is making a 20-year-old building look new again. And if it is indeed too expensive to build a new arena downtown, the long-term challenge becomes bringing downtown — or at least something like it — to PNC. “The long-term goal is to do the development around the arena,” Dundon said. “Or it gives us time to work on something for the long term, whatever that is.” The development of the land around the arena isn’t mentioned in the term sheet, but it’s the key to this deal. It’s the key to the arena’s future.“It’s something we’ve talked about quite a bit and Tom Dundon is interested in doing,” Centennial Authority chairman Tom McCormick said Thursday. The arena has sat by itself, alone, isolated, for too long. People come by car and leave by car; a commuter arena. That’s fine for tailgating, but in an era when urban arenas create a pre- and post-game community around them, PNC is almost completely lacking in eating and dining options. It doesn’t take much imagination to imagine what the plaza between PNC and Carter-Finley Stadium would look like as an outdoor mall full of bars and restaurants. There’s enough space on the property for hotels, a second sheet of ice, even mixed-use development that could potentially include office space and apartments. The problem is, and has always been, the numbers painted on each parking spot in the 80 acres the Centennial Authority controls to the west and north of the arena, which include thousands of assigned (and coveted) parking spots for N.C. State football. That’s the hurdle that’s going to have to be cleared for this to work.In the traditional football-donor model, those assigned parking spots have extraordinary value, especially at a school with a tailgating culture as strong as N.C. State’s. Over the years, N.C. State has gone as far as stationing an athletic department employee in Centennial Authority meetings to immediately voice objection to any discussion that might impact a single parking spot. (That did not, however, stop the university from plowing under hundreds of spots to build a new indoor practice facility in 2015.) B ut since taking over as athletic director last year, Boo Corrigan has expressed a willingness to at least explore the conversion of some parking spots into other uses, especially if such development might benefit N.C. State by adding amenities like hotels, bars and restaurants to enhance the gameday experience for both football and basketball.“I think you have to look at everything associated with it: Parking, crowd sizes, the introduction of ridesharing, all of those things,” Corrigan said. “Clearly, tailgating means a lot to our fans. The event of a football game is a different kind of event than going to a basketball game. But a lot of times, in that side of it, it’s ever evolving. To say you felt some way 20 years ago or 10 years ago, whatever it is, you have to constantly be looking at it and talking to our fans and our partners.” If Corrigan is open to replacing some surface football parking with decks and can sell that unpopular option to fans — especially those who might not be as tailgating-focused — the possibilities become endless.There are other areas on the surrounding property that could potentially be developed without any impact to parking, but have environmental issues. One has contaminated soil, another abuts a wetland. That makes development more complicated, but not impossible. The parking lots are the key. Finding a way to turn some of that land into an entertainment district, without negatively altering the N.C. State football experience, is the path forward for PNC and all of its tenants. There’s a nine-year window now to figure it out.www.newsobserver.com/sports/spt-columns-blogs/luke-decock/article243050091.html
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Post by mikecubs on May 28, 2020 15:13:04 GMT -6
So no renovations, a 5 year lease extension to see if they can get part of the parking lot by the college football stadium to build an entertainment district.
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Post by mikecubs on Aug 16, 2023 12:18:12 GMT -6
Hurricanes extend their arena lease in Raleigh through 2044The Carolina Hurricanes have extended the lease at their arena in Raleigh for 20 years through the 2043-44 NHL season. T he extension announced Tuesday comes with major renovations to the building and development of the land around it into a dining and entertainment district with multifamily homes, a hotel and a separate music venue.The agreement was made in conjunction with North Carolina State because the school plays its home men's basketball games in the arena and football across the parking lot. Setting aside 5 acres of the land for dedicated tailgate space is part of the deal. "This development will transform PNC Arena into a year-round destination for residents, while also improving the event day experience for Hurricanes fans, N.C. State fans and concertgoers alike," Hurricanes owner Tom Dundon said. "North Carolina is the home of the Hurricanes, and I am proud to say that the Hurricanes will continue to call PNC Arena home." Philip Isley, chair of the board for the Centennial Authority that owns the arena, called it "one of the biggest economic development projects in the history of the region." The deal includes a $300 million investment from the City of Raleigh and Wake County, $200 million from the team within five years, $400 million within 10 years and $800 million within 20 years, along with 100% of private renovations to the arena the Hurricanes have called home since 1999. "Our goal is to transform PNC Arena into one of the most comfortable, versatile and fan-friendly experiences in the country," president and general manager Don Waddell said. "This project will completely revitalize PNC Arena to make it a state-of-the-art facility at a fraction of the cost of a new arena." www.espn.com/nhl/story/_/id/38197805/hurricanes-extend-their-arena-lease-raleigh-2044
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Post by ekjet72 on Aug 16, 2023 18:49:09 GMT -6
Hurricanes extend their arena lease in Raleigh through 2044The Carolina Hurricanes have extended the lease at their arena in Raleigh for 20 years through the 2043-44 NHL season. T he extension announced Tuesday comes with major renovations to the building and development of the land around it into a dining and entertainment district with multifamily homes, a hotel and a separate music venue.The agreement was made in conjunction with North Carolina State because the school plays its home men's basketball games in the arena and football across the parking lot. Setting aside 5 acres of the land for dedicated tailgate space is part of the deal. "This development will transform PNC Arena into a year-round destination for residents, while also improving the event day experience for Hurricanes fans, N.C. State fans and concertgoers alike," Hurricanes owner Tom Dundon said. "North Carolina is the home of the Hurricanes, and I am proud to say that the Hurricanes will continue to call PNC Arena home." Philip Isley, chair of the board for the Centennial Authority that owns the arena, called it "one of the biggest economic development projects in the history of the region." The deal includes a $300 million investment from the City of Raleigh and Wake County, $200 million from the team within five years, $400 million within 10 years and $800 million within 20 years, along with 100% of private renovations to the arena the Hurricanes have called home since 1999. "Our goal is to transform PNC Arena into one of the most comfortable, versatile and fan-friendly experiences in the country," president and general manager Don Waddell said. "This project will completely revitalize PNC Arena to make it a state-of-the-art facility at a fraction of the cost of a new arena." www.espn.com/nhl/story/_/id/38197805/hurricanes-extend-their-arena-lease-raleigh-2044 the most striking thing I saw about your report was...5 acres for tailgating! That is some serious partying, BBQing and Bud Lite drinking.
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Post by wolfmannick on Aug 17, 2023 10:09:19 GMT -6
Are they drinking bud light yet or is it still taboo
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