The NHL’s Carolina Hurricanes have agreed to a five-year lease extension that will see them remain at the PNC Arena through July 2029.
The new deal between PNC Arena operators Centennial Authority and the Hurricanes’ parent company Gale Force Sports and Entertainment was reached as the previous lease was set to end in 2024.
“This extension gives us the flexibility and time to make sure we make the best long-term decision for the Hurricanes and the Triangle – whether that means a major renovation, development around this arena or a new arena,” said Hurricanes owner Tom Dundon in a statement. “We have a great place to play, but there are things we need to address based on the age of the facility, the arena’s amenities and the area around the building.”
The 19,000-seat PNC Arena contributes approximately $262 million annually to the Wake County economy, hosting events ranging from Carolina Hurricanes and North Carolina State men's basketball games to major concert tours to family-friendly programming.