RALEIGH, N.C — PNC Arena and the surrounding area will soon get a facelift, according to a release from the Carolina Hurricanes hockey team on Thursday.

What You Need To Know

  • The first phase is expected to be completed by 2030

  • The first phase includes 200,000 square feet of retail, 150,000 square feet of office space, a hotel, and 500 apartments

  • Organizers added that parking should be easier and part of the district will be dedicated to tailgating 

Construction on the multi-phase, mixed-use district will start next year, and cost around $800 million.

The first phase, costing $200 million, includes 200,000 square feet of retail, 150,000 square feet of office space, a hotel and 500 apartments. 

Live Nation will also operate a 4,300-seat ballroom for hosting anything from concerts to community events.

“Many people spent years working on this vision that we have now achieved, and I’m deeply grateful for their professionalism and determination. Millions of fans will enjoy the product of that dedication for many years to come,” Philip Isley, Chairman of the Centennial Authority.

Organizers added that parking should be easier and part of the district will be dedicated to tailgating for Hurricanes and N.C. State games.

The first phase is expected to be completed by 2030. Details of the other phases weren’t shared in the release, or whether taxpayer dollars were used to fund the project.

The Hurricanes also signed a lease extension that will keep them in Raleigh through at least 2043-2044. The agreement also triggers a $300 million enhancement project for PNC Arena.

“This long-term initiative will help drive sustained growth in our community and would not be possible without the collaborative efforts of the Centennial Authority, NC State, Wake County and the City of Raleigh,” Tom Dundon, Owner and Governor of the National Hockey League’s Carolina Hurricanes, said in a statement.