SportsBusiness Daily — Sports Business Resources — your sports business news and information source. Learn More
Advanced
Home About Us Advertise With Us Marketplace/Classifieds College & University Program Subscribe/Trial My Account

Friday
June 13, 2008
Print This Issue


 
MOST VIEWED STORIES
View the top 20 stories
 
Recent Issues
Facilities & Venues

Hurricanes, RBC Center Extend Lease Through October 2024

Hurricanes Ink Lease Extension To
Continue Playing Games At RBC Center
The Hurricanes have signed a five-year lease extension to continue playing at the RBC Center until October 2024, according to David Bracken of the Raleigh NEWS & OBSERVER. Financial details of the new agreement will be revealed Friday at a news conference. The extension follows “nearly two years of negotiations” between Hurricanes parent company Gale Force Holdings and arena owner the Centennial Authority. Hurricanes GM Jim Rutherford said that a key aspect to the deal is Gale Force "receiving additional money from the authority to cover rising utility fees, terrorism insurance and game-day expenses.” Rutherford said of the lease extension, “It makes a big statement on our belief in the continued growth of our sport and the Hurricanes and the market.” Rutherford said that the Hurricanes “will have the option of another five-year extension” when the current agreement expires in 2024. As part of the new agreement, improvements will be made to the arena, including “a new sound system, a renovated club-level restaurant, new flat-screen televisions and the ability to pay for food at concession stands with credit cards.” The agreement also calls for "improvements to the RBC Center's basketball facilities and parking lot that were requested" by N.C. State Univ., which plays basketball games at the arena. The school also will have "more say about how the authority spends $6[M] earmarked for upgrades to the arena" (Raleigh NEWS & OBSERVER, 6/13).


Get A Free Trial To SportsBusiness Daily

Reader Comments

To post comments on this article, log in or register for a free trial.

Related Stories By Company Related Stories By Sport
Hurricanes Tab IDeaS To Analyze Ticket Sales
August 25, 2009 : SportsBusiness Daily

NHL Unveils Regular Season TV Schedule
August 20, 2009 : SportsBusiness Daily

Versus Continues To See Ratings Jump
May 22, 2009 : SportsBusiness Daily

Canes Expect Contingent Of Pens Fans
May 20, 2009 : SportsBusiness Daily

Fans Buying Jets Retro Jerseys From '60s
October 14, 2008 : SportsBusiness Daily

Teams H1N1 Vaccinations Examined
November 6, 2009 : SportsBusiness Daily

Ohio Officials Won't Bail Out Blue Jackets
November 6, 2009 : SportsBusiness Daily

Ducks Partner With Grocer To Feed Families
November 5, 2009 : SportsBusiness Daily

NHLPA Close To Hiring Consultants
November 5, 2009 : SportsBusiness Daily

Maple Leafs, Raptors Receive H1N1 Vaccine
November 5, 2009 : SportsBusiness Daily

ALSO IN THIS SECTION


A Publication of Street & Smith's Sports Group.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (REVISED 2009-06-23) and Privacy Policy (REVISED 2009-06-23).

© 2009 Street & Smith's Sports Group and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Street & Smith's Sports Group.