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Closing Bell

Hurricanes' Lease At PNC Arena Extended Through '29

The Hurricanes now officially have a lease extension at PNC Arena "for five years, through July 1, 2029," after the Centennial Authority, which oversees the property, voted to extend. The team "approved the term sheet on April 20." The previous lease ran through '24, and an "extension has been in the discussion stages for many months, as have major renovations to the arena." The authority had asked architects Ratio and HOK to "recommend possible renovation options but will reconsider any moves until it has a better sense of the economy" post-coronavirus (Raleigh NEWS & OBSERVER, 5/28).

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