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Closing Bell

Hornets Hire CAA Icon To Help Map Out Arena Renovations

The Hornets have "hired sports venue consultant CAA Icon to help the NBA franchise map out future upgrades at Spectrum Center." Lease terms between the city and the team "call for periodic improvements at the arena to keep the building competitive with the rest of the NBA." The city and the Hornets are "midway through a two-year negotiating period for renovations slated to begin construction next fall." Hornets President Fred Whitfield said, "We’ve just started our discussions with the city about how we keep our arena state of the art, how we keep the competitive edge. And we want entertainers to want to choose our venue as the only venue to visit in the Carolinas" (BIZJOURNALS.com, 10/21).

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