HURRICANES NAME THEIR PRICE: INPUT ON ARENA'S TITLE RIGHTS
The Hurricanes want "some control over the naming
rights" in return for paying a $20M cost overrun "that
threatens timely completion" of the Raleigh downtown arena,
according to Steve Politi of the Raleigh NEWS & OBSERVER.
The current arena contract gives control of the naming
rights to NC State Univ., which will share the arena with
the Hurricanes. Other concessions the Hurricanes want
include: "additional money from concessions, ticket sales,
advertising and other arena revenue sources;" "greater
participation in the proceedings of the Centennial
Authority;" and "control of property around the arena."
Local officials "are debating whether they can accept" the
Hurricanes' offer (Raleigh NEWS & OBSERVER, 6/18).