**Carolina Hurricanes Secure Approval for $1 Billion Entertainment District**
The NHL’s Carolina Hurricanes have received the green light from the Raleigh City Council to move forward with a major new development at the site of the Lenovo Center arena. The ambitious project will transform 80 acres adjacent to the arena into a vibrant sports and entertainment district.
The approved plans include the construction of hotels, restaurants, apartment buildings, office space, and parking decks. If desired, developments could reach as high as 40 stories.
According to the Triangle Business Journal, the total cost of the project is estimated to exceed $1 billion upon full completion.
The Hurricanes’ development company is expected to begin work on the first phase of the project in late 2025. Phase one will include:
– More than 200,000 square feet of entertainment and lifestyle retail space
– 150,000 square feet of office space
– A 150-room hotel
– Over 500 residential apartments
In addition to the surrounding development, a $300 million renovation of the Lenovo Center arena itself is also planned, further enhancing the area’s transformation into a premier destination for sports, entertainment, and community engagement.
