NOTICE OF PUBLIC HEARING TO CONSIDER FY 2020-2021 OPERATING AND CAPITAL BUDGET OF THE CENTENNIAL AUTHORITY OF THE ENTERTAINMENT AND SPORTS ARENA – WAKE COUNTY

NOTICE is hereby given that a public hearing will be held before the Members of the Centennial Authority at their regularly scheduled board meeting, 12:30 PM, June 4, 2020, to consider the FY 2020-2021 Operating and Capital Budget as received by the Members of the Centennial Authority for the Entertainment and Sports Arena – Wake County. Inasmuch as the North Carolina remains under the Governor’s declared state of emergency due to the COVID-19 pandemic, the meeting will be conducted by way of conference call.   The proposed Fiscal Year 2020-2021 Operating and Capital Budget, and the conference call access information, are available from the Chief Financial Officer of the Centennial Authority: John House, 919-829-8132.

Since opening night (October 29, 1999) PNC Arena has held over 2,000 events for audiences of all ages. NCAA Basketball Tournaments, NHL Stanley Cup Finals, Disney on Ice, Paul McCartney, Pavarotti, Patti LaBelle, Taylor Swift, Ringling Bros. and Barnum and Bailey Circus, USHRA Monster Jam, NHL Entry Draft, Jeopardy College Championship, just to name a few.

Board Members

Carolina Hurricanes

NC State Athletics

Greater Raleigh

Quick Facts
Inception
Groundbreaking - July 22, 1997 Opening Night - October 29, 1999 (Carolina Hurricanes vs. New Jersey Devils)
Capacity
Size - 700,000 sq. feet, a height of 108½ feet, a width of 495 feet, and a length of 635 feet. Capacity - Up to 20,000.
Owner + Operator
Owner - Centennial Authority Operator - Gale Force Sports and Entertainment (A division of the Carolina Hurricanes)
Taxes
Pays more than $2 million in combined payment in lieu of property taxes (PILOT) annually to the City of Raleigh and Wake County (almost $24 million total since 2000) – the only public facility in North Carolina that does so.
Testimonials
Dave Olsen

The Centennial Authority remains dedicated to maintaining a first-class facility as they ensure PNC Arena evolves with technology through upgrades. Having a state-of-the-art arena makes booking major concert and events easier in a very competitive market. The Authority continues to work hard as visionaries, being in the forefront of changing trends in venues around the country. We are proud they have been great stewards of PNC Arena and a consummate partner with the Carolina Hurricanes and Gale Force Sports and Entertainment.

Dave Olsen
Executive Vice President, Gale Force/General Manager of PNC Arena
Crystal Pace

The Centennial Authority has done a fabulous job maintaining the PNC Arena as the premier Entertainment and Sports Arena in the South East since its inception and we look forward to our continued relationship with this fabulous organization.

Crystal Pace
PNC Arena Marketing Manager