All articles tagged with #arena renovation
Portland and Oregon officials are near a roughly $870 million public package to renovate Moda Center in exchange for a 20-year lease guaranteeing the Blazers stay in Portland, funded through state bonds, city and county contributions, and various revenue streams; negotiations continue amid concerns about funding sources and potential team relocation as the sale to Tom Dundon progresses.
UNC released a comprehensive arena study weighing six paths to update or replace the 40-year-old Dean E. Smith Center. Three leading options—Carolina North, Odum Village, and Renovate—carry total costs from about $591M to $786M and potential annual net revenues around $41.6–$62M, with debt service near $25–$29M per year; a fourth option, Repair & Maintain, would be cheaper but could produce a deficit. The plan also evaluates mixed-use potential and the disruptions a renovation would cause. UNC emphasizes presenting all options rather than steering to a single path, with a renovated arena likely for 2028–29 or a new arena around 2030–31.
UNC’s Dean E. Smith Center faces a multimillion-dollar decision as the school weighs renovating the on-campus arena (roughly $591M), building new at Carolina North (about $786M), or a middle-ground site like Odum Village (around $703M). Public backlash from alumni and students helped derail relocation plans, and UNC has released financials and formed an advisory council to balance tradition with the revenue needs of modern college sports.