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Hurricanes extend their arena lease in Raleigh through 2044 as part of a major renovation project

Summary by Ground News
The extension announced Tuesday comes with major renovations to the building and development of the land around it. The agreement was made in conjunction with North Carolina State because the school plays its home men's basketball games in the arena and football across the parking lot. The deal includes a $300 million investment from the City of Raleigh and Wake County.

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Associated Press News broke the news in United States on Tuesday, August 15, 2023.
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