CAROLINA HURRICANES

BY LUKE DECOCK

NHL VALUATIONS $825M FORBES $980M SPORTICO $1.1B ROUSTAN OWNERSHIP TOM Dundon THE LANDSCAPE CHANGED over the summer with a massive agreement between Hurricanes owner Tom Dundon and the authority that oversees PNC Arena, extending the Hurricanes’ lease through 2044, securing $300 million in tourism tax funds for renovations and giving Dundon the right to develop the 80 acres of parking lots that have surrounded the arena since it opened in 1999 into a billion-dollar, multi-use entertainment district that will include retail, housing and an outdoor concert venue. It is the Dallas-based billionaire’s biggest investment yet into the team he purchased from Peter Karmanos in 2018. Since then, the Canes have spent to the cap – well above it last season, thanks to LTIR and injuries to Max Pacioretty and Andrei Svechnikov – during their rise to Stanley…

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The Hockey News (Digital) - 1 Issue, Money & Power 2024

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