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Charlotte Willing to Spend Big for New Arena
By
Basketball Insiders 
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All posts by Basketball InsidersUpdated4 hours ago on April 19, 2024
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The city of Charlotte is prepared to spend $27.5 million in capital improvements for Time Warner Cable Arena, as well as 10 years’ worth of annual payments of $600,000 for ongoing maintenance.
The Charlotte Hornets and the Charlotte Regional Visitors Authority asked the city earlier this year for nearly $48 million in arena improvements, many of which the city and the team said are part of a 2003 operating agreement that requires the 9-year-old building to be among the National Basketball Association’s most modern.
