According to an article from News and Observer, PNC Arena, which is where the NC State men’s basketball team currently plays home games and is home to the Carolina Hurricanes, has had an estimated $4 billion impact on Wake County since its opening in 1999. Additionally, it has had a $262 million impact in 2018 alone. 

The economic impact study stated that 46 percent of people attending events at PNC Arena are not residents of the county, so they in turn generate $14 million in hotel expenditure revenue and $6 million in restaurant revenue in Wake County, according to The News & Observer.

Centennial Authority, the owner of PNC Arena, requested the information from Wake County and is currently working on hospitality projects and enhancements to the facility that would cost an estimated $200-$300 million. According to the article, the authority is seeking funds to enhance Carter-Finley Stadium, new club and concession spaces in PNC and new office and meeting spaces for the Carolina Hurricanes staff.

The request to expand the PNC Arena and Carter-Finley Stadium still needs approval from Wake County and the city of Raleigh, according to The News & Observer.