Over the next five years, the Charlotte Hornets and city government plan to overhaul the NBA franchise’s arena, open a new training center as part of a larger transit project and transform the surrounding neighborhood.
The ambitious agenda emerged after a couple of years of discussions and negotiations, leading to Charlotte City Council’s approval in June of a $275 million package. That includes $215 million worth of upgrades at Spectrum Center and a separate, $60 million practice facility for the Hornets. In exchange, the team agreed to a 15-year lease extension, keeping the NBA here through at least 2045.