A new UNC basketball arena could cost over $700M. Here's why and how much the program could make.
WRAL • • sports
Key Points:
- The University of North Carolina is evaluating seven options for the future of its men's basketball arena, ranging from renovating the 40-year-old Dean E. Smith Center to building a new arena at various on- and off-campus sites, with costs estimated between $153 million and $786 million.
- Key considerations include preserving basketball tradition, enhancing student and fan experience, improving athlete training facilities, and increasing revenue opportunities, with major proposals focusing on renovating the existing arena, building at Odum Village, or constructing a new facility at the Carolina North site.
- The university has spent $1.3 million since 2022 on expert consulting firms to analyze design, construction, financial modeling, and seating strategies, and is engaging stakeholders including former players, donors,
