Finally! Commissioners and Council Agree on Arena
Posted April 21, 1997
RALEIGH — After months of disagreements and political power-plays, the Wake County Commissioners agreed Monday to the Raleigh City Council's plan to pay for a proposed arena.
The Centennial Authority was formed 20 months ago to find a way to build a multi-purpose arena on the North Carolina State University campus. Ground has been broken, but the project eventually ground to a halt while politicians went first one way, then the other on how best to fund the project.
Wake County Commission Chairperson Stewart Adcock says he thinks everyone did a good job, but feels Wake County compromised the most.
A hotel tax will now add $48 million to the pot to pay for the facility. The deal comes at a time when the Authority is trying to lure the Hartford Whalers hockey team to Raleigh. Owner Peter Karmanos will visit Raleigh this week for a second look.
Commissioner Adcock says he thinks the arena can be successful with or without the National Hockey League.
Construction bids for the arena will open in May of this year, with construction expected to begin by mid-June.