Durham city leaders have given Capitol Broadcasting, WRAL's parent company, naming rights for a new downtown performing arts plaza.
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Capitol Broadcasting will pay $300,000 a year for up to 20 years for naming rights.
The plaza will feature a performance center that will seat 2,800 people and could offer a variety of mid-size performances throughout the year. It will be located next to the American Tobacco Historic District.
The city broke ground Dec. 18.