PNC Arena (originally Raleigh Entertainment & Sports Arena and formerly RBC Center) is an indoor arena, located in Raleigh, North Carolina. The Arena seats 19,772 for basketball, and 18,680 for ice hockey, including 66 luxury suites and 2,000 club seats. The building has three concourses and includes a 300-seat restaurant.
It is home to the Carolina Hurricanes of the National Hockey League and the North Carolina State University Wolfpack men's basketball team of NCAA Division I. The arena neighbors Carter–Finley Stadium, home of Wolfpack Football; the North Carolina State Fairgrounds; and Dorton Arena (on the Fairgrounds). The arena also hosted the Carolina Cobras of the Arena Football League from 2000 to 2002. It is the second-largest arena in the ACC and the eighth-largest in the NCAA.
The idea of a new basketball arena first emerged in the 1980s under the vision of Wolfpack coach Jim Valvano. In 1989, the NCSU Trustees approved plans to build a 23,000 seat arena. The Centennial Authority was created by the NC Legislature in 1995 as the governing entity of the arena, then financed by state appropriation, local contributions, and University fundraising. The Centennial Authority refocused the project into a multi-use arena, leading to the 1997 relocation agreement of the Hurricanes (then the Hartford Whalers). Construction began that year and was completed in 1999 with an estimated cost of $158 million, which was largely publicly financed by a Hotel and Restaurant tax. The Hurricanes agreed to pay $60 million of the cost, and the state of North Carolina paid $18 million.