wral.com - 12/20/2007
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Raleigh Negotiations between the Carolina Hurricanes and the state authority that owns the RBC Center over an extension of the team's lease at the arena are on thin ice. The Canes are seeking an immediate reduction of their annual rent at the arena from $3 million to $2 million in exchange for adding five years to their lease agreement. The current lease runs through 2019."We've asked for ...
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Money Talks - Canes Want Redo of RBC Lease
Canes Country —
... Last night I was watching the news and there was a report on WRAL about how the Hurricanes, (Gale Force Holdings), were trying to re-negotiate their lease for the RBC Center with the Centennial Authority. Presently the lease is good until the year 2019, but the Canes are asking that the rent be lowered from 3 million to 2 million per year in exchange for adding 5 years on the lease. Now I’m not an expert on lease negotiations or what the market value is on an arena that can seat 18,600 people, but it doesn’t seem logical to me that the rent could be lowered that ...
Hurricanes Want Redo of RBC Lease
Bleacher Report —
... The Carolina Hurricanes and subsidiary, Gale Force Holdings, are trying to re-negotiate their lease for the RBC Center with the local group that operates the building, the Centennial Authority. Presently the lease is valid until the year 2019, but the Canes are asking that the rent be lowered from 3 million to 2 million per year in exchange for adding 5 years on the lease. I’m not an expert on lease negotiations or what the market value is on an arena that can seat 18,600 people, but it doesn’t seem logical to me that the rent could be lowered that significantly. ...
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