Our team has been involved as a consultant and advisor on the Spectrum Center Renovation project since early 2020 and is currently serving as project manager to oversee the renovations to the arena. CAA ICON previously provided a broad scope of work including a venue assessment, feasibility analysis, project development plan, deal structure/lease analysis, and negotiation support with the City of Charlotte. The result is $275 million in public money to finance both arena renovations and a new $60 million practice facility across the street.
The substantial renovations will update and upgrade the nearly 20-year-old facility and will include enhancements to the entrances, seating bowl, premium areas, concessions, restrooms, roof, and other facility systems and spaces. The renovations will take place over the next two summers and be completed for the 2025-26 NBA season.
Services Provided
CAA ICON is currently providing the full scope of Project Management services for the project and previously provided the following:
- Feasibility and Planning
- Venue Assessment
- Market Demand Analysis
- Financial Feasibility Analysis
- Economic and Fiscal Impact Analysis
- Project Development Plan
- Strategic Advisory
- Deal Structure Lease Analysis Support
- Negotiation Advisory
The Team
Marc Farha
Dan Barrett
Shaun Mason
Josh Cohen
Michael Schwan
Marcus Brimley
Josh Koerner
Brett Rasmussen
Kaitlin Sorensen
Cody Hodge
Holly Weldon
Beth Penfield
Brett Rasmussen
