PNC Arena (originally Raleigh Entertainment & Sports Arena and formerly the RBC Center) is an indoor arena located in Raleigh, North Carolina. The arena seats 18,680 for ice hockey and 19,500 for basketball, including 61 suites, 13 luxury boxes and 2,000 club seats. The building has three concourses and a 300-seat restaurant. PNC Arena is home to the Carolina Hurricanes of the National Hockey League and the NC State 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 fourth-largest arena in the ACC (after the JMA Wireless Dome, KFC Yum! Center and the Dean Smith Center) and the eighth-largest arena in the NCAA. History The idea of a new basketball arena to replace the Wolfpack's longtime home, Reynolds Coliseum, first emerged in the 1980s under the vision of then-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 North Carolina General Assembly 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 then-Hartford Whalers, who would become the Carolina Hurricanes. 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. As part of the deal, the Hurricanes assumed operational control of the arena. Known as the Raleigh Entertainment and Sports Arena (ESA) from 1999 to 2002, it was renamed the RBC Center after an extended search for a corporate sponsor. RBC Bank, the US division of the Royal Bank of Canada, acquired 20-year naming rights for a reported $80 million. On June 19, 2011, it was announced that PNC Financial Services bought US assets of RBC Bank and acquired the naming rights to the arena pending approval by the regulatory agencies. On December 15, 2011, the Centennial Authority, the landlord of the arena, approved a name change for the facility to PNC Arena. The name change