The Charlotte Hornets will break ground on their new practice facility in early 2025, the team announced Monday. It's expected to open in time for the 2026-2027 NBA season.
Why it matters: The Charlotte Hornets Performance Center is part of a wave of change along Trade Street, including Spectrum Center upgrades and a new transit center. City leaders see this change as a catalyst for establishing a thriving district.
By the numbers: The city will provide $30 million to the project and Hornets Sports & Entertainment (HSE) will fund anything above that — roughly $70 million to $100 million, Axios previously reported.