Charlotte Hornets’ $215M Arena Revamp Helmed by Black-owned Company

D.A. Everett Construction Group (DAECG), a black-owned firm, is leading a $215 million makeover of the Spectrum Center, home arena of the Charlotte Hornets. Donovan Everett’s company is partnering with industry behemoth Turner Construction to complete the project.

Turner Construction and his company got the Spectrum Center contract after competing against two other respected companies. Everett attributed his and Turner’s successful bids to his firm’s recent refurbishment of the Bojangles Coliseum-Oven Auditorium in Charlotte and Turner’s successful completion of the State Farm Arena renovations for the Atlanta Hawks.

“This project affords D.A. Everett increased visibility of our qualifications and capabilities and allows us to strengthen and grow our experience as sports and entertainment contractors,” Everett told Business Insider.

The “The Reimagine Spectrum Center” project includes upgrades such as fan gathering spaces, 2,500 lower-level seats, concourse enhancements, suite and founders’ levels, new club space, and increased social gathering areas near food/beverage sites.

Everett’s company holds a 20% share in the project, which is expected to generate $15 to $20 million in new revenue for DAECG this year. The firm is expected to get $25 million in 2025, after the majority of the work has been completed.

The project is designed to boost the company’s visibility and establish it as a more prominent participant in the construction industry.As a result, the contracting firm expects revenues of more than $100 million this year, up from a high of slightly more than $70 million last year.

“This project has received a lot of local and national attention, allowing us to become omnipresent. It will also put us in a better position to secure future significant commercial and public assembly projects locally and regionally, which we would not have had otherwise.”

Everett has over 25 years of experience in commercial building and has completed projects worth over $2 billion. His father, a general contractor, has exposed him to the building industry since he was a child.

Before founding D.A. Everett Construction Group in 2013, Everett earned a degree in business management from North Carolina State University and a healthcare construction certificate.



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