Benson pledges $150 million for Smoothie King Center overhaul
Owners propose a $420 million expansion that would add over 2,100 seats, but a funding gap of roughly $200 million remains as the arena lease expires in 2029.
By Ibrahim Howard ·
New Orleans residents will see a major construction project at the Smoothie King Center if proposed renovations move forward. Team officials state the project is necessary to retain the New Orleans Pelicans in the city and to support future events.
Gayle Benson, the owner of the Pelicans and the New Orleans Saints, has committed $150 million in private funds toward the proposed $420 million renovation. Greg Bensel, Senior Vice President of Communications for the teams, described the contribution as a personal commitment to modernize the state-owned facility. He noted that the owner is prepared to back the project with substantial private investment to secure the team's long-term presence in New Orleans.
Sources cited by Nola.com indicate that Governor Jeff Landry is prepared to offer $75 million in state funds for the project. This combination of private and public money leaves a funding gap of approximately $200 million. The Louisiana Stadium and Exposition District, the state agency overseeing the arena, would be responsible for filling that remaining gap.
Rob Vosein, chairman of the Louisiana Stadium and Exposition District, stated that the agency is working to reach a financially sound agreement for all parties. He confirmed that the district has not set a specific timeframe for finalizing the deal.
The proposed construction includes adding more than 2,100 lower-level seats and upgrading the campus area between the Smoothie King Center and the Superdome. While the changes focus on basketball, officials said the upgrades are also essential for the city to host a future Super Bowl. Bensel explained that a renovated center would enhance the city's hosting package by providing quality venues and space for week-long activities, rather than just a football stadium.
The Pelicans' current lease on the arena expires in 2029. Bensel warned that planning, approvals, and construction require time, and delays would increase costs. If an agreement is reached, the teams intend to move the Pelicans' training facility to Champions Square. The owners envision a billion-dollar district in that area featuring restaurants, retail, and public spaces. City officials hope to complete the renovations in time to bid for the Super Bowl in 2031.
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