2020 Comprehensive Annual Financial Report

Special Events Center, Greensboro Aquatic Center (GAC) and an auxiliary building that houses the Greensboro Convention and Visitor’s Bureau. The projects consisted of replacing and realignment of arena seating, widening concourse areas and concessions, scoreboard and lighting updates, new viewing platform and lounge, new entrances for accessibility, and enclosing entrances for energy savings and security control. More recent improvements include roof replacements, renovations to the Convention & Visitors Bureau , a new $8.2 million pool at the GAC, $2 million in technology improvements, and $1.2 million for improvements to the North Lobby and parking facilities. Funding was also used for housing the NBA Charlotte Hornets G- League team, the Greensboro Swarm. The Coliseum Complex Pavilion has been home court for the team with $6 million in renovations completed in October 2016. The project encompassed a complete transformation of the existing 30,000 square foot pavilion structure into a classic 2,300 seat basketball Fieldhouse, including construction of a new standing seam metal roof, new exterior glass storefront, new exterior architectural facade finishes, and approximately 10,000 square feet of additional team support space for locker rooms and showers. The venue is also designed to accommodate other Coliseum events.

The Coliseum Arena hosted the 2016 USA Masters Games and the 2015 U.S. Figure Skating Championships, an event that made a highly successful North Carolina debut in 2011 and again in January 2020. The Coliseum has hosted the ACC Women’s Basketball Tournament since 2000, with the exception of 2017, including successfully hosting the tournament in early March 2020 and will continue to do so through 2023. The Coliseum also hosted the Atlantic Coast Conference (ACC) Men’s Basketball Tournament for three seasons from 2013 to 2015 and was scheduled to host again in 2020. The first two days of the five-day tournament, planned for March 10- 14, were played as scheduled, while the remaining three days were cancelled due to the coronavirus pandemic. In addition, the Coliseum was scheduled to host the first and second rounds of the 2020 NCAA Men’s Basketball Tournament the weekend following the ACC Men’s Basketball Tournament, which were also cancelled due to the pandemic. Of the projected $20 million economic benefit from the combined 2020 ACC and NCAA tournaments, Greensboro hotels and restaurants were

predominately impacted by the cancellations. In April 2020, the conference announced that the ACC Men’s Basketball tournament will again return to Greensboro Coliseum in 2023. A second announcement came in October 2020 to again host the first and second rounds of the NCAA Men’s Basketball tournament in 2023. With these announcements, along with the previously scheduled ACC Women’s Basketball Tournament, Greensboro will host all three major tournaments in 2023. The White Oak Amphitheatre is located on the southern end of the Greensboro Coliseum Complex campus. The Amphitheatre features a seating capacity of 7,061, including more than 2,000 reserved seats and general admission lawn seating for more than 5,600 patrons. This facility hosts a diverse selection of community events, music, arts and crafts and festival type events. The venue also supports entertainment at the annual Central Carolina Fair. The name White Oak was selected in honor of the City of Greensboro’s “official” tree and a grove of white oaks surround the venue’s seating area. The traditional amphitheater season is a six-month schedule of events running from May through October. The ACC Hall of Champions opened in 2011 and honors the league’s schools, athletes and coaches with displays of sports memorabilia and interactive games to celebrate the storied history of the ACC conference. The facility is open three days per week to the public and hosts special group tours. Funding of the $2.3 million XV