RALEIGH — E. Stephen Stroud, an influential Triangle real estate figure who was a key player in the Carolina Hurricanes’ move from Connecticut to Raleigh, has died.

Stroud was involved in several key developments across Raleigh and Wake County, including the Crossroads development in Cary, Imperial Center office park in Durham, Brier Creek and office parks at Highwoods and around Rex Hospital in Raleigh.

The Centennial Authority announced his death.

“Steve Stroud was a true visionary whose dedication and tireless efforts made the Lenovo Center a reality,” said Philip Isley, current chairman of the Centennial Authority. “Steve’s leadership during the arena’s construction laid the foundation for one of the premier sports venues in the country. We are deeply grateful for his service and extend our heartfelt condolences to his family, friends, and all who knew him.”

Stroud chaired the Centennial Authority, which oversees the arena that is home to the Hurricanes and NC State’s men’s basketball team, in its early years, guiding the planning, financing and construction of the arena. He worked with local and state leaders to help attract the National Hockey League’s Hartford Whalers to Raleigh, helping convince then-owner Peter Karmanos to move to North Carolina.

The Hurricanes have won two Stanley Cup championships since moving to North Carolina in 1997, including in June. Stroud served on the authority until 2002.

His work began in the mid-1980s as NC State sought a new basketball arena, but eventually became the Entertainment and Sports Arena in Raleigh. It is known as Lenovo Center today.

“It has done so much for the city.” Stroud told the News & Observer in 2019 when the arena turned 20. “I personally think the building is why national TV folks refer to us as ‘Raleigh’ instead of ‘Raleigh, North Carolina.’ It has helped us raise the identity of this city. Everyone knows where Raleigh is.” 

The road in front of the main entrance to the Lenovo Center is named E. Stephen Stroud Way.

Stroud was raised in Rutherford County before moving to Raleigh in 1961 to attend North Carolina State University. Stroud left NC State during his junior year after getting married and began a real estate career in 1965. He founded Carolantic Reality in 1972 and merged the company, then called NAI Carolantic Realty, with Tri Properties in 2020.

Stroud was named CEO of the year by the Triangle Business Journal in 2016, one of many awards he won in his long career.

Four members of the North Carolina baseball team that finished second in the College World Series were selected in the first 100 picks of the Major League Baseball Draft, led by first-round selection Jake Schaffner.

Schaffner, a transfer from North Dakota State who batted .356 in 68 games (all starts) for UNC this season, was picked in the first round by the Boston Red Sox at No. 20 overall. Schaffner had a .467 on-base percentage and a .552 slugging percentage.

Major League Baseball assigns a slot value to each selection, though teams and players can negotiate to sign for more or less than that total. Each team has a bonus pool that it can use for its draft picks. The top pick is valued at more than $11.3 million. The No. 20 pick has a slot value of $4.37 million.

North Carolina reached the College World Series championship series, but lost in the final game of the best-of-three series to Oklahoma.

Outfielder Owen Hull, who transferred to the Tar Heels from George Mason, batted .393 with nine home runs in 69 games (all starts) for UNC, was also selected by the Red Sox at No. 67 overall. Hull slugged .615 and had a .500 on-base percentage during his lone season at UNC. The No. 67 pick has a slot value of $1.32 million.

Pitcher Jason DeCaro starred for three seasons for UNC, going 26-7 with a 3.46 ERA in 53 career starts. DeCaro was 11-3 for UNC this season in 97.1 innings. The Pittsburgh Pirates picked him at No. 80 overall in the third round and the pick has a slot value of $1.04 million.

Pitcher Ryan Lynch went 10-5 with two saves over 46 career appearances for the Tar Heels. The San Diego Padres picked Lynch at No. 97 overall in the third round, which has a slot value of $808,100.

NC State outfielder Ty Head, who had 12 home runs for the Wolfpack as a sophomore in 2026, was selected in the second round (No. 46 overall) by the Baltimore Orioles. Head batted .279 in 110 games (all starts) for NC State. He had 76 career runs batted in. The No. 46 pick has a slot value of $2.18 million.

NC State pitcher Jacob Dudan, who missed the second half of the 2026 season and underwent surgery on his elbow, was picked at No. 83 overall (fourth round) by the Athletics. Dudan went 10-5 with 11 saves over 57 appearances in three seasons for NC State. Dudan started eight games, the first starts of his college career, this season, pitching 50 innings. The No. 83 pick has a slot value of $988,700.

Later picks:

• East Carolina pitcher Ethan Norby selected No. 122 (fourth round) by Cincinnati Reds (slot value: $632,500)
• Wake Forest third baseman Kade Lewis selected No. 123 (fourth round) by Cleveland Guardians (slot value: $626,500)
• UNC-Wilmington third baseman Trevor Lucas selected No. 129 overall (fourth round) by Seattle Mariners (slot value: $591,700)