A $110-million remodel of the team's downtown arena is underway, and expected to be completed in time for the start of the 2017-18 NBA season. And as they unveiled renderings and plans for the first Wednesday, officials promised a makeover that would give the quarter-century old building new life.

ICON Venue Group, a company that oversees the development and construction of facilities throughout the world, will help manage the project.

"Behind the scenes, this building has great bones," ICON CEO Tim Romani said. "It's a phenomenal building. It allows the renovation project to really focus on fan experience instead of using a large portion of the budget to fix costly problems that are inherent" with an older arena.

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