Can we have 2 Event CPT

Sorry if this has already been addressed, my client just informed me after we already renamed Events to Auctions and added all the Categories of Auctions to it that he also wants Local Events to be added, with its own group of categories -like concerts, exhibitions, etc (so Local Events cannot be a category of the Events we have already renamed for Auctions, can this be done simply by creating a New CPT and naming it Local Events, then creating categories for it? I did not see a way to specify if it was to be a “Place” or “Event” I think I would also need a new CPT for the Local Venues to have an account to create their local events, so those two CPTs would then be linked? Am I understanding this correctly or not?