Charlotte, Panthers Reach Agreement On Stadium - WSPA.com

Proposed Panthers Stadium Improvements Up For Vote

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CHARLOTTE, N.C. -

April 22, 2013 Update

 

The city of Charlotte is voting on an agreement with the Carolina Panthers to make improvements to the team's stadium.

The plan calls for the city to contribute about $87 million for renovations to Bank of America Stadium in exchange for a six-year deal to keep the Panthers in Charlotte.

That's less than the team was seeking for improvements to the stadium, which opened in 1996.

The Charlotte City Council was expected to vote on the agreement Monday night.

The initial plan called for an improvement package that totaled $250 million. The city would have paid half of that, with the state and team paying the rest.

But state lawmakers rejected an increase in the local prepared food and beverage tax to fund that agreement.

April 19

 

The city of Charlotte and the Carolina Panthers have reached agreement improvements of the team's stadium.

The plan calls for the city to contribute about $87 million for renovations to Bank of America Stadium in exchange for a six-year deal to ensure that the Panthers stay in Charlotte.

That's less than the team was seeking for improvements of the stadium the opened in 1996.
City Council is expected to vote on the agreement Monday.

The initial called for an improvement package that totaled $250 million.

The city would have paid half of that, along with other money for stadium maintenance and traffic control costs. The state and the team would have paid for the rest of the project.

But state lawmakers rejected plans for tax changes to fund the project.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

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