Charlotte City Council Approved Stadium Funding For Panthers - WSPA.com

Charlotte City Council Approved Stadium Funding For Panthers

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Associated Press

The city of Charlotte has voted unanimously on an agreement with the Carolina Panthers to make improvements to the team's stadium.

 

Monday night's voice vote by the Charlotte City Council means the city will 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 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.

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 This material may not be published, broadcast, rewritten or redistributed.)

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