Bank of America Stadium

Panthers Get $87.5M Public Money For Stadium

Julie Rose — Tue, 23 Apr 2013 13:28:07 +0000

Charlotte taxpayers will pick up nearly two-thirds of the $147 million tab to renovate and maintain Bank of America Stadium.

The Charlotte City Council voted unanimously Monday night to give the Panthers $87.5 million it will collect through a tax on prepared food over the next 10 years.

Veteran Journalists Challenge City's Secret Meetings With Panthers

Julie Rose — Wed, 03 Apr 2013 13:34:46 +0000

A group of former Charlotte reporters from the 1970s are taking the city to court over its decision to negotiate behind closed doors for tax money to renovate Panthers' stadium.

These same journalists and their lawyer sued the city for violating the state open meetings law in the early 1970's – and won. As a result, Superior Court Judge Frank Snepp placed the city under a permanent injunction against breaking the law.

Charlotte 'Regrouping' On Panthers Funding Plan

Julie Rose — Thu, 28 Mar 2013 12:36:41 +0000

The Charlotte City Council has given up the fight for permission to raise the local restaurant tax as a way to raise money for Panthers' Stadium upgrades.

Councilman James Mitchell says the measure passed by the state house Wednesday is "the best the city will get." It only gives the city flexibility to use existing restaurant tax revenues for the football stadium.

Panthers Stadium Funding Measure Clears State House

Julie Rose — Wed, 27 Mar 2013 20:00:49 +0000

A funding plan for Bank of America Stadium renovations has cleared the state House. On Wednesday afternoon, Representative Ruth Samuelson's measure passed with little debate.

Panthers Stadium Bill Moves Forward In N.C. House

Jim Morrill/Charlotte Observer — Thu, 21 Mar 2013 17:21:46 +0000

RALEIGH A day after speaking to a top Carolina Panthers official, the main sponsor of a bill to help finance improvements to the team’s stadium said Thursday there’s “a natural sense of urgency” to the effort.

Republican Rep. Ruth Samuelson said Panthers President Danny Morrison, just back from NFL meetings in Arizona, told her about public financing plans for stadiums in Atlanta, Buffalo and Minnesota.

Charlotte Offers Compromise Tax For Panthers, Amateur Sports

Julie Rose — Wed, 13 Mar 2013 18:00:05 +0000

Charlotte is up to bat again in Raleigh tomorrow on its other big legislative battle – this one to get approval for a tax hike that would help renovate Bank of America Stadium. Lawmakers balked at the city's initial request to double the local restaurant tax for a period of 30 years. Now the city is offering a compromise.

Deadspin Report: Panthers Profits Nearly $100 Million Over Two Years

Steve Harrison/Charlotte Observer — Fri, 08 Mar 2013 16:52:01 +0000

The Carolina Panthers, who are seeking more than $200 million in public funds for stadium renovations, said Thursday the team made $66.5 million during the 2010 and 2011 seasons, after an audit of the team was published by the website Deadspin.

Gov McCrory Keeps Arms-Length From Charlotte Airport, Panthers Stadium Debates

Julie Rose — Tue, 05 Mar 2013 10:00:00 +0000

Charlotte City leaders are engaged in high-stakes battles in Raleigh over the future of the Panthers and the airport. But Governor Pat McCrory – who was the city's longest-serving mayor – has said very little about either issue.

Bill Allows City To Pay For Stadium Upgrades, But Not With New Taxes

Lisa Miller — Fri, 01 Mar 2013 19:53:25 +0000

State lawmakers have introduced a bill that would allow the city of Charlotte to pay for renovations to Bank of America stadium, but not the way the city wants to. The bill sponsored by four Mecklenburg County lawmakers gives the city flexibility to redirect tax money earmarked for the convention center.

GOP Lawmakers: Charlotte Voters Should Decide On Food Tax For Stadium

Jim Morrill and Steve Harrison — Thu, 14 Feb 2013 17:22:21 +0000

RALEIGH Two Republican lawmakers say any effort to raise Charlotte’s prepared food tax to help upgrade Bank of America Stadium would require a vote by the public.