tax incentives

Incentives That Landed Iron Man 3 Production Under Legislative Review

Tasnim Shamma — Sat, 04 May 2013 00:27:37 +0000

Iron Man 3 – one of the most expensive films to ever come out of North Carolina – hit theaters Friday. It received $20 million in state incentives and lawmakers are now debating a bill that would remove the state's film tax credit – the same credit that brought the Iron Man 3 production to the state.

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.

McCrory: No Upfront Cash To Lure New Business to NC

Julie Rose — Thu, 04 Oct 2012 13:30:41 +0000

Gubernatorial candidates Pat McCrory and Walter Dalton addressed the role of economic incentives in attracting new jobs to North Carolina during their first debate Wednesday night. Democratic Lieutenant Governor Dalton says he doesn't like giving tax breaks and cash to lure businesses, but we have to offer incentives since other states do.