See the link below. From the article:
“CHARLOTTE, N.C. -- The Carolina Panthers are staying in Charlotte for the foreseeable future.
The Charlotte City Council voted Monday night to approve a joint $800 million stadium renovation plan with the Panthers that ties the NFL team to the city for the next 20 years.
Under the policy document, the city will pay $650 million toward the renovation of Bank of America Stadium in return for Panthers owner David Tepper keeping the team in Charlotte through 2045. Tepper will pay the remaining $150 million up front.
Tepper already has invested more than $117 million in stadium upgrades and also has agreed to another estimated $421 million in potential overages for capital improvements over the term of the deal.
The city's investment would be funded by existing hospitality and tourism tax resources, which are required by the state to be spent on projects to support the city's tourism economy.”
www.espn.com
Nice to see that they won’t be using tuition dollars.
Kraft probably read this article and said to himself, “See? We’re on the right path.”
“CHARLOTTE, N.C. -- The Carolina Panthers are staying in Charlotte for the foreseeable future.
The Charlotte City Council voted Monday night to approve a joint $800 million stadium renovation plan with the Panthers that ties the NFL team to the city for the next 20 years.
Under the policy document, the city will pay $650 million toward the renovation of Bank of America Stadium in return for Panthers owner David Tepper keeping the team in Charlotte through 2045. Tepper will pay the remaining $150 million up front.
Tepper already has invested more than $117 million in stadium upgrades and also has agreed to another estimated $421 million in potential overages for capital improvements over the term of the deal.
The city's investment would be funded by existing hospitality and tourism tax resources, which are required by the state to be spent on projects to support the city's tourism economy.”
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Panthers get OK for Charlotte stadium renovation
The Charlotte City Council voted 7-3 Monday night to approve a joint $800 million stadium renovation plan with the Carolina Panthers that ties the NFL team to the city for the next 20 years.
Nice to see that they won’t be using tuition dollars.
Kraft probably read this article and said to himself, “See? We’re on the right path.”