Charlotte leaders willing to help fund Panther stadium updates - WNCN: News, Weather

Charlotte leaders willing to help fund Panther stadium updates

Posted: Updated:
CHARLOTTE, N.C. -

Charlotte business leaders are backing plans to improve the Carolina Panthers stadium.
    
The Panthers are asking for $144 million from the city of Charlotte and $62 million from the state of North Carolina to upgrade Bank of America Stadium.
    
The total project is expected to cost about $250 million.
    
City officials are asking state lawmakers to approve a 1 percentage point increase in Charlotte's prepared food tax in exchange for the team agreeing to stay in Charlotte for 15 years.
    
Chamber of Commerce Chairman Brett Carter says raising the taxes will be necessary to improve the stadium.
    
Panthers President Danny Morrison gave a closed-door briefing to the chamber's board of directors on Monday.
    
Legislative leaders say it will be hard to find $62 million in a tight state budget.

Powered by WorldNow

1205 Front St., Raleigh
N.C., 27609

Telephone: 919.836.1717
Fax: 919.836.1687
Email: newstips@wncn.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.