Charlotte trims money for Panthers stadium rehab - WNCN: News, Weather

Charlotte trims money for Panthers stadium rehab

Posted: Updated:
Bank of America Stadium Bank of America Stadium
CHARLOTTE, N.C. -

Charlotte leaders remain committed to helping renovate the uptown stadium used by the city's professional football franchise, but now say that help will fall short of the $144 million originally pledged.
    
The Charlotte Observer reported Tuesday that city council member and lead negotiator James Mitchell ruled out using taxpayer dollars for improvements to Bank of America Stadium at a Monday meeting.
    
Mitchell says the city will instead borrow $110 million.
    
The Panthers sought $125 million in city money for stadium renovations, along with $19 million for maintenance. The city hoped to raise the money by doubling the local 1 percent tax on prepared foods and beverages, but state lawmakers torpedoed that plan.
    
In exchange for the money, the Panthers would promise to stay in Charlotte for another 15 years.

  • SportsMore>>

  • U.S. women's team to hold open practice in Cary

    U.S. women's team to hold open practice in Cary

    Friday, August 1 2014 5:49 PM EDT2014-08-01 21:49:17 GMT
    Heather O'Really in action for the U.S. team in 2013.Heather O'Really in action for the U.S. team in 2013.
    The U.S. Women's National Team is coming to Cary this month, and fans can watch the team train for free on Aug. 19 at the WakeMed Soccer Park.
    The U.S. Women's National Team is coming to Cary this month, and fans can watch the team train for free on Aug. 19 at the WakeMed Soccer Park.
  • 2 teens from NC makes USA baseball roster

    2 teens from NC makes USA baseball roster

    Wednesday, July 30 2014 9:29 PM EDT2014-07-31 01:29:17 GMT
    Creedmoor’s Justin Bullock also faced setbacks in order to make the roster.Creedmoor’s Justin Bullock also faced setbacks in order to make the roster.
    Two North Carolina natives have the opportunity of a lifetime to play baseball for the U.S.A. national team.
    Two North Carolina natives have the opportunity of a lifetime to play baseball for the U.S.A. national team.
  • NCAA settles head-injury suit, will change rules

    NCAA settles head-injury suit, will change rules

    Tuesday, July 29 2014 9:14 PM EDT2014-07-30 01:14:50 GMT
    The NCAA has agreed to settle a class-action head injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma playing...
    The NCAA agreed on Tuesday to help athletes with head injuries in a proposed settlement of a class-action lawsuit that college sports' governing body touted as a major step forward but that critics say doesn't go...
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.