The home of the Carolina Panthers will have a brand new look and feel to it in the near future.
Late Sunday night, Charlotte City Council voted in favor of the proposal to renovate Bank of America Stadium, the home of the Carolina Panthers and Charlotte FC. The $800 million bill will require $650 million from the city, while Tepper Sports & Entertainment will put forth $150 million.
“I acknowledge there was some trust issues relating to this deal. Rock Hill was mentioned often. Eastland was mentioned often and on-field performance of the team was mentioned, as well. I believe, however, the variable that makes the most sense to me is the $1.2 billion dollars of economic development return on the investment.”
"We have a lot of business people out here that's smart with the numbers and economic development and $1.2 billion...it sounds good, don't it? It sounds real good until we get Mr. Tepper angry again and then he might throw something at City Council. I'm being very, very honest. The behavior of someone that's asking us for $650 million is ridiculous."
"The stadium renovations don’t just enhance fan and player experiences. They embody what the sport of football does for Charlotte. I know firsthand that Panthers unite people from all walks of life, bringing them together in the spirit of sport. The fans deserve this and the community also deserves this. The name Queen City isn’t just a title, it represents grace, strength, and vision.
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