Carolina Panthers

Local News
2:00 pm
Wed March 13, 2013

Charlotte Offers Compromise Tax For Panthers, Amateur Sports

The Carolina Panthers have asked Charlotte to contribute about $144 million to a renovation plan for Bank of America Stadium that will cost as much as $300 million.
Credit Flickr/Suzie T

 Charlotte is up to bat again in Raleigh tomorrow on its other big legislative battle – this one to get approval for a tax hike that would help renovate Bank of America Stadium. Lawmakers balked at the city's initial request to double the local restaurant tax for a period of 30 years.  Now the city is offering a compromise.

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The Charlotte Observer
11:52 am
Fri March 8, 2013

Deadspin Report: Panthers Profits Nearly $100 Million Over Two Years

The Carolina Panthers, who are seeking more than $200 million in public funds for stadium renovations, said Thursday the team made $66.5 million during the 2010 and 2011 seasons, after an audit of the team was published by the website Deadspin.

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Local News
2:53 pm
Fri March 1, 2013

Bill Allows City To Pay For Stadium Upgrades, But Not With New Taxes

State lawmakers have introduced a bill that would allow the city of Charlotte to pay for renovations to Bank of America stadium, but not the way the city wants to.  The bill sponsored by four Mecklenburg County lawmakers gives the city flexibility to redirect tax money earmarked for the convention center. 

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Charlotte Observer
12:22 pm
Thu February 14, 2013

GOP Lawmakers: Charlotte Voters Should Decide On Food Tax For Stadium

Rep. Bill Brawley
Credit ncleg.net

  RALEIGH Two Republican lawmakers say any effort to raise Charlotte’s prepared food tax to help upgrade Bank of America Stadium would require a vote by the public.

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Local News
8:11 pm
Tue February 12, 2013

Panthers Running Backs Contribute To Salary Cap Woes

Carolina Panthers on the field.
Credit Jas&Suz / Flickr

  While the Carolina Panthers are in talks to upgrade their stadium, they also need to figure out who will play in it next season. The team is more than $10 million over next year’s league-wide salary cap. That means dropping expensive players and reworking contracts to get below the cap by March 12.

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Charlotte Observer
9:51 am
Tue February 12, 2013

Charlotte Mayor's Letter Started Discussion With Carolina Panthers On Stadium Renovations

A panoramic view of Bank of America Stadium taken from John Belk Freeway. This photo is comprised of several photos stitched together.
Credit Mark Hames / Charlotte Observer

  The city’s plan to contribute $125 million toward renovating Bank of America stadium started with a letter Mayor Anthony Foxx sent to the team last September, Carolina Panthers president Danny Morrison said Monday.

During the past year, the football team had commissioned studies on possible renovations to the 17-year-old stadium. The city had been part of some meetings with the Panthers, but had received no request for aid.

Foxx’s letter raised the prospect of city investment in the project, Morrison said, leading to three months of private negotiations and debate.

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Sunday headlines
9:50 am
Sun February 10, 2013

2 Men Charged With Running Big Dogfighting Ring In E. Charlotte

Charlotte Mecklenburg Police have shut down a major dog fighting ring in East Charlotte. On Friday, officers raided a house on Carelock Circle off Albemarle Road after neighbors complained about barking. They found pit bulls on chains as well as items used to train fighting dogs.

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Local News
4:38 pm
Fri February 8, 2013

Council, Panthers Strike Deal That Calls For $143 Million From City

Credit Flickr/Suzie T

The Charlotte City Council this afternoon reached a tentative deal with the Carolina  Panthers to spend $143 million on improvements at Bank of America Stadium.  In exchange, the Panthers agree to stay in Charlotte for at least 15 years. Without this deal, City Attorney Bob Hagemann says the city could lose the team at any time.

"It's a lot of money, but if the public would look at other NFL stadium deals in recent years, this is relatively modest and we think this is a very good deal to keep such an important asset – one of 32 NFL franchises – here in North Carolina," he said.

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Local News
5:10 am
Thu February 7, 2013

As Panthers Seek A Cut, A City Sales Tax Primer

Credit Jennifer Lang / WFAE

The Carolina Panthers say their 17- year old stadium needs an upgrade and they want taxpayers to pitch in. City of Charlotte officials are busy negotiating behind closed doors to come up with as much as half of the $250 million renovation.  They're reportedly looking at doubling the city's tax on prepared foods, such as meals in restaurants. That's not the only local tax Charlotte has used to fund big projects in the past. We asked WFAE's Julie Rose to sort out the sales taxes Charlotte has access to, as this debate over upgrading Bank of America stadium unfolds. 

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Charlotte Talks
12:00 am
Tue January 29, 2013

The Business Of Sports

  Sports have become big business in Charlotte, but the financial aspects of at least two of our local teams have been the source of controversy. Jerry Richardson, Owner of the Carolina Panthers, has asked the city— - which means taxpayers - to fund $125 million in stadium renovations. Meanwhile the Charlotte Knights are set to build an uptown baseball stadium; also a move met with mixed reactions. We’'ll look at that latest coaching moves, the likely economic costs of these most recent proposals and more when Charlotte Talks.

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