Carolina Panthers

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.

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.

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.

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.

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. 

  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.

Convention Center Money Could Help Cover Panthers Stadium Upgrades

Jan 23, 2013
Flickr/Suzie T

  Rather than raise taxes to help pay for Bank of America Stadium renovations, the city of Charlotte could cover almost all of the team’s $125 million request by using Convention Center money.

New estimates from the city show that a Convention Center fund could finance $110 million in debt.

Michael Tomsic

The Carolina Panthers new general manager says if he does his job right, the team will win a Super Bowl. Those were among Dave Gettleman’s comments at his introductory press conference Tuesday at the Panther’s stadium. 

Panthers’ owner Jerry Richardson laid it out simply for his newest hire:

"One of the things a general manager has to do, is he has to be able to fix things," Richardson said.

Dave Gettleman has a lot to fix. He’s taking over a team that hasn’t made the playoffs in four years and hasn’t won a playoff game since 2006. 

Flickr/Suzie T

The Charlotte City Council met Monday night behind closed doors with Panthers president Danny Morrison and owner Jerry Richardson. The team is seeking public support for renovation of their 16-year-old stadium. But, Panthers officials won’t talk about it, the mayor won’t talk about it, and (only) a limited number of staff have been let in on it.

gbein83/Flickr

  The Carolina Panthers asked the Charlotte City Council in closed session late Monday for $125 million to help pay for renovating Bank of America Stadium, according to two sources.

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