Tagged: Jerry Richardson

As Charlotte City Council debated in February whether to give the Carolina Panthers money for stadium renovations, the city attorney believed the team might be sold and moved if members turned the team down.

Transcripts of closed meetings released Tuesday also show the city and team tangled over the Panthers’ tax burden, the length of a contractual agreement to keep the Panthers in Charlotte, and even over a proposal that the city build the team a parking deck.

The Panthers have agreed to scale back their stadium renovation plans in order to cut a deal with the city that would pump $87.5 million toward the project. In exchange, Charlotte would be guaranteed to keep the NFL team for at least six years.

The Charlotte City Council has given up the fight for permission to raise the local restaurant tax as a way to raise money for Panthers' Stadium upgrades.

Councilman James Mitchell says the measure passed by the state house Wednesday is "the best the city will get." It only gives the city flexibility to use existing restaurant tax revenues for the football stadium.