tax incentives

8:27 pm
Fri May 3, 2013

Incentives That Landed Iron Man 3 Production Under Legislative Review

Iron Man 3 opened in theaters last week internationally and has already grossed $200 million. The movie was filmed in Wilmington.
Credit Marvel

Iron Man 3 – one of the most expensive films to ever come out of North Carolina – hit theaters Friday. It received $20 million in state incentives and lawmakers are now debating a bill that would remove the state's film tax credit – the same credit that brought the Iron Man 3 production to the state.

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Local News
9:28 am
Tue April 23, 2013

Panthers Get $87.5M Public Money For Stadium

Panthers owner Jerry Richardson thanks the Charlotte City Council for committing $87.5M to stadium renovations.
Credit Julie Rose

  Charlotte taxpayers will pick up nearly two-thirds of the $147 million tab to renovate and maintain Bank of America Stadium.

The Charlotte City Council voted unanimously Monday night to give the Panthers $87.5 million it will collect through a tax on prepared food over the next 10 years. 

In exchange for public money, the Panthers promise to stay in Charlotte for at least six years, with financial penalties that kick in if the team leaves within ten years. City staff call the deal a "tether" that will keep another city from poaching the team.  

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Local News
9:34 am
Wed April 3, 2013

Veteran Journalists Challenge City's Secret Meetings With Panthers

Attorney Paul Whitfield is representing former Charlotte reporters Ken Koontz, Bruce Bowers, Mike Cozza (l-r) and Wayne Powers (not pictured).
Credit Julie Rose

  A group of former Charlotte reporters from the 1970s are taking the city to court over its decision to negotiate behind closed doors for tax money to renovate Panthers' stadium. 

These same journalists and their lawyer sued the city for violating the state open meetings law in the early 1970's – and won. As a result, Superior Court Judge Frank Snepp placed the city under a permanent injunction against breaking the law.

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Election 2012
9:30 am
Thu October 4, 2012

McCrory: No Upfront Cash To Lure New Business to NC

Gubernatorial candidates Pat McCrory and Walter Dalton addressed the role of economic incentives in attracting new jobs to North Carolina during their first debate Wednesday night.  Democratic Lieutenant Governor Dalton says he doesn't like giving tax breaks and cash to lure businesses, but we have to offer incentives since other states do.

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