Unprepared food tax

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.