(Photo : Eakin Howard/Getty Images) CHARLOTTE, NORTH CAROLINA – A normal view of the stadium throughout the recreation between the Houston Texans and Carolina Panthers at Bank of America Stadium on October 29, 2023 in Charlotte, North Carolina.
The Carolina Panthers are dedicated to staying in Charlotte for at the very least the subsequent twenty years.
The Charlotte City Council voted 7-3 to approve an $800 million stadium renovation plan for Panthers’ Bank of America Stadium, making certain the NFL staff’s presence within the metropolis till 2045.
Under the settlement, town will contribute $650 million to renovate the 75,000-seater venue, with Panthers proprietor David Tepper protecting the remaining $150 million.
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“For nearly 30 years, Charlotte has been the home of the Carolina Panthers and, more recently, Charlotte FC. We are proud to be in the Carolinas and look forward to delivering a venue that meets the needs of our community, players, and fans for years to come,” Tepper mentioned in a press release.
MLS staff Charlotte FC staff additionally included
The Bank of America Stadium can be residence to Tepper’s MLS staff, Charlotte FC, and town’s settlement permits each groups the choice to go away town after 15 years as an alternative of 20 if all money owed are settled.
The 66-year-old Tepper has already spent greater than $117 million to stadium upgrades, and he additionally agreed to cowl an extra $421 million for potential overruns in enhancements all through the period of the settlement.
Public funding for sports activities stadiums has been a constant subject of debate amongst residents and officers throughout main cities within the nation.
Some imagine that these funds could possibly be higher allotted to metropolis enhancements, whereas groups argue that stadiums are financial drivers.
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