|Charlotte council backs $144M for Panthers stadium|
|Written by Admin|
|Friday, 08 February 2013 12:51|
The tentative deal announced Friday by Charlotte Mayor Anthony Foxx would require approval from the N.C. General Assembly for the city to increase its prepared food and beverage tax by one cent. That part of the deal hasn't been settled.
The money would be paid over 15 years and requires the team to stay in Charlotte for that period of time. That would resolve concerns from city officials that the Panthers could relocate the franchise to another city.
The Panthers are proposing $250 million in upgrades to 17-year-old Bank of America Stadium, including more escalators and better video boards.