I now hate all of that crap.
Posted on 06/03/2024 1:14:19 PM PDT by MinorityRepublican
The Carolina Panthers and the City of Charlotte have proposed a partnership deal that would include an $800 million renovation to Bank of America Stadium and keep the NFL team there for 20 years.
The renovation would include a fixed $650 million investment from the city and another $150 million from Panthers owner David Tepper.
Tepper has already invested more than $117 million in the stadium prior to June and would also pay another $421 million in potential overages for capital improvements over the term of the deal, the team said Monday in a news release.
The city’s investment does not require any new or increased taxes.
Charlotte City Council members are expected to meet over the next several weeks to discuss the Bank of America Stadium renovation project.
"Bank of America Stadium has been a special place for our Panthers, and now Charlotte FC, fans for nearly 30 years," Panthers team president Kristi Coleman said in the release. "While Bank of America Stadium has solid infrastructure, investments are needed to ensure that our decades-old venue continues to deliver the best experience for our players, fans, and community."
(Excerpt) Read more at foxsports.com ...
I think Buffalo was afraid they were going to lose the team to Toronto. I grew up in Orchard Park, NY. Home of the Bills.
IF I was their owner, I would move the team to Toronto(if the NFL would allow it). There is a huge market there(3MM people)with no team. Plus there are a lot of Canadians that already drive across the border to watch the games.
It is silly that they keep having NFL games in Europe or Mexico but they do not have a team in Canada. I know there is a CFL, but it is not the same caliber of play.
I have a suggestion that could save a lot of money for the citizens of the city: “Well, Bye.”
“Where are they keeping this $650 million horde of cash?”
my first thought as well ...
“What’s so drastically wrong with that stadium that it needs over 660 large to update it? For a freakin 3-4 hour football game?”
i’ve been in that stadium: it was a cheap, crap stadium when they built it ... made out of reinforced concrete plus 8”x16” concrete blocks for all interior non-load-bearing walls; it has all the charm of a filling station service bay ...
I have always felt that it would be a good idea for the teams to provide their venue. The folks that want to see a game get to contribute to the venue’s success. That way the taxpayers are not on the hook for a white elephant after 15-20 years.
Think of it like a movie house ... those are not paid for by taxpayers but are owned by for-profit corporations.
Unless you’re Miami, L.A., Vegas or New Orleans, the football stadium is supposed to be functional. You will use it 8 times a year. Maybe one more time if you’re hosting a Taylor Swift concert
That’s cheap compared to the $2 billion fir a new Titans stadium.
Wow, 20 more No. 1 draft picks....
I now hate all of that crap.
See my comment at #29. I’m still pissed about that and that happened decades ago. Our city had my trust until then.
How about Charlotte telling the Panthers to renovate their stadium or leave. It would be interesting to see what other city will waste AT LEAST $880 millions of taxpayer money (and it will likely be much, much more as such “public works projects” almost never are completed on time and under budget) to bring an NFL team to their (soon to be failed) city.
That was the problem. Should have renovated it to included more skyboxes.
Where does the city get that kind of money?
Sucker Democrat voting taxpayers.
Charlotte should let it go. I understand Oakland has an opening.
Absolutely. It’s not as if they don’t like throwing money at renovations...and billing the local citizenry...LOL.
I don’t know how anyone could enjoy a football game knowing the stadium walls were drab.
Then he should spend it to renovate HIS stadium.
I know! The horror, the horror!
could be the biggest litter box in history...
Yes. Lets give more taxpayer money to billionaires. LOL.
More examples of a Banana Republic.
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