Charlotte should begin new Panthers stadium talks by 2037 if metropolis OKs $650M for renovations
When the Carolina Panthers kick off the beginning of the 2046 season, it might be from inside a brand new stadium, in response to the Charlotte Metropolis Council’s agenda for Monday’s assembly.
The agenda outlines phrases of ongoing discussions about spending $650 million in public money renovating Bank of America Stadium, the present dwelling of the Carolina Panthers and Charlotte FC. However for the primary time publicly, Charlotte officers say within the phrases that the town would agree to start negotiating for a brand new stadium by 2037.
The brand new stadium could be positioned in Charlotte and be prepared for the 2046 season, in response to phrases of the settlement set to be voted on Monday by the Metropolis Council.
Phrases say the negotiations could be about design and development of the stadium and the “want for doubtlessly new funding sources.” The $650 million in public funding being mentioned for renovations now would come from hospitality taxes — cash that should be spent on tourism-related tasks.
The Basic Meeting final yr extended Mecklenburg County’s meals tax till 2060. However the lodge occupancy tax wasn’t equally prolonged previous its 2038 expiration.
If the Charlotte Metropolis Council approves renovations Monday, the town and Tepper Sports activities & Leisure “will negotiate the usage of hospitality funds for the needs of research and evaluation relating to a brand new stadium” as a part of the talks set to begin in 2037. That’s two years earlier than the earliest the Panthers might go away underneath the $650 million renovation deal.
A few of the proposed renovations embrace a reimagined South Garden Pavilion space, upgraded restrooms and new seats all through the decrease bowl. The renovations would not include the development of a roof or dome.
The council’s Monday business meeting is scheduled for six:30 p.m. Monday within the council chamber of the Charlotte-Mecklenburg Authorities Heart at 600 East 4th St.
