Charlotte, Panthers reach agreement on stadium - WSLS 10 NBC in Roanoke/Lynchburg Va

Charlotte, Panthers reach agreement on stadium

Posted: Updated:
CHARLOTTE, N.C. -

The city of Charlotte and the Carolina Panthers have reached agreement on improvements of the team's stadium.
    
The plan calls for the city to contribute about $87 million for renovations to Bank of America Stadium in exchange for a six-year deal to keep the Panthers in Charlotte.
    
That's less than the team was seeking for improvements of the stadium the opened in 1996.
    
City Council is expected to vote on the agreement Monday.
    
The initial called for an improvement package that totaled $250 million. The city would have paid half of that, along with other money for stadium maintenance and traffic control costs. The state and the team would have paid for the rest of the project.
    
That plan would have resulted in a 15-year commitment by the team to stay in Charlotte.
    
But state lawmakers rejected an increase in the local prepared food and beverage tax for the stadium. Gov. Pat McCrory and legislative leaders also declined to give the team any state money.
    
In addition to the six-year commitment to keep the team in Charlotte, city leaders say there is an additional clause that would make it likely the team will stay at least 10 years, though the Panthers could leave without many difficulties.
    
Panthers president Danny Morrison said he considers it a 10-year agreement to stay in Charlotte. Morrison said he expects the stadium to last many more years.
    
He said the scaled-back improvements will make the stadium well-equipped enough to host a Super Bowl. But Charlotte may not have enough hotel rooms to host the NFL championship, Morrison said.
    
The first phase of the improvements will include escalators to take fans to the upper deck. The Panthers will also install new video boards and improve the sound system.
    
Dropped from the original improvement plan are club seats and improvements in the suites. Also, there will be no money for a new practice facility or larger entry gates and ticket office.
    
Owner Jerry Richardson has said he will not move the team from Charlotte. But city leaders worry that any potential new owner might move the team, perhaps to Los Angeles, the nation's second largest city and one without an NFL team.

  • North Carolina NewsMore>>

  • Marijuana group celebrates 4/20 with new Raleigh chapter

    Marijuana group celebrates 4/20 with new Raleigh chapter

    Monday, April 21 2014 5:09 AM EDT2014-04-21 09:09:11 GMT
    On this twentieth day of April, 4/20, some people in Raleigh are pushing for changes to the state's marijuana laws.
    On this twentieth day of April, 4/20, some people in Raleigh are pushing for changes to the state's marijuana laws.
  • NC report expands on jobless rate drop, more work

    NC report expands on jobless rate drop, more work

    North Carolina officials are releasing a report offering more details on employment conditions in March, when nearly 20,000 jobs were added and the jobless rate fell to 6.3 percent.
    North Carolina officials are releasing a report offering more details on employment conditions in March, when nearly 20,000 jobs were added and the jobless rate fell to 6.3 percent.
  • McCrory coal ash announcement miffs GOP lawmakers

    McCrory coal ash announcement miffs GOP lawmakers

    Sunday, April 20 2014 3:48 PM EDT2014-04-20 19:48:26 GMT
    Some lawmakers say they were surprised and miffed by fellow Republican Gov. Pat McCrory's announcement that he's seeking legislation to beef up government oversight of coal ash dumps.
    Some lawmakers say they were surprised and miffed by fellow Republican Gov. Pat McCrory's announcement that he's seeking legislation to beef up government oversight of coal ash dumps.
  • Henry County Suspicious Activity

    Henry County Suspicious Activity

    Saturday, April 19 2014 10:07 PM EDT2014-04-20 02:07:16 GMT
    Press Release from the Henry County Sheriff's OfficeThe Henry County Sheriff’s Office received a call on April 18, 2014 regarding suspicious activity. Three white males driving a white pickup truck were seen in the area of Glen Court in the Ridgeway area of Henry County. The individuals walked to the back of a residence but a neighbor yelled at them and they left. Entry into the home was not gained. On April 19, 2014, three white males were seen on Andra Drive, also in Ridgeway. A male subjec...
    Press Release from the Henry County Sheriff's OfficeThe Henry County Sheriff’s Office received a call on April 18, 2014 regarding suspicious activity. Three white males driving a white pickup truck were seen in the area of Glen Court in the Ridgeway area of Henry County. The individuals walked to the back of a residence but a neighbor yelled at them and they left. Entry into the home was not gained. On April 19, 2014, three white males were seen on Andra Drive, also in Ridgeway. A male subjec...
  • 3 Blacksburg companies raise major capital

    3 Blacksburg companies raise major capital

    Thursday, April 17 2014 2:29 PM EDT2014-04-17 18:29:23 GMT
    Three Blacksburg companies have raised major capital recently.
    Three Blacksburg companies have raised major capital recently.
  • Bedford Co. Sheriff's Office investigates burglary at country club

    Bedford Co. Sheriff's Office investigates burglary at country club

    Wednesday, April 16 2014 12:16 PM EDT2014-04-16 16:16:02 GMT
    Investigators with the Bedford County Sheriff's Office are investigating a burglary of the Boonsboro Country Club.
    Investigators with the Bedford County Sheriff's Office are investigating a burglary of the Boonsboro Country Club.
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.