X

Upgrades to the Panthers Stadium

Posted: Feb. 28th, 2013  |  By Michael Pearse
Carolina Panthers

The Carolina Panthers have recently been granted a $144 million plan to renovate their Charlotte stadium. The money will come from a tax hike they will implicate on food and beverages. Next time you grab a bite or a drink you'll know that you are in fact paying for the renovations.

CHARLOTTE, N.C. -- Charlotte's city council has agreed to a plan that would give the Carolina Panthers nearly $144 million from a food-and-beverage tax hike to pay for upgrades to its downtown stadium, Mayor Anthony Foxx said Friday.

Foxx said North Carolina General Assembly approval would be needed 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 during that time. That would resolve concerns from city officials that the Panthers could relocate the franchise to another city.

Team officials declined comment on the announcement, referring all questions to city officials. However, Panthers owner Jerry Richardson addressed the concerns that the team would leave town if a deal couldn't be reached.

Read More on m.espn.go.com
You might like : Charlotte News
Write a Story/Review about this topic

Post a Comment

 

Best Things To Do >

In a city that offers a wide array of things to see and do, deciding where to start can sometimes prove to be a challenge. View All Things To Do in Charlotte >

The Best Restaurants >

Here, you will find only the finest restaurants, each which has been carefully selected based on its cuisine, ambiance, location, chef, awards and reviews. View All Charlotte Restaurants >

The Best Nightlife >

From multi-level dance clubs and celebrity hotspots to popular watering holes and jazz clubs, experience the local nightlife scene at its finest with our list of top recommendations. View All Charlotte Nightlife >

The Best Art & Culture >

Before your next luxury trip to the city, be sure to check out some of our favorite local landmarks, cultural attractions, and diverse blend of museums and art galleries. View All Charlotte Culture >

Best Designer Shops >

From the best shopping districts, department stores, and local boutiques, you're sure to find the shopping destination that best suits your needs. View All Charlotte Shops >
Luxury Hotels in Charlotte >

Best Charlotte Hotel Rates

Omni Charlotte Hotel

from 279.00 USD *
See All Specials For Charlotte Luxury Hotels >

* Lowest nightly rate based on select dates. Please click on hotel for details.

JustLuxe.com Luxury NEWS >