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Charlotte gives green light to $650 million renovation project for Bank of America stadium


The Charlotte City Council has approved a $650 million joint renovation plan for Bank of America Stadium with the Carolina Panthers, promising no relocations for the next 20 years. The deal includes upgrades to the stadium, funded by both the city and Tepper Sports and Entertainment, projected to cost a total of $1.3 billion over 27 years. City Council member Tariq Bokhari has expressed the benefits of the deal, comparing it favorably to a similar agreement in Jacksonville. Panthers owner David Tepper is pleased with the outcome, emphasizing the team’s commitment to Charlotte. However, some residents, like David Merrill and Brad Thomas, are critical of the plan, calling it financially irresponsible for taxpayers. Merrill suggests rebranding the Panthers to reflect Charlotte’s contributions to the stadium costs, while Thomas questions the decision-making of the city council. The approval of the plan has sparked mixed reactions from the community, with Tepper optimistic about the future of the stadium and the teams it hosts.

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Photo credit www.carolinajournal.com

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