Charlotte City Council will be voting on the proposed renovation plan of Bank of America Stadium on Monday which will require $650 million in taxpayer dollars.
The home of the Carolina Panthers and Charlotte FC has not had many enhancements or renovations since the stadium was first built. Although Tepper Sports and Entertainment is asking for a large chunk of cash to help with the renovations, a big portion of the fanbase loved the virtual renderings the team released earlier this month.
The problem? David Tepper is the second-richest owner in the NFL and is asking for that much help from the city. That part has not gone over well with fans or those who live in the city. In an interesting twist, TSE and the city are expected to begin negotiations for a new stadium beginning in 2037, according to Steve Harrison of WFAE.
Here is a new wrinkle in Charlotte’s agreement with Tepper Sports: negotiations will begin on a new stadium in 2037, to be completed by 2046. BofA stadium will appatently not be Lambeau or Arrowhead, lasting into a second half-decade pic.twitter.com/2T3lCkjeCQ
— Steve Harrison (@Sharrison_WFAE) June 21, 2024
A city spokesman told Joe Person of The Athletic that there is no guarantee a new stadium will be built by 2046 and that it is more of an agreement between the two parties that discussions for a new stadium will need to take place.
Some context on new Panthers stadium provision in Charlotte city council Monday agenda: Acknowledgment that BoA will be 50 years old in 2046. City has a similar provision in place with the Hornets related to their arena renovations.
— Joe Person (@josephperson) June 21, 2024
From city spokesman: pic.twitter.com/9bXilXn0vJ
While renovations at Bank of America Stadium are needed, I'm not sure Charlotteans will be thrilled about the idea of the city investing $650 million for a stadium that could be replaced which will also need funding.
More must-reads:
Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!