While this quote might be correct in what the deal says, it will not play out that way. This prepared food/restaurant tax that’s increasing? It was implemented in 1990 for allegedly one reason only, to pay to build the new Charlotte Convention Center, which opened in 1995 and has long since been paid for. The tax remains, and now it’s being increased to pay for escalators and new furniture for the owner’s suite.

There are two things that are absolutely certain about life in 2029:

1) The sun will rise in the East each morning.
2) The tax to build the CLT Convention Center & rennovate B of A stadium will NOT go away. It will probably have been increased 2 or 3 more times “temporarily” to pay for other projects.

Such is life with American politicians. All tax reductions are temporary, all tax increases are pemanent.

Super Bowl Rings: Ravens=2 Jags/Panthers=0
We win.
———————————————————-

Jeez, still bitter even after winning the Super Bowl again? Did it ever occur to you that if Baltimore had gotten an expansion team, instead of taking Cleveland’s, you might not have any rings at all?

The Panther’s current payroll is just over $73 million. Let’s just just call it $70 million a year for the next 15 years. The team will then pay $1.05 billion to its players. North Carolina’s state income tax is 6 to 7.5% depending on income. Let’s just say, to be safe, the players pay 5% income tax on average over the next 15 years. That comes out to $52.5 million dollars. That is just from the income tax of the players’ salaries, and I low-balled it.

Now, add in the coach’s salaries, the jobs the NFL creates at the stadium, the tax from the ticket and memorabilia sales it generates, tourism, the increased business for all of the businesses around the stadium (like paid parking lots, restaurants, sports bars, etc.). When everything is said and done, having the franchise in the state more than pays for itself. If it didn’t, why would so many states be willing to break out the pocket book to keep/steal professional sports franchises?

The city and the players see more money than some of these owners.

Hate them if you want, but the only owners who haven’t fleeced the taxpayers are Snyder, Jones and Kraft.

As a season ticket holder, I agree. It stinks but that’s the hazards of being a 17 year old franchise in a city that is one of the fastest growing in the country. Charlotte is full of transplants and we are a young franchise, there’s not much we can do about it. Still, BofA is a great stadium and the downtown environment is awesome for tailgating. Awesome news.

No. Last sell-out was 2002. Near blackouts (i.e. “last minute sales”)?…A sell-out is a sell-out. The PSLs have more to do with the sell-out streak. The tickets have already been sold.