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Panthers stadium negotiations “a process”

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When the Panthers recently announced a deal with Charlotte that would keep in the team in town for 15 years in exchange for $143.75 million in public money for renovations at the team’s stadium, there was a sense of finality to the situation.

The finish line, however, remains miles away.

As explained by Erik Spanberg of the Charlotte Business Journal, Panthers president Danny Morrison told the Charlotte Chamber of Commerce’s board of directors that the effort to put the deal in place is “a process.”

Indeed it is.  Regardless of any agreements reached with the city, using public money is a more complex endeavor, especially when the package includes money from the state’s coffers.  The Legislature eventually will must approve of the plan.

In this specific case, the fact that an increase in the local restaurant and hotel tax will generate far more money than the renovations will require creates a political playground for pet projects that would be funded by the excess.  Moreover, the red states remain lukewarm when it comes to using public money for anything, especially when the proposed recipients already are billionaires.

So the deal won’t be done until it’s done.  And until it’s done the Panthers won’t be tied to Charlotte for another 15 years.

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8 Responses to “Panthers stadium negotiations “a process””
  1. kissmyconverse says: Feb 27, 2013 9:44 AM

    Look at you trying to stir up discord. The Panthers are going nowhere.

  2. ytownjoe says: Feb 27, 2013 10:31 AM

    Maybe LA would be willing to provide more comfortable digs?

  3. mmsierra says: Feb 27, 2013 10:49 AM

    There’s a more productive use for that money

    How’d yo like to buy the Golden gate Bridge ?
    $143 Million would just about pay for it

  4. mrlaloosh says: Feb 27, 2013 11:16 AM

    North Carolina is more of a purple state than red.

  5. Beezo-Doo-doo-Zippity-Bop-bop-bop says: Feb 27, 2013 11:39 AM

    Here comes the “move a team to LA” crowd. Poor saps just don’t understand the role the NFL has relegated them to. Besides that, the two stadium proposals out there (that the NFL has already told them won’t fly) are floundering. The best case scenario for LA ever getting another team is expansion and even that is a long shot.

  6. nfloracle says: Feb 27, 2013 11:58 AM

    Translation: Jerry Richardson has not weaseled enough out of Charlotte yet with his food and drink tax and is going to extort more $$$ by not signing a commitment to the Carolinas until he does.

  7. NoHomeTeam says: Feb 27, 2013 1:53 PM

    Beezo-Doo-doo-Zippity-Bop-bop-bop says: “Here comes the “move a team to LA” crowd. Poor saps just don’t understand the role the NFL has relegated them to. Besides that, the two stadium proposals out there (that the NFL has already told them won’t fly) are floundering. The best case scenario for LA ever getting another team is expansion and even that is a long shot.”

    ***************

    I’m afraid reality does not support your opinions. I’m not trying to hijack a Panthers thread, but I feel this should be addressed.

    The Roski stadium proposal out in the City of Industry isn’t floundering, because it wasn’t viable in the first place. The downtown proposal is moving quietly along, having cleared a number of hurdles with City Hall and various opposition groups. The pending sale of AEG doesn’t appear to be a major stumbling block; a number of the potential buyers have deeper pockets than Anschutz.

    It is exceedingly unlikely that the NFL will expand. As I have noted time after time, the current structure suits the League perfectly with regard to Divisional structure, and more importantly, the playoffs. I would hope I don’t need to elaborate on the mathematics of this.

    If — and I acknowledge that if is the correct term — Los Angeles gets a team in the next few years, it will be coming from some other city.

  8. dallascowboysdishingthereal says: Feb 27, 2013 3:17 PM

    Richardson has a bunch more hands to grease before everyone signs off on it. Politics at its worse. Pretty disgusting to watch unfold.

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