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Stadium improvement funding plan moves forward in N.C.

Bank of America Stadium AP

A proposal to make improvements to the Carolina Panthers’ stadium without creating any new taxes has gotten closer to being voted upon the North Carolina House of Representatives.

According to the Charlotte Observer, the bill, which proposes to take tax revenue that would go to the Charlotte Convention Center and apply it towards sprucing up Bank of America Stadium, could be considered by the entire House by next week.

That said, the plan, as constituted, won’t completely fund the expected renovations, the Observer reported.

As the Observer reported last week, a poll showed that state residents were against any public money going toward fixing the stadium, which opened in 1996.

As PFT’s Mike Florio noted last week, those polled didn’t even like the prospect of public money going toward the stadium fixes before Deadspin published financial statements for the club that showed the Panthers making around $99 million in net profit over a two-year period from 2010 through 2012. The Panthers, in a statement issued to PFT, said that “(the) Deadspin story presents an incomplete picture of the Carolina Panthers profitability.”

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6 Responses to “Stadium improvement funding plan moves forward in N.C.”
  1. nygiantstones says: Mar 14, 2013 9:45 PM

    Yeah sure it does. I’m sure the incomplete parts are the salaries and kickbacks the owner pays himself.

  2. arrowdead says: Mar 14, 2013 9:50 PM

    right wing politicians in the south looove to say no to new taxes until they get that phone call from the powers that be

  3. sportsfan69 says: Mar 14, 2013 9:57 PM

    The hypocrites of the Tea Party GOP Republicans need to help out a Billionaire NFL Owner with public money. What’s new.

  4. larrydavid7000 says: Mar 14, 2013 10:20 PM

    what a waste of money for a sorry club. win something first. Its OK that Redskins home away from home field anyways. Carolinas is still Redskins Country.!!!!!!

  5. dallascowboysdishingthereal says: Mar 14, 2013 10:21 PM

    Government needs to stay out of these stadium matters. Unless Jerry is willing to share his profits with the NC tax payers, he needs to keep his hands out of their pockets.

  6. mazblast says: Mar 14, 2013 10:45 PM

    Politicians taking money specifically earmarked for one project and spending it on another?

    I’m shocked!

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