Sure, North Carolina doesn’t plan to provide any state funds to the proposed renovations to Bank of America Stadium. But when it comes to improving the place where the Panthers play, there are other ways to skin this specific cat.
According to the Associated Press, the North Carolina House voted Wednesday to allow Charlotte to tap into existing hotel and prepared food and beverage taxes to finance the upgrades.
The bad news is that the new approach will result in $34 million less than originally planned.
Folks in Charlotte are becoming increasingly concerned that, without the improvements to the stadium, the person who buys the team after the passing of owner Jerry Richardson will try to move the franchise. Richardson has said that he wants the team to be sold within two years after his passing.
The bill now goes to the North Carolina Senate for further consideration.