North Carolina legislature gives Charlotte green light to divert tax money for stadium

AP

The North Carolina legislature would provide no public money for the effort to upgrade Bank of America Stadium.  But the powers-that-be in Raleigh have opted to allow Charlotte to divert existing taxes to the effort.

The North Carolina Senate voted unanimously, 45-0, to approve the use of existing food and beverage taxes and a hotel occupancy tax for upgrades at the stadium.

The only problem for Charlotte officials is that the revised plan falls short of the money necessary to pay for the upgrades.

Charlotte City Council also has been sued for striking a secret deal with the Panthers regarding the stadium renovation, allegedly in violation of the open meetings laws.