2014 DRAFT GUIDE
Charlotte council backs $144M for Panthers stadium

    2013-02-08 17:01

CHARLOTTE, N.C. (AP) - Charlotte's City Council has agreed to a plan that would give the Carolina Panthers nearly $144 million from a food-and-beverage tax hike to pay for upgrades to its downtown stadium, Mayor Anthony Foxx said Friday.

Foxx said North Carolina General Assembly approval would be needed for the city to increase its prepared food-and-beverage tax by one cent. That part of the deal hasn't been settled.

The money would be paid over 15 years and requires the team to stay in Charlotte for that period of time. That would resolve concerns from city officials that the Panthers could relocate the franchise to another city.

Team officials declined comment on the announcement, referring all questions to city officials. However, Panthers owner Jerry Richardson addressed the concerns that the team would leave town if a deal couldn't be reached.

``I never would want our team to move somewhere else. I never said that,'' Richardson said after the city council's closed-session meeting.

The Panthers are proposing $250 million in upgrades to Bank of America Stadium, including additional escalators to help fans more easily reach the upper deck, and better video boards.

Richardson and team President Danny Morrison last month met with new Gov. Pat McCrory and House Speaker Thom Tillis to discuss the multimillion-dollar project. Both elected officials are from the Charlotte area, and McCrory was the city's mayor for 14 years. His first term was in 1995, the Panthers' inaugural season.

The Panthers' stadium, which cost $190 million, was completed in 1996. It was paid for with private money collected through the sale of permanent seat licenses, or PSLs, with the Panthers being the first NFL franchise to use that marketing model to raise money.

Seventeen years later, Bank of America Stadium is considered a middle-aged stadium by NFL standards. Of the 31 stadiums in the league - the Giants and Jets share one in New Jersey - 25 have either been built or undergone renovations in excess of $100 million since the Panthers opened their facility. Three other franchises- in Atlanta, San Francisco and Minnesota - are in the midst of either rebuilding or new stadium construction.

Kansas City's Arrowhead Stadium is considered a comparable stadium and it received a $375 million facelift in 2010.

The Panthers invested more than $48 million in recent years on new scoreboards, club level seating and upgraded workout and equipment rooms.

Fantasy Football Player Notes RSS FeedPLAYER NOTES

Jake LockerOct 23 01:32p

Tennessee Titans QB Jake Locker (thumb) will return to the starting quarterback job when he is healthy, according to head coach Ken Whisenhunt. The team has decided to start [ More ]

Calvin JohnsonOct 23 01:32p

Detroit Lions WR Calvin Johnson (ankle) has been more encouraged about the progress of his high right ankle sprain this week, even though he's been limited in practices so [ More ]

James StarksOct 23 01:22p

Green Bay Packers RB James Starks (ankle) is participating in practice Thursday, Oct. 23.

Jamaal CharlesOct 23 01:12p

Kansas City Chiefs RB Jamaal Charles (head) will participate in practice Thursday, Oct. 23, and the team does not plan on adding him to their injury report.

Jadeveon ClowneyOct 23 12:42p

Houston Texans LB Jadeveon Clowney (knee) said he would be surprised if he does not play in Week 8.

J. BabineauxOct 23 12:22p

Atlanta Falcons DT Jonathan Babineaux (foot) did not participate in practice Thursday, Oct. 23. LB Prince Shembo (knee) was limited during practice, while OG Justin Blalock (back) fully participated in practice.

Reggie WayneOct 23 12:12p

Indianapolis Colts WR Reggie Wayne (elbow) is not participating in practice Thursday, Oct. 23.

Ezekiel AnsahOct 23 12:03p

Detroit Lions DE Ziggy Ansah (toe) was limited during practice Thursday, Oct. 23, while RB Theo Riddick (hamstring) fully participated in practice.

Brian CushingOct 23 11:42a

Houston Texans LB Brian Cushing (knee) has had his knee drained multiple times over the last few weeks, according to a source. The team hopes that rest will help heal the knee.

Toby GerhartOct 23 10:42a

Jacksonville Jaguars RB Toby Gerhart (foot) appears ready to return in Week 8, in the opinion of beat writer Hays Carlyon. The team contends they will mix and match running backs.

Brandon PettigrewOct 23 10:23a

Detroit Lions DE Ziggy Ansah (toe) returned to practice Thursday, Oct. 23. TE Joseph Fauria (ankle), OT LaAdrian Waddle (calf) and TE Brandon Pettigrew (foot) sat out of practice.

Calvin JohnsonOct 23 10:12a

Detroit Lions WR Calvin Johnson (ankle) did a lot more in practice Thursday, Oct. 23, as he was cutting and running routes.

Reggie BushOct 23 10:12a

Detroit Lions RB Reggie Bush (ankle) is not practicing Thursday, Oct. 23.

Nate WashingtonOct 23 09:41a

The Tennessee Titans have been fielding calls from teams for WR Nate Washington, who recently lost his starting job to WR Justin Hunter. Washington is in the final year [ More ]

Derek MoyeOct 23 02:33a

The St. Louis Rams auditioned free-agent WR Skye Dawson (Buccaneers) and WR Derek Moye on Tuesday, Oct. 21. Moye was eventually claimed by the Tennessee Titans on Wednesday, Oct. 22.

Larry DonnellOct 23 01:03a

New York Giants TE Larry Donnell is just scratching the surface, according to tight ends coach Kevin M. Gilbride. Some of his mistakes, including fumbles and blocking deficiencies, are [ More ]

Geoff SchwartzOct 23 01:03a

New York Giants OG Geoff Schwartz (toe) is destined to return to practice next week, but he still has a ways to go before he is ready for a [ More ]

Eli ManningOct 23 01:03a

New York Giants QB Eli Manning has completed 65 percent of his passes, which would be a career high. He also has 14 touchdown passes to just five interceptions, [ More ]

Odell Beckham Jr.Oct 23 01:03a

New York Giants WR Odell Beckham Jr. might be moved around over the final nine games, according to receivers coach Sean Ryan. He said Wednesday, Oct. 22, that he [ More ]

Rueben RandleOct 23 01:03a

New York Giants WR Rueben Randle could be used in the slot over the final nine games, as the team works to replace WR Victor Cruz (knee). 'The other [ More ]

Trent RichardsonOct 23 12:53a

Indianapolis Colts RB Trent Richardson (hamstring) said Wednesday, Oct. 22, that he expects to play in the Week 8 game against the Pittsburgh Steelers. He was injured in the [ More ]

R. Griffin IIIOct 22 11:43p

Updating a previous report, there is no chance Washington Redskins QB Robert Griffin III (ankle) plays in the Week 8 game against the Dallas Cowboys Monday, Oct. 27, multiple sources said Wednesday, Oct. 22.

Zach MettenbergerOct 22 11:03p

The Tennessee Titans plan to start QB Zach Mettenberger in Week 8 against the Houston Texans, a source familiar with the situation said Wednesday, Oct. 22. Indications are Mettenberger [ More ]

Jake LockerOct 22 10:53p

Tennessee Titans QB Jake Locker (thumb) is in the final year of his contract after the team declined to pick up a fifth-year option. He is reportedly making progress [ More ]

LaMarr WoodleyOct 22 10:53p

Oakland Raiders DE LaMarr Woodley (biceps) suffered a torn biceps in the Week 7 game against the Arizona Cardinals, a source said Wednesday, Oct. 22. It is believed his season is over.

Brian CushingOct 22 10:03p

Houston Texans LB Brian Cushing (knee) will miss at least a week due to his knee injury. The ailment has been bothering him for the past two games.

Justin TuckOct 22 09:43p

Oakland Raiders TE David Ausberry (foot), CB Keith McGill (groin), CB Carlos Rogers (knee), DE LaMarr Woodley (biceps) and FS Usama Young (knee) did not practice Wednesday, Oct. 22. [ More ]

Bobby WagnerOct 22 08:03p

Seattle Seahawks SS Kam Chancellor (ankle), DT Jordan Hill (ankle), CB Byron Maxwell (calf), C Max Unger (foot) and LB Bobby Wagner (toe) did not practice Wednesday, Oct. 22. [ More ]

Zach MillerOct 22 08:03p

Seattle Seahawks FB Derrick Coleman (foot) and TE Zach Miller (ankle) did not practice Wednesday, Oct. 22, and they have been ruled out for Week 8 against the Carolina Panthers.

Frostee RuckerOct 22 06:53p

Arizona Cardinals DE Calais Campbell (knee) and TE Troy Niklas (ankle) did not practice Wednesday, Oct. 22. S Rashad Johnson (knee) was limited, while DE Frostee Rucker (calf) practiced in full.

Johnathan JosephOct 22 06:53p

Houston Texans LB Brian Cushing (knee), CB Johnathan Joseph (knee), CB Darryl Morris (ankle), LB Brooks Reed (groin), LB John Simon (ankle) and LB Jeff Tarpinian (knee) did not [ More ]

Cyrus GrayOct 22 06:33p

Kansas City Chiefs WR Donnie Avery (groin) has been ruled out for Week 8 against the St. Louis Rams. WR Junior Hemingway (hamstring) and CB Christopher Owens (knee) did [ More ]

RSS Feeds

NFL News:
 
Player Notes:
 
Forum Posts:
 

© 2014 RealTime Fantasy Sports, Inc.
Email Us  ·  Call Us 636.447.1170  ·  Lost Password
Advertising represented by USA Today Sports Media Group