Charlotte Proposes $650M Investment for Bank of America Stadium Renovations

The deal aims to modernize the stadium and secure the Panthers and Charlotte FC's presence for 20 years without new taxes.

The $650 million would come from existing hospitality and tourism taxes, not requiring any new taxes.
David Tepper's Tepper Sports & Entertainment will contribute an additional $150 million, with plans for further investments.
Renovations include upgraded seating, improved accessibility, enhanced security, and modernized infrastructure.
The proposal includes a 20-year non-relocation agreement, with a potential out after 15 years for a penalty.
City Council will vote on the proposal on June 24 after collecting community feedback.