Panthers swap home improvements for Charlotte stay
The Carolina Panthers have reached an agreement with the city of Charlotte which will see the city pay for a tranche of improvements to the Bank of America Stadium in return for a commitment that the NFL side will remain in Charlotte for at least six years.
According the the AP, the city will contribute around US$87 million for renovations to the 73,778-seater stadium, which opened in 1996.
The City Council is expected to vote on the deal later today, Monday 22nd April.
A previous proposal that would have seen US$250 million spent on upgrades, half of it by the city and half by a combination of the team and the state, was thrown out after city lawmakers rejected an increase in prepared food tax to fund it.